Autodesk Stock Forecast, Price & News

Autodesk's stock was trading at $154.40 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, ADSK shares have increased by 47.5% and is now trading at $227.80.
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22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Autodesk in the last year. There are currently 3 sell ratings, 4 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Autodesk is scheduled to release its next quarterly earnings announcement on Tuesday, November 24th 2020.
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Autodesk, Inc. (NASDAQ:ADSK) released its quarterly earnings data on Tuesday, August, 25th. The software company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.08. The software company earned $913.10 million during the quarter, compared to the consensus estimate of $901.76 million. Autodesk had a negative return on equity of 457.10% and a net margin of 10.26%. The company's quarterly revenue was up 14.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 EPS.
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Autodesk updated its third quarter earnings guidance on Tuesday, August, 25th. The company provided earnings per share (EPS) guidance of $0.91-0.97 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.95. The company issued revenue guidance of $930-945 million, compared to the consensus revenue estimate of $939.78 million.

22 equities research analysts have issued 12-month price targets for Autodesk's stock. Their forecasts range from $155.00 to $300.00. On average, they expect Autodesk's share price to reach $241.81 in the next year. This suggests a possible upside of 6.1% from the stock's current price.
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Autodesk saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 2,640,000 shares, a decline of 17.5% from the August 15th total of 3,200,000 shares. Based on an average daily trading volume, of 1,380,000 shares, the days-to-cover ratio is currently 1.9 days. Approximately 1.2% of the company's shares are short sold.
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Some companies that are related to Autodesk include Adobe (ADBE), salesforce.com (CRM), Intuit (INTU), Workday (WDAY), Synopsys (SNPS), Splunk (SPLK), Cadence Design Systems (CDNS), ANSYS (ANSS), Citrix Systems (CTXS), SS&C Technologies (SSNC), Tyler Technologies (TYL), FactSet Research Systems (FDS), Fair Isaac (FICO), Pegasystems (PEGA) and Nuance Communications (NUAN).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Autodesk investors own include NVIDIA (NVDA), Adobe (ADBE), Alibaba Group (BABA), Micron Technology (MU), Advanced Micro Devices (AMD), salesforce.com (CRM), Netflix (NFLX), QUALCOMM (QCOM), Paypal (PYPL) and Tesla (TSLA).

Autodesk trades on the NASDAQ under the ticker symbol "ADSK."

Autodesk's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.23%), FMR LLC (3.26%), Bank of America Corp DE (1.76%), Principal Financial Group Inc. (1.73%), Bank of New York Mellon Corp (0.82%) and Jackson Square Partners LLC (0.82%). Company insiders that own Autodesk stock include Andrew Anagnost, Betsy Rafael, Carmel Galvin, Crawford W Beveridge, Fronzo Pascal W Di, Karen Blasing, Lorrie M Norrington, Mary T Mcdowell, Richard Scott Herren, Stephen W Hope and Steven M Blum.
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ADSK stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Jackson Square Partners LLC, Man Group plc, Cibc World Markets Corp, Sumitomo Mitsui Trust Holdings Inc., Advent Interntional Corp MA, Nuveen Asset Management LLC, and Toronto Dominion Bank. Company insiders that have sold Autodesk company stock in the last year include Andrew Anagnost, Carmel Galvin, Fronzo Pascal W Di, Lorrie M Norrington, Mary T Mcdowell, Richard Scott Herren, Stephen W Hope, and Steven M Blum.
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ADSK stock was purchased by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Nordea Investment Management AB, Independent Franchise Partners LLP, AQR Capital Management LLC, Mn Services Vermogensbeheer B.V., Bank of New York Mellon Corp, Stifel Financial Corp, and MUFG Securities EMEA plc.
View insider buying and selling activity for Autodesk.

Shares of ADSK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of ADSK stock can currently be purchased for approximately $227.80.

Autodesk has a market capitalization of $49.95 billion and generates $3.27 billion in revenue each year. The software company earns $214.50 million in net income (profit) each year or $1.50 on an earnings per share basis. Autodesk employs 10,100 workers across the globe.

The official website for Autodesk is www.autodesk.com.

Autodesk's mailing address is 111 MCINNIS PKWY, SAN RAFAEL CA, 94903. The software company can be reached via phone at 415-507-5000 or via email at [email protected]