Autodesk, Inc. (NASDAQ: ADSK – Get a rating) – Oppenheimer Research analysts released their earnings per share estimates for Autodesk’s fiscal year 2025 in a report released Tuesday, July 26. Oppenheimer analyst K. Wong expects the software company to post earnings of $6.28 per share for the year. Oppenheimer has an “outperform” rating and a price target of $320.00 on the stock. The consensus estimate for Autodesk’s current annual earnings is $4.01 per share.
Other equity research analysts have also recently published research reports on the company. Piper Sandler cut its price target on Autodesk from $298.00 to $242.00 and set an “overweight” rating on the stock in a Friday, May 27 report. Barclays cut its price target on Autodesk from $230.00 to $216.00 and set an “overweight” rating on the stock in a Friday May 27 report. Deutsche Bank Aktiengesellschaft downgraded Autodesk from a buy to a hold rating and lowered its price target for the stock from $275.00 to $225.00 in a Monday 23 research report. may. OTR Global raised Autodesk to a “positive” rating in a Thursday, May 5 research report. Finally, Credit Suisse Group lowered its price target on Autodesk from $440.00 to $335.00 and set an “na” rating for the company in a Tuesday, May 17 research report. One investment analyst has assigned the stock a sell rating, four have issued a hold rating and sixteen have assigned the company a buy rating. Based on data from MarketBeat.com, Autodesk currently has a consensus rating of “Moderate Buy” and an average target price of $264.00.
Autodesk Price Performance
ADSK Action opened at $216.32 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt ratio of 3.35. The company has a market capitalization of $47.00 billion, a PE ratio of 98.33 and a beta of 1.46. Autodesk has a 12-month low of $163.20 and a 12-month high of $344.39. The company’s fifty-day moving average price is $187.05 and its 200-day moving average price is $204.78.
Autodesk (NASDAQ: ADSK – Get a rating) last released its results on Thursday, May 26. The software company reported EPS of $0.87 for the quarter, beating consensus analyst estimates of $0.77 by $0.10. Autodesk had a return on equity of 68.41% and a net margin of 10.67%. The company posted revenue of $1.17 billion for the quarter, versus a consensus estimate of $1.15 billion. In the same quarter a year earlier, the company had earned earnings per share of $1.03. The company’s revenue for the quarter increased 18.3% year over year.
Hedge funds weigh on Autodesk
A number of large investors have recently changed their holdings in ADSK. Norges Bank bought a new position in Autodesk stock during Q4 for a value of approximately $1,504,904,000. Polen Capital Management LLC increased its stake in Autodesk by 18.7% in the first quarter. Polen Capital Management LLC now owns 8,650,112 shares of the software company worth $1,854,152,000 after buying an additional 1,365,221 shares last quarter. Castleview Partners LLC acquired a new position in Autodesk in the fourth quarter worth approximately $3,181,000. Ninety One UK Ltd increased its stake in Autodesk by 29.0% in the first quarter. Ninety One UK Ltd now owns 3,393,123 shares in the software company valued at $727,316,000 after acquiring an additional 762,242 shares during the period. Finally, Intermede Investment Partners Ltd acquired a new position in Autodesk in the first quarter valued at approximately $130,889,000. 89.55% of the shares are held by hedge funds and other institutional investors.
Insider Buying and Selling at Autodesk
In other Autodesk news, EVP Rebecca Pearce sold 1,608 shares of the company in a transaction that took place on Tuesday, May 31. The stock was sold at an average price of $207.86, for a total transaction of $334,238.88. Following the completion of the sale, the executive vice president now directly owns 19,325 shares of the company, valued at approximately $4,016,894.50. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. In other news, CAD Stephen W. Hope sold 327 shares in a trade that took place on Tuesday, July 12. The stock was sold at an average price of $177.43, for a total transaction of $58,019.61. Following completion of the transaction, the chief accounting officer now directly owns 4,186 shares of the company, valued at approximately $742,721.98. The sale was disclosed in a document filed with the SEC, accessible via this link. Also, VPE Rebecca Pearce sold 1,608 shares in a trade that took place on Tuesday, May 31. The stock was sold at an average price of $207.86, for a total value of $334,238.88. Following the transaction, the executive vice president now directly owns 19,325 shares of the company, valued at $4,016,894.50. Disclosure of this sale can be found here. 0.11% of the shares are held by insiders of the company.
Autodesk, Inc provides 3D design, engineering, and entertainment software and services worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land, transportation, and environmental projects; BIM 360, a cloud-based construction management software; AutoCAD, professional design, drafting, detailing, and visualization software; AutoCAD LT, drafting and detailing software; computer aided manufacturing (CAM) software for computer numerical control machining, inspection and modeling for manufacturing; Fusion 360, a 3D CAD, CAM and computer-aided engineering tool; and industry collections tools for professionals in the architecture, engineering and construction, product design and manufacturing, and media and entertainment collections industries.
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