DA Davidson Cuts Autodesk (NASDAQ:ADSK) Price Target to $265.00

Autodesk (NASDAQ:ADSK - Free Report) had its target price trimmed by DA Davidson from $285.00 to $265.00 in a report published on Monday,Benzinga reports. The brokerage currently has a neutral rating on the software company's stock. DA Davidson also issued estimates for Autodesk's FY2026 earnings at $6.67 EPS and FY2027 earnings at $7.41 EPS.

A number of other research firms have also issued reports on ADSK. Stifel Nicolaus reduced their price objective on Autodesk from $350.00 to $310.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Macquarie reiterated an "outperform" rating and issued a $360.00 price objective on shares of Autodesk in a research report on Friday, February 28th. Robert W. Baird decreased their target price on shares of Autodesk from $345.00 to $336.00 and set an "outperform" rating for the company in a research report on Friday, February 28th. Scotiabank cut their price target on Autodesk from $360.00 to $315.00 and set a "sector outperform" rating on the stock in a report on Monday, March 17th. Finally, JPMorgan Chase & Co. reduced their price objective on Autodesk from $300.00 to $280.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Autodesk presently has a consensus rating of "Moderate Buy" and a consensus target price of $321.59.

Autodesk Stock Performance

Shares of NASDAQ ADSK traded down $0.69 during trading on Monday, reaching $259.47. The stock had a trading volume of 1,053,424 shares, compared to its average volume of 1,657,433. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. Autodesk has a one year low of $195.32 and a one year high of $326.62. The firm's 50 day moving average price is $268.04 and its two-hundred day moving average price is $286.80. The stock has a market cap of $55.27 billion, a PE ratio of 51.48, a P/E/G ratio of 2.94 and a beta of 1.49.

Insider Activity

In other news, Director John T. Cahill acquired 2,000 shares of Autodesk stock in a transaction on Friday, March 21st. The stock was bought at an average cost of $267.10 per share, with a total value of $534,200.00. Following the completion of the purchase, the director now owns 2,000 shares of the company's stock, valued at $534,200. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Stephen W. Hope sold 2,452 shares of Autodesk stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $267.29, for a total transaction of $655,395.08. Following the completion of the transaction, the chief accounting officer now directly owns 3,003 shares in the company, valued at approximately $802,671.87. This trade represents a 44.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.14% of the company's stock.

Institutional Investors Weigh In On Autodesk

A number of institutional investors have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA boosted its holdings in shares of Autodesk by 406.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company's stock worth $849,858,000 after purchasing an additional 2,307,960 shares during the period. Norges Bank bought a new position in shares of Autodesk in the fourth quarter valued at approximately $632,566,000. Farallon Capital Management LLC acquired a new position in Autodesk during the 4th quarter worth $544,381,000. GAMMA Investing LLC lifted its position in shares of Autodesk by 27,505.2% during the 1st quarter. GAMMA Investing LLC now owns 1,470,531 shares of the software company's stock worth $384,985,000 after purchasing an additional 1,465,204 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of Autodesk by 43.7% in the fourth quarter. Janus Henderson Group PLC now owns 2,206,237 shares of the software company's stock valued at $652,127,000 after acquiring an additional 670,699 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Company Profile

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.