FY2027 Earnings Forecast for Autodesk Issued By DA Davidson

Autodesk, Inc. (NASDAQ:ADSK) – Equities research analysts at DA Davidson reduced their FY2027 earnings per share estimates for Autodesk in a report issued on Tuesday, April 15th. DA Davidson analyst W. Jellison now forecasts that the software company will earn $7.41 per share for the year, down from their prior estimate of $7.86. DA Davidson has a “Neutral” rating and a $265.00 price target on the stock. The consensus estimate for Autodesk’s current full-year earnings is $5.76 per share.

ADSK has been the subject of a number of other research reports. Scotiabank reduced their price target on Autodesk from $360.00 to $315.00 and set a “sector outperform” rating for the company in a research report on Monday, March 17th. KeyCorp reduced their target price on Autodesk from $335.00 to $323.00 and set an “overweight” rating for the company in a research note on Wednesday. Citigroup dropped their price target on Autodesk from $361.00 to $339.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Mizuho cut their price target on Autodesk from $400.00 to $350.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Barclays decreased their price objective on shares of Autodesk from $365.00 to $325.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $324.09.

Autodesk Stock Performance

Shares of NASDAQ:ADSK opened at $265.34 on Wednesday. Autodesk has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market capitalization of $56.52 billion, a price-to-earnings ratio of 52.65, a P/E/G ratio of 2.94 and a beta of 1.49. The firm’s 50 day simple moving average is $270.58 and its 200 day simple moving average is $287.15.

Institutional Investors Weigh In On Autodesk

Large investors have recently modified their holdings of the business. Golden State Wealth Management LLC acquired a new position in shares of Autodesk during the 4th quarter worth $25,000. Investment Management Corp VA ADV acquired a new position in Autodesk during the fourth quarter worth about $29,000. Tradewinds Capital Management LLC lifted its holdings in shares of Autodesk by 100.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after acquiring an additional 50 shares during the last quarter. Mizuho Securities Co. Ltd. bought a new position in shares of Autodesk in the fourth quarter worth about $30,000. Finally, Addison Advisors LLC boosted its stake in shares of Autodesk by 157.4% in the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock valued at $36,000 after purchasing an additional 74 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Buying and Selling at Autodesk

In other news, Director John T. Cahill purchased 2,000 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was bought at an average price of $267.10 per share, with a total value of $534,200.00. Following the acquisition, the director now owns 2,000 shares in the company, valued at approximately $534,200. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Stephen W. Hope sold 2,452 shares of Autodesk stock in a transaction that occurred on Friday, March 28th. The shares were 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 $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.

About Autodesk

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.