Autodesk's (ADSK) Outperform Rating Reiterated at Royal Bank of Canada

Market Beat
2025.05.25 15:05

Royal Bank of Canada has reiterated its "outperform" rating for Autodesk (ADSK) and raised the price target from $313.03 to $345.00, indicating a potential upside of 17.76%. Other analysts have also increased their price targets, with UBS raising theirs to $370.00 and Macquarie to $360.00. Autodesk's stock recently traded down 0.7% to $292.98, with a market cap of $62.68 billion. Institutional investors have significantly increased their holdings in the company, which specializes in 3D design and engineering solutions.

Autodesk (NASDAQ:ADSK - Get Free Report)'s stock had its "outperform" rating restated by equities research analysts at Royal Bank of Canada in a report issued on Friday,Benzinga reports. They currently have a $345.00 target price on the software company's stock, up from their prior target price of $313.03. Royal Bank of Canada's price target suggests a potential upside of 17.76% from the company's current price.

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Several other equities research analysts have also recently weighed in on the company. UBS Group increased their price target on Autodesk from $350.00 to $370.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Macquarie restated an "outperform" rating and issued a $360.00 target price on shares of Autodesk in a report on Friday, February 28th. KeyCorp lifted their price objective on Autodesk from $323.00 to $350.00 and gave the stock an "overweight" rating in a research report on Friday. Bank of America lifted their target price on Autodesk from $325.00 to $335.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Finally, Morgan Stanley raised their price objective on shares of Autodesk from $330.00 to $370.00 and gave the stock an "overweight" rating in a research report on Friday. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $334.23.

View Our Latest Report on ADSK

Autodesk Trading Down 0.7%

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Shares of Autodesk stock traded down $2.02 during trading on Friday, hitting $292.98. The company's stock had a trading volume of 1,091,966 shares, compared to its average volume of 1,630,988. The stock has a market cap of $62.68 billion, a price-to-earnings ratio of 58.08, a price-to-earnings-growth ratio of 2.94 and a beta of 1.47. Autodesk has a 52 week low of $195.32 and a 52 week high of $326.62. The stock has a 50-day moving average price of $270.94 and a two-hundred day moving average price of $286.66. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65.

Insider Activity at Autodesk

In related news, CAO Stephen W. Hope sold 2,452 shares of Autodesk stock in a transaction 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 sale, the chief accounting officer now owns 3,003 shares of the company's stock, valued at approximately $802,671.87. This trade represents a 44.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John T. Cahill bought 2,000 shares of the firm's stock in a transaction on Friday, March 21st. The stock was acquired at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the purchase, the director now directly owns 2,000 shares in the company, valued at approximately $534,200. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.15% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

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A number of institutional investors and hedge funds have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA raised its holdings in Autodesk by 406.8% in 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 in the last quarter. Norges Bank bought a new stake in shares of Autodesk in the fourth quarter worth approximately $632,566,000. Farallon Capital Management LLC bought a new position in shares of Autodesk during the 4th quarter valued at $544,381,000. GAMMA Investing LLC lifted its holdings in Autodesk by 27,505.2% in the first quarter. GAMMA Investing LLC now owns 1,470,531 shares of the software company's stock valued at $384,985,000 after acquiring an additional 1,465,204 shares during the period. Finally, Nuveen LLC purchased a new position in shares of Autodesk in the first quarter worth approximately $278,383,000. 90.24% of the stock is owned by institutional investors.

Autodesk Company Profile

(Get Free Report)

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.

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