Autodesk Shares Fall 5.9% Following Analyst Reports and Earnings

Shares of Autodesk, Inc. (NASDAQ:ADSK) experienced a notable decline of 5.9% during trading on Thursday, falling to a low of $276.32 before closing at $276.38. This drop comes as approximately 526,923 shares changed hands, reflecting a significant decrease of 50% from the average daily trading volume of 1,059,723 shares. The stock had previously closed at $293.79, raising concerns among investors.

Analyst Ratings and Price Targets

The downturn in Autodesk’s stock price coincides with a series of recent analyst evaluations. Rosenblatt Securities reiterated a “buy” rating, setting a price target of $355.00 in a research note dated November 24. Similarly, KeyCorp maintained an “overweight” rating in a report released on December 16.

Further analysis from Macquarie increased its price target from $380.00 to $400.00, rating the stock as “outperform” on November 26. BMO Capital Markets also raised its price objective from $333.00 to $343.00 while rating Autodesk as “market perform.” Meanwhile, Citigroup adjusted its target price to $382.00, maintaining a “buy” rating on November 28.

According to MarketBeat, a consensus among analysts indicates a “Moderate Buy” rating with an average price target of $369.59. The stock has received two “Strong Buy” ratings, twenty-one “Buy” ratings, and six “Hold” ratings.

Recent Earnings Report

Autodesk recently reported its earnings on November 25, showcasing a remarkable performance. The company recorded earnings per share of $2.67, exceeding analysts’ expectations of $2.50 by $0.17. The firm achieved a net margin of 16.09% and a return on equity of 52.06%. Revenue for the quarter reached $1.85 billion, surpassing forecasts of $1.81 billion, representing an 18.0% increase compared to the same period last year.

Looking ahead, Autodesk has provided guidance for the fiscal year 2026, projecting earnings per share between $10.180 and $10.250, with fourth-quarter guidance set at $2.590 to $2.670. Analysts predict Autodesk will report an average earnings per share of $5.76 for the current year.

Institutional Investments in Autodesk

Various hedge funds and institutional investors have adjusted their holdings in Autodesk recently. Vanguard Group Inc. increased its stake by 2.2% in the third quarter, now holding 21,414,239 shares valued at approximately $6.8 billion. Meanwhile, State Street Corp. raised its position by 1.8% during the second quarter, owning 10,086,995 shares valued at around $3.12 billion.

Additionally, Loomis Sayles & Co. L.P. grew its holdings by 1.5%, accumulating 5,831,447 shares worth $1.81 billion. Geode Capital Management LLC increased its position by 15.1%, now owning 5,606,264 shares valued at approximately $1.73 billion. Lastly, Ninety One UK Ltd raised its stake by 3.7%, with 5,338,125 shares valued at around $1.65 billion. Overall, institutional investors hold 90.24% of Autodesk’s stock.

Founded in 1982 and headquartered in San Rafael, California, Autodesk, Inc. is a leading software company renowned for its innovative design tools across various industries, including architecture, engineering, and construction (AEC), manufacturing, and media. Its flagship products include industry standards like AutoCAD, Revit, and Maya, along with cloud-based platforms that enhance collaboration and project management.