Autodesk drops as investors digest MaintainX acquisition and new guidance

Autodesk, Inc. (ADSK) is down 6.7% today. Here is some analysis on what might have caused this price movement.

Analysis: The decline appears tied to investor risk-off positioning after Autodesk paired its quarterly results with a large, all-cash acquisition announcement. Even with solid Q1 performance and raised full-year targets, the size of the MaintainX deal and related integration/financing uncertainty likely outweighed the positives in the near term.

Details:

Autodesk reported fiscal 2027 Q1 revenue of $1.93 billion and billings of $1.69 billion, both up 18% year over year, with non-GAAP EPS of $2.99.

For fiscal 2027, Autodesk guided to revenue of $8.155–$8.215 billion and billings of $8.505–$8.580 billion (the outlook explicitly excludes MaintainX until closing).

Autodesk announced a definitive agreement to acquire MaintainX in an all-cash transaction valued at approximately $3.6 billion, expanding its operations-focused software offering.

This could be because some shareholders are concerned about deal execution risk, potential leverage/financing impacts, and near-term dilution versus a “beat-and-raise” quarter.

Sources:

Autodesk Investor Relations, SEC, Reuters

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$ADSK Hedge Fund Activity

We have seen 586 institutional investors add shares of $ADSK stock to their portfolio, and 848 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO removed 2,275,500 shares (-99.8%) from their portfolio in Q1 2026, for an estimated $541,091,145
JANUS HENDERSON GROUP PLC removed 1,831,079 shares (-88.7%) from their portfolio in Q4 2025, for an estimated $542,017,694
FARALLON CAPITAL MANAGEMENT LLC removed 1,662,852 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $492,220,820
WELLINGTON MANAGEMENT GROUP LLP removed 1,189,341 shares (-63.7%) from their portfolio in Q1 2026, for an estimated $282,813,396
STARBOARD VALUE LP removed 1,001,733 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $238,202,090
POINT72 ASSET MANAGEMENT, L.P. removed 960,884 shares (-91.3%) from their portfolio in Q1 2026, for an estimated $228,488,606
PICTET ASSET MANAGEMENT HOLDING SA added 936,388 shares (+80.2%) to their portfolio in Q1 2026, for an estimated $222,663,702

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$ADSK Congressional Stock Trading

Members of Congress have traded $ADSK stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $ADSK stock by members of Congress over the last 6 months:

SENATOR ANGUS S. KING JR. sold up to $15,000 on 02/13.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$ADSK Analyst Ratings

Wall Street analysts have issued reports on $ADSK in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Macquarie issued a "Outperform" rating on 02/27/2026
BTIG issued a "Buy" rating on 12/17/2025

To track analyst ratings and price targets for $ADSK, check out Quiver Quantitative's $ADSK forecast page.

$ADSK Price Targets

Multiple analysts have issued price targets for $ADSK recently. We have seen 18 analysts offer price targets for $ADSK in the last 6 months, with a median target of $312.5.

Here are some recent targets:

Daniel Jester from BMO Capital set a target price of $262.0 on 05/29/2026
Nick Altmann from BTIG set a target price of $300.0 on 05/29/2026
Clarke Jeffries from Piper Sandler set a target price of $369.0 on 05/29/2026
Keith Weiss from Morgan Stanley set a target price of $315.0 on 05/26/2026
Jason Celino from Keybanc set a target price of $341.0 on 05/21/2026
Saket Kalia from Barclays set a target price of $300.0 on 05/13/2026
Tomer Zilberman from B of A Securities set a target price of $300.0 on 05/12/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.