Thrivent Financial for Lutherans trimmed its holdings in Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 2.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 155,863 shares of the software company’s stock after selling 3,679 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Autodesk were worth $46,137,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in ADSK. Rakuten Investment Management Inc. bought a new position in Autodesk in the 3rd quarter worth approximately $268,649,000. Wellington Management Group LLP boosted its position in shares of Autodesk by 326.9% during the 3rd quarter. Wellington Management Group LLP now owns 918,010 shares of the software company’s stock valued at $291,624,000 after acquiring an additional 702,974 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Autodesk by 197.1% during the 3rd quarter. First Trust Advisors LP now owns 910,768 shares of the software company’s stock valued at $289,324,000 after acquiring an additional 604,235 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Autodesk by 18.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,544,520 shares of the software company’s stock valued at $1,125,988,000 after acquiring an additional 564,136 shares during the last quarter. Finally, Two Sigma Investments LP boosted its position in shares of Autodesk by 51,159.6% during the 3rd quarter. Two Sigma Investments LP now owns 512,596 shares of the software company’s stock valued at $162,836,000 after acquiring an additional 511,596 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
ADSK has been the subject of a number of research reports. Morgan Stanley reiterated an “overweight” rating on shares of Autodesk in a research report on Wednesday, March 18th. Citigroup reiterated a “neutral” rating and set a $246.00 target price (down from $331.00) on shares of Autodesk in a research report on Friday, April 10th. Wells Fargo & Company lowered their target price on Autodesk from $365.00 to $350.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. JPMorgan Chase & Co. increased their target price on Autodesk from $319.00 to $336.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Autodesk in a research report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Autodesk has an average rating of “Moderate Buy” and a consensus target price of $333.07.
Autodesk Stock Up 1.2%
Shares of ADSK opened at $236.62 on Friday. The company has a market cap of $49.96 billion, a PE ratio of 45.16, a P/E/G ratio of 1.53 and a beta of 1.32. The business has a fifty day moving average of $241.37 and a 200 day moving average of $264.75. Autodesk, Inc. has a 52-week low of $214.10 and a 52-week high of $329.09. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.82.
Autodesk (NASDAQ:ADSK – Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.64 by $0.21. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.91 billion. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.Autodesk’s revenue was up 19.4% on a year-over-year basis. During the same period last year, the company earned $2.29 earnings per share. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. On average, sell-side analysts expect that Autodesk, Inc. will post 9.35 EPS for the current year.
Autodesk Company Profile
Autodesk, Inc (NASDAQ: ADSK) is a software company that develops design and creation tools for the architecture, engineering and construction (AEC), manufacturing, and media and entertainment industries. Headquartered in San Rafael, California, the company was founded in 1982 and is best known for pioneering CAD (computer-aided design) software. Autodesk sells products and services to a global customer base, including architects, engineers, contractors, product designers, and content creators.
The company’s product portfolio includes industry-standard design and modeling applications such as AutoCAD, Revit, Inventor, Fusion 360, Maya and 3ds Max, as well as cloud-based collaboration and project management platforms like BIM 360 and Autodesk Construction Cloud.
Read More
- Five stocks we like better than Autodesk
- 3 Stocks to Own If Gas Prices Keep Rising
- 3 Crucial Aerospace Component Makers That Analysts Love
- Alphabet’s Googlebook Brings Gemini AI to PC Hardware
- Peloton Stock Gives Back Gains After Upbeat Earnings Report
Want to see what other hedge funds are holding ADSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autodesk, Inc. (NASDAQ:ADSK – Free Report).
Receive News & Ratings for Autodesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk and related companies with MarketBeat.com's FREE daily email newsletter.
