Brown Advisory Inc. trimmed its position in shares of Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 21.8% during the 4th quarter, HoldingsChannel reports. The fund owned 2,283,617 shares of the software company’s stock after selling 635,108 shares during the quarter. Autodesk makes up approximately 0.9% of Brown Advisory Inc.’s investment portfolio, making the stock its 21st biggest holding. Brown Advisory Inc.’s holdings in Autodesk were worth $675,973,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Autodesk by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 21,493,167 shares of the software company’s stock valued at $6,362,192,000 after acquiring an additional 78,928 shares during the period. State Street Corp grew its stake in shares of Autodesk by 0.7% in the 4th quarter. State Street Corp now owns 10,157,826 shares of the software company’s stock valued at $3,006,818,000 after purchasing an additional 70,053 shares during the period. Geode Capital Management LLC grew its stake in shares of Autodesk by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 5,682,041 shares of the software company’s stock valued at $1,677,404,000 after purchasing an additional 123,691 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Autodesk by 46.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,989,372 shares of the software company’s stock valued at $884,884,000 after purchasing an additional 952,343 shares during the period. Finally, Norges Bank bought a new stake in shares of Autodesk in the 4th quarter valued at approximately $867,480,000. 90.24% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
ADSK has been the topic of several analyst reports. Citigroup upped their price objective on Autodesk from $246.00 to $252.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. Robert W. Baird lowered their price objective on Autodesk from $355.00 to $312.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th. Deutsche Bank Aktiengesellschaft lowered their price objective on Autodesk from $375.00 to $330.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Rosenblatt Securities reiterated a “buy” rating and issued a $330.00 price objective on shares of Autodesk in a research note on Monday, June 1st. Finally, Morgan Stanley lowered their price objective on Autodesk from $350.00 to $315.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 26th. Two 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. According to data from MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and an average target price of $327.21.
Insider Buying and Selling
In other Autodesk news, Director Stacy J. Smith purchased 3,435 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were acquired at an average cost of $231.17 per share, for a total transaction of $794,068.95. Following the transaction, the director directly owned 26,517 shares in the company, valued at approximately $6,129,934.89. The trade was a 14.88% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.14% of the stock is currently owned by company insiders.
Autodesk Stock Down 3.5%
NASDAQ ADSK opened at $198.43 on Friday. The firm has a market cap of $41.87 billion, a PE ratio of 28.93, a price-to-earnings-growth ratio of 1.22 and a beta of 1.29. Autodesk, Inc. has a one year low of $194.47 and a one year high of $329.09. The stock’s 50 day simple moving average is $235.55 and its 200 day simple moving average is $255.52. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.83.
Autodesk (NASDAQ:ADSK – Get Free Report) last released its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.15. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.Autodesk’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.29 EPS. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. As a group, sell-side analysts forecast that Autodesk, Inc. will post 9.64 earnings per share for the current fiscal year.
Autodesk 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.
Featured Stories
- Five stocks we like better than Autodesk
- Time to Sell? 3 Winners With Fading Technical Momentum
- Why These 2 Hotel Stocks Are Beating Travel Peers
- This Energy Stock Has Quietly Soared 130% in a Year
- 3 ‘Boring’ Dividend Stocks With Tasty Technical Setups
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.
-logo-1200x675.png){kind=logo}