Convergence Investment Partners LLC purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,836 shares of the software company’s stock, valued at approximately $1,135,000.
Other large investors also recently made changes to their positions in the company. Torren Management LLC acquired a new stake in shares of Autodesk in the fourth quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Autodesk in the third quarter valued at approximately $25,000. Archer Investment Corp increased its stake in shares of Autodesk by 112.2% in the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after purchasing an additional 46 shares during the period. High Point Wealth Management LLC acquired a new stake in shares of Autodesk in the fourth quarter valued at approximately $44,000. Finally, iSAM Funds UK Ltd acquired a new stake in shares of Autodesk in the third quarter valued at approximately $46,000. Institutional investors and hedge funds own 90.24% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have commented on ADSK shares. Stifel Nicolaus dropped their price target on shares of Autodesk from $375.00 to $285.00 and set a “buy” rating on the stock in a research note on Monday, February 23rd. DA Davidson dropped their price target on shares of Autodesk from $375.00 to $325.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Wolfe Research increased their price objective on shares of Autodesk from $330.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Zacks Research cut shares of Autodesk from a “strong-buy” rating to a “hold” rating in a report on Thursday. Finally, Rosenblatt Securities decreased their price objective on shares of Autodesk from $375.00 to $330.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $333.07.
Autodesk Trading Up 1.2%
Shares of NASDAQ:ADSK opened at $236.62 on Friday. The stock has a market capitalization of $49.96 billion, a price-to-earnings ratio of 45.16, a PEG ratio of 1.53 and a beta of 1.32. Autodesk, Inc. has a 1-year low of $214.10 and a 1-year high of $329.09. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.85 and a current ratio of 0.85. The company has a 50 day moving average price of $241.37 and a 200 day moving average price of $264.75.
Autodesk (NASDAQ:ADSK – Get Free Report) last issued its earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share for the quarter, topping analysts’ consensus estimates of $2.64 by $0.21. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period last year, the firm posted $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, research analysts anticipate that Autodesk, Inc. will post 9.35 EPS 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.
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