Swedbank AB raised its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 6.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 159,965 shares of the software company’s stock after buying an additional 9,754 shares during the period. Swedbank AB’s holdings in Autodesk were worth $47,351,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of ADSK. Torren Management LLC acquired a new stake in Autodesk during the 4th quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC acquired a new stake in Autodesk during the 3rd quarter valued at approximately $25,000. Archer Investment Corp grew its stake in Autodesk by 112.2% during the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after purchasing an additional 46 shares in the last quarter. High Point Wealth Management LLC acquired a new stake in Autodesk during the 4th quarter valued at approximately $44,000. Finally, iSAM Funds UK Ltd acquired a new stake in Autodesk during the 3rd quarter valued at approximately $46,000. Institutional investors and hedge funds own 90.24% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on ADSK shares. Wells Fargo & Company lowered their price objective on Autodesk from $365.00 to $350.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Wolfe Research increased their target price on Autodesk from $330.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. BTIG Research reduced their target price on Autodesk from $365.00 to $300.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Stifel Nicolaus reduced their target price on Autodesk from $375.00 to $285.00 and set a “buy” rating on the stock in a report on Monday, February 23rd. Finally, Oppenheimer reduced their target price on Autodesk from $375.00 to $325.00 and set an “outperform” rating on the stock in a report on Tuesday, February 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and a consensus target price of $332.21.
Autodesk Stock Performance
NASDAQ:ADSK opened at $240.99 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.82. The business’s 50 day moving average is $239.79 and its two-hundred day moving average is $262.28. Autodesk, Inc. has a 52 week low of $214.10 and a 52 week high of $329.09. The company has a market cap of $50.89 billion, a PE ratio of 45.99, a P/E/G ratio of 1.55 and a beta of 1.32.
Autodesk (NASDAQ:ADSK – Get Free Report) last released its earnings results on Thursday, February 26th. The software company reported $2.85 EPS for the quarter, topping analysts’ consensus estimates of $2.64 by $0.21. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter last year, the business posted $2.29 EPS. Autodesk’s quarterly revenue was up 19.4% compared to the same quarter last year. 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, analysts predict that Autodesk, Inc. will post 9.35 EPS for the current year.
Trending Headlines about Autodesk
Here are the key news stories impacting Autodesk this week:
- Positive Sentiment: Wall Street still expects Autodesk to deliver earnings growth in its upcoming Q1 report, and analysts say the company has the combination of factors that could support an earnings beat. Autodesk (ADSK) Reports Next Week: Wall Street Expects Earnings Growth
- Positive Sentiment: Brokerage sentiment remains constructive, with Autodesk receiving an average recommendation of “Moderate Buy,” which can help support the stock heading into earnings. Autodesk, Inc. (NASDAQ:ADSK) Receives Average Recommendation of “Moderate Buy” from Brokerages
- Positive Sentiment: Investor interest remains supported by bullish coverage that argues Autodesk is positioned to benefit from demand for engineering optimization software. Autodesk: Primed To Monetize The Elastic Demand For Engineering Optimization
- Neutral Sentiment: Recent articles focused on analyst estimates and key metric projections suggest investors are waiting for confirmation on revenue, margins, and other operating trends before re-rating the stock. Gear Up for Autodesk (ADSK) Q1 Earnings: Wall Street Estimates for Key Metrics
- Neutral Sentiment: Autodesk also drew attention from Michael Burry, who reportedly maintained a position in the stock, adding to the name’s visibility but not changing near-term fundamentals. Autodesk Inc. (ADSK): Michael Burry Likes This Stock
- Negative Sentiment: KeyCorp cut its price target on Autodesk from $365 to $341, which may have added some pressure even though the firm kept an overweight rating. Autodesk price target lowered by KeyCorp
- Negative Sentiment: Autodesk has recently lagged the broader market, and one recent article noted the stock fell despite market gains, reinforcing a cautious short-term tone. Autodesk (ADSK) Stock Drops Despite Market Gains: Important Facts to Note
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.
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