Panagora Asset Management Inc. Raises Position in Autodesk, Inc. $ADSK

Panagora Asset Management Inc. lifted its position in shares of Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 222.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 271,270 shares of the software company’s stock after buying an additional 187,026 shares during the period. Panagora Asset Management Inc.’s holdings in Autodesk were worth $80,299,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Torren Management LLC acquired a new stake in shares of Autodesk during the 4th quarter worth $25,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Autodesk during the 3rd quarter worth $25,000. Archer Investment Corp increased its holdings in shares of Autodesk by 112.2% during the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after buying an additional 46 shares during the last quarter. Swiss RE Ltd. acquired a new stake in shares of Autodesk during the 4th quarter worth $32,000. Finally, High Point Wealth Management LLC acquired a new stake in shares of Autodesk during the 4th quarter worth $44,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

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Autodesk Stock Performance

NASDAQ:ADSK opened at $198.43 on Monday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a 50-day moving average of $235.55 and a two-hundred day moving average of $255.27. The stock has a market cap of $41.87 billion, a P/E ratio of 28.93, a PEG ratio of 1.22 and a beta of 1.30. Autodesk, Inc. has a 1-year low of $194.47 and a 1-year high of $329.09.

Autodesk (NASDAQ:ADSK – Get Free Report) last posted its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.15. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The firm’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 posted $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. On average, research analysts expect that Autodesk, Inc. will post 9.64 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Stacy J. Smith acquired 3,435 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was bought at an average cost of $231.17 per share, with a total value of $794,068.95. Following the transaction, the director directly owned 26,517 shares in the company, valued at approximately $6,129,934.89. This represents a 14.88% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.14% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ADSK shares. Arete Research dropped their price objective on Autodesk from $460.00 to $456.00 and set a “buy” rating for the company in a report on Thursday, March 26th. Robert W. Baird lowered their price target on Autodesk from $355.00 to $312.00 and set an “outperform” rating for the company in a report on Friday, April 17th. Bank of America reiterated a “buy” rating and issued a $300.00 price target on shares of Autodesk in a report on Tuesday, May 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Autodesk in a report on Wednesday, June 3rd. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $330.00 price target on shares of Autodesk in a report on Monday, June 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and an average price target of $327.21.

Check Out Our Latest Report on Autodesk

Autodesk Profile

(Free Report)

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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