Assetmark Inc. lifted its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 17.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,241 shares of the software company's stock after purchasing an additional 7,909 shares during the period. Assetmark Inc.'s holdings in Autodesk were worth $16,056,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC purchased a new position in shares of Autodesk in the 3rd quarter worth approximately $25,000. Proffitt & Goodson Inc. purchased a new stake in shares of Autodesk during the third quarter valued at approximately $27,000. Heartwood Wealth Advisors LLC bought a new stake in Autodesk during the third quarter worth $28,000. Tripletail Wealth Management LLC bought a new stake in Autodesk during the third quarter worth $29,000. Finally, Financial Consulate Inc. purchased a new position in Autodesk in the third quarter worth $32,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on ADSK shares. Deutsche Bank Aktiengesellschaft decreased their target price on Autodesk from $375.00 to $330.00 and set a "buy" rating for the company in a research report on Monday, March 2nd. JPMorgan Chase & Co. boosted their price target on shares of Autodesk from $319.00 to $336.00 and gave the stock an "overweight" rating in a report on Friday, February 27th. UBS Group reduced their price target on shares of Autodesk from $400.00 to $290.00 and set a "buy" rating for the company in a research report on Monday, February 23rd. DA Davidson decreased their price objective on shares of Autodesk from $375.00 to $325.00 and set a "buy" rating for the company in a report on Friday, February 27th. Finally, Rothschild & Co Redburn set a $375.00 target price on shares of Autodesk in a research note on Friday, January 9th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $338.25.
View Our Latest Research Report on Autodesk
Autodesk Trading Up 1.6%
Shares of ADSK stock opened at $243.16 on Friday. The company's fifty day simple moving average is $239.47 and its two-hundred day simple moving average is $274.56. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.85. Autodesk, Inc. has a 1 year low of $214.10 and a 1 year high of $329.09. The stock has a market capitalization of $51.31 billion, a price-to-earnings ratio of 46.40, a PEG ratio of 1.58 and a beta of 1.43.
Autodesk (NASDAQ:ADSK - Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.64 by $0.21. The firm had revenue of $1.96 billion for 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 business's quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior 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. As a group, analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current year.
More Autodesk News
Here are the key news stories impacting Autodesk this week:
About Autodesk
(
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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