Autodesk, Inc. $ADSK Shares Sold by Douglas Lane & Associates LLC

Key Points

• Douglas Lane & Associates cut its Autodesk stake by 24.3% in Q4, selling 21,177 shares and leaving 65,878 shares valued at about $19.5 million.
• Autodesk beat Q4 expectations with EPS of $2.85 versus $2.64 estimated and revenue of $1.96B (up 19.4% YoY), and set FY2027 EPS guidance of 12.29–12.56 and Q1 guidance of 2.82–2.86.
• Analysts hold a Moderate Buy consensus with an average target of $342.81, while the stock trades near $225 and carries a PE of roughly 43 amid mixed target revisions.

Douglas Lane & Associates LLC lowered its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 24.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,878 shares of the software company's stock after selling 21,177 shares during the period. Douglas Lane & Associates LLC's holdings in Autodesk were worth $19,500,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Measured Wealth Private Client Group LLC acquired a new stake in shares of Autodesk in the 3rd quarter worth approximately $25,000. Proffitt & Goodson Inc. acquired a new stake in shares of Autodesk in the 3rd quarter worth approximately $27,000. Heartwood Wealth Advisors LLC acquired a new stake in shares of Autodesk in the 3rd quarter worth approximately $28,000. Tripletail Wealth Management LLC acquired a new stake in shares of Autodesk in the 3rd quarter worth approximately $29,000. Finally, Financial Consulate Inc. acquired a new stake in shares of Autodesk in the 3rd quarter worth approximately $32,000. Institutional investors and hedge funds own 90.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Oppenheimer lowered 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. DA Davidson lowered their target price on Autodesk from $375.00 to $325.00 and set a "buy" rating on the stock in a report on Friday, February 27th. Wolfe Research increased their target price on Autodesk from $330.00 to $350.00 and gave the company an "outperform" rating in a report on Friday, February 27th. Stifel Nicolaus lowered 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, Morgan Stanley reiterated an "overweight" rating on shares of Autodesk in a report on Wednesday, March 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Autodesk currently has a consensus rating of "Moderate Buy" and a consensus target price of $342.81.

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $225.13 on Friday. The business's fifty day moving average price is $240.95 and its two-hundred day moving average price is $277.75. The stock has a market cap of $47.50 billion, a PE ratio of 42.96, a price-to-earnings-growth ratio of 1.59 and a beta of 1.43. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.85 and a current ratio of 0.85. Autodesk, Inc. has a one year low of $215.01 and a one year high of $329.09.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its quarterly 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. 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 analyst estimates of $1.91 billion. During the same quarter in the prior year, the company posted $2.29 EPS. The business's revenue for the quarter 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 forecast that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

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.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.