Bogart Wealth LLC Acquires 26,421 Shares of Autodesk, Inc. $ADSK

Key Points

• Bogart Wealth LLC boosted its stake in Autodesk by 27,521.9% in Q4, buying 26,421 shares to hold 26,517 shares worth about $7.85 million at quarter-end.
• Autodesk beat Q4 estimates with $2.85 EPS vs. $2.64 expected and $1.96B revenue vs. $1.91B, reporting 19.4% YoY revenue growth and issuing FY2027 EPS guidance of 12.290–12.560 (Q1 2027: 2.820–2.860).
• The stock carries a consensus rating of "Moderate Buy" with an average price target of $335.93, although several firms have recently trimmed their price objectives.

Bogart Wealth LLC increased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 27,521.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,517 shares of the software company's stock after acquiring an additional 26,421 shares during the period. Bogart Wealth LLC's holdings in Autodesk were worth $7,849,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its position in Autodesk by 12.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,180 shares of the software company's stock worth $48,661,000 after acquiring an additional 17,358 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its position in Autodesk by 18.7% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 130,669 shares of the software company's stock worth $41,510,000 after acquiring an additional 20,543 shares during the last quarter. OFI Invest Asset Management lifted its holdings in Autodesk by 246.4% during the 4th quarter. OFI Invest Asset Management now owns 52,649 shares of the software company's stock worth $15,585,000 after buying an additional 37,449 shares in the last quarter. Pacific Heights Asset Management LLC lifted its holdings in Autodesk by 26.9% during the 3rd quarter. Pacific Heights Asset Management LLC now owns 85,000 shares of the software company's stock worth $27,002,000 after buying an additional 18,000 shares in the last quarter. Finally, Freemont Management S.A. acquired a new position in Autodesk during the 3rd quarter worth $4,765,000. 90.24% of the stock is currently owned by institutional investors.

Autodesk Stock Performance

ADSK stock opened at $234.85 on Wednesday. The business's fifty day moving average is $240.46 and its 200-day moving average is $269.70. 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 company has a market cap of $49.55 billion, a P/E ratio of 44.82, a price-to-earnings-growth ratio of 1.56 and a beta of 1.43. Autodesk, Inc. has a twelve month low of $214.10 and a twelve month high of $329.09.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share for the quarter, beating analysts' consensus estimates of $2.64 by $0.21. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.91 billion. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.The firm's quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.29 EPS. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. Equities research analysts forecast that Autodesk, Inc. will post 9.35 EPS for the current year.

Analyst Ratings Changes

ADSK has been the topic of several research reports. BMO Capital Markets reduced their price objective on Autodesk from $343.00 to $279.00 and set a "market perform" rating on the stock in a report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft reduced their price objective on Autodesk from $375.00 to $330.00 and set a "buy" rating on the stock in a report on Monday, March 2nd. Wolfe Research upped their price objective on Autodesk from $330.00 to $350.00 and gave the stock an "outperform" rating in a report on Friday, February 27th. Oppenheimer reduced their price objective on Autodesk from $375.00 to $325.00 and set an "outperform" rating on the stock in a report on Tuesday, February 24th. Finally, Rosenblatt Securities reduced their price objective on Autodesk from $375.00 to $330.00 and set a "buy" rating on the stock in a report on Tuesday, February 24th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $335.93.

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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