Caprock Group LLC Grows Holdings in Autodesk, Inc. $ADSK

Key Points

• Caprock Group LLC increased its stake in Autodesk by 72.3% in Q4, buying 5,257 shares to hold 12,527 shares valued at about $3.708 million.
• Autodesk beat Q4 estimates, reporting $2.85 EPS versus $2.64 expected and $1.96B in revenue (up 19.4% YoY), and set FY2027 EPS guidance of $12.29–$12.56.
• Institutional investors own 90.24% of the stock, and analysts have a consensus "Moderate Buy" with an average price target of $335.93.

Caprock Group LLC increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 72.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,527 shares of the software company's stock after purchasing an additional 5,257 shares during the quarter. Caprock Group LLC's holdings in Autodesk were worth $3,708,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Patron Partners LLC raised its position in Autodesk by 0.8% in the third quarter. Patron Partners LLC now owns 4,295 shares of the software company's stock worth $1,364,000 after acquiring an additional 35 shares during the period. Fulton Bank N.A. raised its position in Autodesk by 4.6% in the third quarter. Fulton Bank N.A. now owns 812 shares of the software company's stock worth $258,000 after acquiring an additional 36 shares during the period. Catalyst Financial Partners LLC raised its position in Autodesk by 3.8% in the third quarter. Catalyst Financial Partners LLC now owns 1,023 shares of the software company's stock worth $325,000 after acquiring an additional 37 shares during the period. Piscataqua Savings Bank raised its position in Autodesk by 33.3% in the fourth quarter. Piscataqua Savings Bank now owns 160 shares of the software company's stock worth $47,000 after acquiring an additional 40 shares during the period. Finally, Moss Adams Wealth Advisors LLC raised its position in Autodesk by 1.0% in the fourth quarter. Moss Adams Wealth Advisors LLC now owns 4,267 shares of the software company's stock worth $1,263,000 after acquiring an additional 41 shares during the period. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Stock Performance

Autodesk stock opened at $231.98 on Friday. The firm's 50 day simple moving average is $240.07 and its 200 day simple moving average is $271.90. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $48.95 billion, a PE ratio of 44.27, a price-to-earnings-growth ratio of 1.64 and a beta of 1.43. Autodesk, Inc. has a 1-year low of $214.10 and a 1-year high of $329.09.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its 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. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.91 billion. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. Autodesk's revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the firm 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. As a group, analysts expect that Autodesk, Inc. will post 9.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Oppenheimer lowered their price objective on shares of Autodesk from $375.00 to $325.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 24th. Zacks Research raised shares of Autodesk from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 15th. Piper Sandler reaffirmed an "overweight" rating and issued a $383.00 price objective (up from $373.00) on shares of Autodesk in a research report on Monday, March 2nd. Morgan Stanley reaffirmed an "overweight" rating on shares of Autodesk in a research report on Wednesday, March 18th. Finally, Jefferies Financial Group assumed coverage on shares of Autodesk in a research report on Wednesday, April 15th. They issued a "buy" rating and a $300.00 price objective on the stock. Three 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 stock. According to MarketBeat, the stock 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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