Goodman Advisory Group LLC Raises Stock Holdings in Autodesk, Inc. $ADSK

Key Points

• Goodman Advisory Group LLC raised its stake in Autodesk by 41.0% in Q3 to 23,394 shares (worth about $7.43M), making the stock roughly 1.8% of the firm's holdings and its 20th-largest position.
• Autodesk beat expectations in its most recent quarter with $2.85 EPS vs. $2.64 est. and $1.96B revenue (up 19.4% YoY), and set FY2027 guidance of 12.29–12.56 EPS.
• Analysts hold a Moderate Buy consensus with a $341.96 average target after multiple firms raised price targets, while ADSK trades near $260.99 with a market cap of about $55.1B and a P/E around 49.8.

Goodman Advisory Group LLC raised its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 41.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 23,394 shares of the software company's stock after acquiring an additional 6,799 shares during the period. Autodesk makes up approximately 1.8% of Goodman Advisory Group LLC's holdings, making the stock its 20th biggest position. Goodman Advisory Group LLC's holdings in Autodesk were worth $7,432,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Proffitt & Goodson Inc. purchased a new position in shares of Autodesk during the third quarter valued at approximately $27,000. Heartwood Wealth Advisors LLC bought a new position in Autodesk during the third quarter valued at approximately $28,000. Tripletail Wealth Management LLC purchased a new stake in Autodesk in the third quarter worth approximately $29,000. Financial Consulate Inc. purchased a new stake in Autodesk in the third quarter worth approximately $32,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in Autodesk in the 2nd quarter worth approximately $34,000. 90.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ADSK has been the topic of several research analyst reports. Citigroup increased their price target on Autodesk from $315.00 to $331.00 and gave the company a "buy" rating in a report on Tuesday, March 3rd. DA Davidson cut their price objective on Autodesk from $375.00 to $325.00 and set a "buy" rating for the company in a report on Friday, February 27th. Wolfe Research upped their price objective on Autodesk from $330.00 to $350.00 and gave the company an "outperform" rating in a research report on Friday, February 27th. Arete Research increased their target price on Autodesk from $430.00 to $460.00 and gave the company a "buy" rating in a report on Thursday, December 11th. Finally, HSBC dropped their target price on Autodesk from $388.00 to $379.00 and set a "buy" rating on the stock in a research report on Friday, November 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $341.96.

Autodesk Trading Down 1.2%

Shares of ADSK opened at $260.99 on Friday. The firm has a market cap of $55.07 billion, a P/E ratio of 49.81, a price-to-earnings-growth ratio of 1.73 and a beta of 1.45. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.82. Autodesk, Inc. has a 1 year low of $215.01 and a 1 year high of $329.09. The company has a 50 day simple moving average of $256.81 and a two-hundred day simple moving average of $288.85.

Autodesk (NASDAQ:ADSK - Get Free Report) last released its earnings results on Thursday, February 26th. The software company reported $2.85 EPS for the quarter, topping the consensus estimate of $2.64 by $0.21. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the previous year, the firm earned $2.29 earnings per share. The company's quarterly revenue 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, equities analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

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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