Horizon Investments LLC Has $4.60 Million Stock Position in Autodesk, Inc. $ADSK

Key Points

• Horizon Investments LLC trimmed its stake in Autodesk by 34.4%, selling 8,154 shares in Q4 and finishing the quarter with 15,544 shares worth $4.60 million.
• Autodesk beat Q4 estimates with $2.85 EPS vs. $2.64 expected and revenue of $1.96 billion (up 19.4% YoY), and set FY2027 EPS guidance of 12.290–12.560 and Q1 2027 guidance of 2.820–2.860.
• Several analysts cut price targets recently, but the consensus rating remains a "Moderate Buy" with an average target of about $335.93.

Horizon Investments LLC trimmed its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 34.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,544 shares of the software company's stock after selling 8,154 shares during the quarter. Horizon Investments LLC's holdings in Autodesk were worth $4,601,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ADSK. Torren Management LLC purchased a new stake in shares of Autodesk in the fourth quarter worth approximately $25,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Autodesk in the third quarter worth approximately $25,000. Archer Investment Corp lifted its position in shares of Autodesk by 112.2% in the fourth quarter. Archer Investment Corp now owns 87 shares of the software company's stock worth $26,000 after purchasing an additional 46 shares in the last quarter. Proffitt & Goodson Inc. purchased a new stake in shares of Autodesk in the third quarter worth approximately $27,000. Finally, Financial Consulate Inc. purchased a new stake in shares of Autodesk in the third quarter worth approximately $32,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Royal Bank Of Canada reduced their price target on shares of Autodesk from $340.00 to $335.00 and set an "outperform" rating for the company in a research report on Friday, February 27th. DA Davidson reduced their price target on shares of Autodesk from $375.00 to $325.00 and set a "buy" rating for the company in a research report on Friday, February 27th. Stifel Nicolaus reduced their price target on shares of Autodesk from $375.00 to $285.00 and set a "buy" rating for the company in a research report on Monday, February 23rd. Oppenheimer reduced their price target on shares of Autodesk from $375.00 to $325.00 and set an "outperform" rating for the company in a research report on Tuesday, February 24th. Finally, Rothschild & Co Redburn set a $375.00 price target on shares of Autodesk in a research report on Friday, January 9th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Autodesk has an average rating of "Moderate Buy" and a consensus target price of $335.93.

Autodesk Price Performance

Shares of ADSK opened at $244.35 on Monday. The firm has a market cap of $51.64 billion, a PE ratio of 46.63, a PEG ratio of 1.62 and a beta of 1.32. The firm's 50 day moving average price is $240.74 and its 200 day moving average price is $268.71. 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 twelve month low of $214.10 and a twelve month high of $329.09.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The software company reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.64 by $0.21. The firm 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%. The company's revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter last year, the firm earned $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, research analysts expect that Autodesk, Inc. will post 9.35 EPS for the current fiscal year.

About Autodesk

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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