J. Safra Sarasin Holding AG Lowers Stock Holdings in Autodesk, Inc. $ADSK

Key Points

• J. Safra Sarasin Holding AG cut its position in Autodesk by 64.2% in Q4, selling 75,763 shares and leaving 42,287 shares valued at $12,517,000.
• Autodesk beat Q4 estimates (EPS $2.85 vs. $2.64 consensus; revenue $1.96B vs. $1.91B), provided FY2027 and Q1 guidance, and retains an overall analyst consensus of "Moderate Buy" with an average target of $342.81.
• Institutional ownership remains high at 90.24%, with major funds like Vanguard, State Street and MFS increasing stakes despite the J. Safra Sarasin reduction.

J. Safra Sarasin Holding AG lowered its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 64.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,287 shares of the software company's stock after selling 75,763 shares during the period. J. Safra Sarasin Holding AG's holdings in Autodesk were worth $12,517,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Autodesk by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 21,414,239 shares of the software company's stock valued at $6,802,661,000 after buying an additional 450,724 shares in the last quarter. State Street Corp boosted its stake in Autodesk by 1.8% in the second quarter. State Street Corp now owns 10,086,995 shares of the software company's stock worth $3,122,631,000 after buying an additional 174,247 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Autodesk by 18.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,544,520 shares of the software company's stock worth $1,125,988,000 after buying an additional 564,136 shares in the last quarter. Amundi grew its position in Autodesk by 3.0% during the third quarter. Amundi now owns 2,726,105 shares of the software company's stock valued at $881,704,000 after acquiring an additional 79,171 shares during the last quarter. Finally, Northern Trust Corp grew its position in Autodesk by 0.4% during the third quarter. Northern Trust Corp now owns 2,517,683 shares of the software company's stock valued at $799,792,000 after acquiring an additional 10,169 shares during the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Stock Performance

NASDAQ:ADSK opened at $235.68 on Tuesday. 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 fifty-two week low of $215.01 and a fifty-two week high of $329.09. The firm has a market cap of $49.73 billion, a PE ratio of 44.98, a price-to-earnings-growth ratio of 1.52 and a beta of 1.45. The business has a 50 day moving average price of $245.43 and a 200-day moving average price of $281.88.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued 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 company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the previous year, the firm earned $2.29 earnings per share. The firm's revenue for the quarter was up 19.4% on a year-over-year basis. 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 predict that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ADSK. UBS Group lowered their price objective on shares of Autodesk from $400.00 to $290.00 and set a "buy" rating for the company in a report on Monday, February 23rd. Barclays increased their target price on shares of Autodesk from $300.00 to $315.00 and gave the company an "overweight" rating in a report on Friday, February 27th. Citigroup lifted their target price on shares of Autodesk from $315.00 to $331.00 and gave the stock a "buy" rating in a research report on Tuesday, March 3rd. Morgan Stanley reissued an "overweight" rating on shares of Autodesk in a research note on Wednesday, March 18th. Finally, Royal Bank Of Canada cut 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. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $342.81.

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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