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M&T Bank Corp Acquires 5,220 Shares of Autodesk, Inc. $ADSK

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Key Points

  • M&T Bank Corp raised its Autodesk stake by 27.2%, acquiring 5,220 shares to hold 24,416 shares valued at $7.227 million per its latest SEC filing.
  • Autodesk beat Q4 estimates with $2.85 EPS (vs. $2.64 expected) and $1.96 billion revenue (up 19.4% YoY), and issued FY2027 guidance of $12.29–$12.56 EPS and Q1 guidance of $2.82–$2.86.
  • The company completed the Rhumbix acquisition and launched "Autodesk for Small Business" to expand construction and SMB adoption, while analysts maintain a Moderate Buy consensus with an average price target of $335.93.
  • Five stocks we like better than Autodesk.

M&T Bank Corp raised its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 27.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,416 shares of the software company's stock after acquiring an additional 5,220 shares during the quarter. M&T Bank Corp's holdings in Autodesk were worth $7,227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of Autodesk by 14.5% in the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company's stock worth $343,000 after purchasing an additional 147 shares during the period. Sivia Capital Partners LLC increased its holdings in shares of Autodesk by 98.1% in the second quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company's stock worth $765,000 after purchasing an additional 1,224 shares during the period. Schnieders Capital Management LLC. bought a new position in shares of Autodesk in the second quarter worth $466,000. Baird Financial Group Inc. increased its holdings in shares of Autodesk by 7.5% in the second quarter. Baird Financial Group Inc. now owns 10,048 shares of the software company's stock worth $3,111,000 after purchasing an additional 701 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in shares of Autodesk by 25.3% in the second quarter. NewEdge Advisors LLC now owns 13,860 shares of the software company's stock worth $4,291,000 after purchasing an additional 2,795 shares during the period. Institutional investors own 90.24% of the company's stock.

Key Stories Impacting Autodesk

Here are the key news stories impacting Autodesk this week:

Analysts Set New Price Targets

ADSK has been the topic of several research analyst reports. Zacks Research raised shares of Autodesk from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 15th. Wells Fargo & Company decreased their price target on shares of Autodesk from $365.00 to $350.00 and set an "overweight" rating on the stock in a report on Friday, February 27th. Stifel Nicolaus decreased their price target on shares of Autodesk from $375.00 to $285.00 and set a "buy" rating on the stock in a report on Monday, February 23rd. BTIG Research decreased their price target on shares of Autodesk from $365.00 to $300.00 and set a "buy" rating on the stock in a report on Friday, February 27th. Finally, Argus raised shares of Autodesk to a "strong-buy" rating in a report on Friday, March 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $335.93.

Get Our Latest Research Report on Autodesk

Autodesk Stock Up 0.8%

Shares of NASDAQ:ADSK opened at $249.43 on Wednesday. Autodesk, Inc. has a 52-week low of $214.10 and a 52-week high of $329.09. The firm has a fifty day moving average of $241.19 and a 200 day moving average of $268.32. The firm has a market capitalization of $52.71 billion, a PE ratio of 47.60, a price-to-earnings-growth ratio of 1.64 and a beta of 1.32. 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 (NASDAQ:ADSK - Get Free Report) last announced its earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share (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 during the quarter, compared to analyst estimates of $1.91 billion. During the same period in the previous year, the business earned $2.29 earnings per share. The firm'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. As a group, research analysts anticipate that Autodesk, Inc. will post 9.35 EPS for the current fiscal year.

Autodesk Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding ADSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autodesk, Inc. (NASDAQ:ADSK - Free Report).

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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