M&T Bank Corp Raises Holdings in Autodesk, Inc. $ADSK

Key Points

• M&T Bank Corp raised its stake in Autodesk by 186.5% in Q4, now owning 54,987 shares worth about $16.28 million after buying an additional 35,791 shares.
• Several large institutional investors (Wellington, First Trust, Two Sigma, Rakuten, Massachusetts Financial Services) also significantly increased positions, leaving institutions owning about 90.24% of Autodesk's stock.
• Autodesk beat Q earnings and revenue expectations and set FY2027 EPS guidance of 12.29–12.56, while analysts have trimmed price targets but maintain a consensus rating of "Moderate Buy" with an average target of $335.93 versus the recent share price near $232.00.

M&T Bank Corp lifted its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 186.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,987 shares of the software company's stock after buying an additional 35,791 shares during the quarter. M&T Bank Corp's holdings in Autodesk were worth $16,277,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Rakuten Investment Management Inc. purchased a new stake in Autodesk during the third quarter worth $268,649,000. Wellington Management Group LLP boosted its holdings in Autodesk by 326.9% during the third quarter. Wellington Management Group LLP now owns 918,010 shares of the software company's stock worth $291,624,000 after buying an additional 702,974 shares in the last quarter. First Trust Advisors LP boosted its holdings in Autodesk by 197.1% during the third quarter. First Trust Advisors LP now owns 910,768 shares of the software company's stock worth $289,324,000 after buying an additional 604,235 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Autodesk by 18.9% during 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. Finally, Two Sigma Investments LP boosted its holdings in Autodesk by 51,159.6% during the third quarter. Two Sigma Investments LP now owns 512,596 shares of the software company's stock worth $162,836,000 after buying an additional 511,596 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ADSK. Wells Fargo & Company lowered 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 lowered 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. UBS Group lowered their price target on Autodesk from $400.00 to $290.00 and set a "buy" rating on the stock in a research report on Monday, February 23rd. Loop Capital lowered their price target on Autodesk from $320.00 to $250.00 and set a "hold" rating on the stock in a research report on Thursday, February 19th. Finally, Royal Bank Of Canada lowered their price target on Autodesk from $340.00 to $335.00 and set an "outperform" rating on the stock in a research report on Friday, February 27th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $335.93.

Autodesk Stock Performance

ADSK opened at $231.98 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.82. The company has a market cap of $48.95 billion, a price-to-earnings ratio of 44.27, a PEG ratio of 1.64 and a beta of 1.43. Autodesk, Inc. has a 52-week low of $214.10 and a 52-week high of $329.09. The firm's fifty day simple moving average is $240.07 and its two-hundred day simple moving average is $271.90.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The software company reported $2.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $0.21. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.91 billion. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The company's revenue was up 19.4% compared to the same quarter last year. During the same period last year, the firm posted $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. Equities analysts anticipate that Autodesk, Inc. will post 9.35 earnings per share 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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