Munich Reinsurance Co Stock Corp in Munich lowered its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 32.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 18,309 shares of the software company's stock after selling 8,949 shares during the period. Munich Reinsurance Co Stock Corp in Munich's holdings in Autodesk were worth $5,484,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Autodesk by 2.2% during the third quarter. Vanguard Group Inc. now owns 21,414,239 shares of the software company's stock worth $6,802,661,000 after buying an additional 450,724 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake 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 during the last quarter. Amundi raised its stake in Autodesk by 3.0% during the third quarter. Amundi now owns 2,726,105 shares of the software company's stock worth $881,704,000 after buying an additional 79,171 shares during the last quarter. Northern Trust Corp raised its stake in Autodesk by 0.4% during the third quarter. Northern Trust Corp now owns 2,517,683 shares of the software company's stock worth $799,792,000 after buying an additional 10,169 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in Autodesk by 4.1% during the third quarter. Legal & General Group Plc now owns 2,019,358 shares of the software company's stock worth $641,489,000 after buying an additional 80,246 shares during the last quarter. Institutional investors own 90.24% of the company's stock.
Autodesk Stock Performance
Shares of ADSK opened at $237.44 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a 50-day moving average of $240.19 and a 200-day moving average of $271.30. The company has a market cap of $50.10 billion, a PE ratio of 45.31, a P/E/G ratio of 1.54 and a beta of 1.43. Autodesk, Inc. has a one year low of $214.10 and a one year high of $329.09.
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, beating the consensus estimate of $2.64 by $0.21. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.91 billion. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.The firm's revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period last year, the business posted $2.29 EPS. 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 research analysts predict that Autodesk, Inc. will post 9.35 EPS for the current fiscal year.
Key Headlines Impacting Autodesk
Here are the key news stories impacting Autodesk this week:
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the stock. Oppenheimer lowered their target price on shares of Autodesk from $375.00 to $325.00 and set an "outperform" rating for the company in a research note on Tuesday, February 24th. Arete Research lowered their target price on shares of Autodesk from $460.00 to $456.00 and set a "buy" rating for the company in a research note on Thursday, March 26th. Stifel Nicolaus lowered their target price on shares of Autodesk from $375.00 to $285.00 and set a "buy" rating for the company in a research note on Monday, February 23rd. Barclays lifted their target price on shares of Autodesk from $300.00 to $315.00 and gave the stock an "overweight" rating in a research note on Friday, February 27th. Finally, Zacks Research raised shares of Autodesk from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 15th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Autodesk presently has an average rating of "Moderate Buy" and an average price target of $335.93.
Read Our Latest Analysis on ADSK
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.
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