Oak Thistle LLC Buys 6,057 Shares of Autodesk, Inc. $ADSK

Key Points

• Oak Thistle LLC boosted its stake in Autodesk by 359.7% in Q4, buying 6,057 shares to own 7,741 shares worth about $2.29 million, and institutional investors collectively own roughly 90.24% of the stock.
• Autodesk beat Q4 estimates with EPS of $2.85 (vs. $2.64 expected) and revenue of $1.96 billion (up 19.4% YoY), and issued FY2027 EPS guidance of 12.29–12.56 and Q1 guidance of 2.82–2.86.
• Analysts have a consensus rating of Moderate Buy and a $342.81 consensus price target, though recent firm targets vary widely (about $290 to $456) amid several upgrades and downgrades.

Oak Thistle LLC grew its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 359.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,741 shares of the software company's stock after purchasing an additional 6,057 shares during the period. Oak Thistle LLC's holdings in Autodesk were worth $2,291,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Rakuten Investment Management Inc. purchased a new stake in shares of Autodesk in the third quarter worth approximately $268,649,000. Wellington Management Group LLP raised its holdings in shares of Autodesk by 326.9% in 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 during the period. First Trust Advisors LP raised its holdings in shares of Autodesk by 197.1% in 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 during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of 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 during the period. Finally, Two Sigma Investments LP raised its holdings in shares of Autodesk by 51,159.6% in 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 during the period. 90.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on ADSK. Wolfe Research raised their price objective on Autodesk from $330.00 to $350.00 and gave the stock an "outperform" rating in a report on Friday, February 27th. UBS Group reduced their price objective on Autodesk from $400.00 to $290.00 and set a "buy" rating on the stock in a report on Monday, February 23rd. JPMorgan Chase & Co. raised their price objective on Autodesk from $319.00 to $336.00 and gave the stock an "overweight" rating in a report on Friday, February 27th. DA Davidson reduced their price objective on Autodesk from $375.00 to $325.00 and set a "buy" rating on the stock in a report on Friday, February 27th. Finally, Arete Research reduced their price objective on Autodesk from $460.00 to $456.00 and set a "buy" rating on the stock in a report on Thursday, March 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $342.81.

Autodesk Trading Down 1.2%

Shares of NASDAQ:ADSK opened at $234.96 on Wednesday. Autodesk, Inc. has a 12-month low of $215.01 and a 12-month high of $329.09. The business's fifty day simple moving average is $242.12 and its 200-day simple moving average is $278.38. The company has a market capitalization of $49.58 billion, a PE ratio of 44.84, a P/E/G ratio of 1.58 and a beta of 1.43. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.82.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.64 by $0.21. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period last year, the business posted $2.29 EPS. The business's 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, equities research analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Autodesk Company 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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