Ossiam Grows Stake in Autodesk, Inc. $ADSK

Key Points

• Ossiam increased its stake in Autodesk by 2.9% during Q3 to 144,791 shares—about 0.07% of Autodesk and roughly $46.0 million—making ADSK ~0.6% of Ossiam’s portfolio and its 26th-largest holding.
• Autodesk beat quarterly estimates, reporting $2.85 EPS vs. $2.64 expected and $1.96B revenue vs. $1.91B, with revenue up 19.4% year-over-year and FY2027 EPS guidance of 12.290–12.560 (Q1 guidance 2.820–2.860).
• High institutional ownership and analyst view: about 90.24% of shares are held by institutions, the company has a ~$53B market cap (PE ~47.9), and analysts' consensus is a "Moderate Buy" with an average target price of $341.96.

Ossiam boosted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 2.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 144,791 shares of the software company's stock after acquiring an additional 4,094 shares during the quarter. Autodesk comprises about 0.6% of Ossiam's investment portfolio, making the stock its 26th biggest position. Ossiam owned 0.07% of Autodesk worth $45,996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ADSK. Proffitt & Goodson Inc. bought a new stake in Autodesk in the third quarter worth $27,000. Heartwood Wealth Advisors LLC purchased a new position in Autodesk during the third quarter worth $28,000. Tripletail Wealth Management LLC bought a new position in Autodesk during the third quarter valued at $29,000. Financial Consulate Inc. purchased a new stake in shares of Autodesk in the third quarter valued at $32,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Autodesk in the second quarter valued at $34,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Trading Up 0.5%

NASDAQ ADSK opened at $251.17 on Friday. The stock has a market cap of $53.00 billion, a PE ratio of 47.93, a PEG ratio of 1.65 and a beta of 1.45. Autodesk, Inc. has a 12 month low of $215.01 and a 12 month high of $329.09. The company's 50-day moving average price is $252.57 and its 200-day moving average price is $287.66. 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 data on Thursday, February 26th. The software company reported $2.85 earnings per share for the quarter, beating analysts' consensus estimates of $2.64 by $0.21. The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.91 billion. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The firm's revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter 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. Equities research analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Morgan Stanley lowered their target price on shares of Autodesk from $385.00 to $350.00 and set an "overweight" rating for the company in a report on Monday, February 23rd. Argus raised shares of Autodesk to a "strong-buy" rating in a research report on Friday, March 6th. Oppenheimer decreased their price objective 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 boosted their target price on Autodesk from $430.00 to $460.00 and gave the company a "buy" rating in a research report on Thursday, December 11th. Finally, Macquarie Infrastructure upped their target price on Autodesk from $380.00 to $400.00 and gave the company an "outperform" rating in a research note on Wednesday, November 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, Autodesk presently has an average rating of "Moderate Buy" and an average target price of $341.96.

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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