Third View Private Wealth LLC Makes New Investment in Autodesk, Inc. $ADSK

Key Points

• Third View Private Wealth LLC bought a new stake of 23,045 shares in Autodesk valued at about $6.82 million, representing roughly 0.9% of its portfolio and making ADSK its 24th-largest holding; institutional investors own 90.24% of the stock.
• Autodesk beat quarterly estimates with $2.85 EPS versus $2.64 expected and revenue of $1.96 billion (up 19.4% YoY), and issued FY2027 guidance of EPS 12.29–12.56 (Q1 2.82–2.86).
• Sell-side sentiment is positive with a consensus “Moderate Buy” rating and an average price target of $339.67, comprised of 2 Strong Buy, 21 Buy and 6 Hold ratings.

Third View Private Wealth LLC purchased a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 23,045 shares of the software company's stock, valued at approximately $6,822,000. Autodesk comprises approximately 0.9% of Third View Private Wealth LLC's portfolio, making the stock its 24th biggest position.

Other large investors have also recently modified their holdings of the company. Measured Wealth Private Client Group LLC bought a new stake in shares of Autodesk during the 3rd quarter valued at about $25,000. Proffitt & Goodson Inc. bought a new stake in shares of Autodesk during the 3rd quarter valued at about $27,000. Heartwood Wealth Advisors LLC bought a new stake in shares of Autodesk during the 3rd quarter valued at about $28,000. Tripletail Wealth Management LLC bought a new stake in shares of Autodesk during the 3rd quarter valued at about $29,000. Finally, Financial Consulate Inc. bought a new stake in shares of Autodesk during the 3rd quarter valued at about $32,000. Institutional investors own 90.24% of the company's stock.

Autodesk Trading Up 4.0%

Shares of ADSK stock opened at $227.14 on Tuesday. The stock has a market capitalization of $47.93 billion, a PE ratio of 43.35, a P/E/G ratio of 1.45 and a beta of 1.43. Autodesk, Inc. has a 1-year low of $214.10 and a 1-year high of $329.09. The business has a 50-day moving average of $239.70 and a 200 day moving average of $275.69. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.85.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share 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 analysts' expectations of $1.91 billion. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.Autodesk's quarterly revenue was up 19.4% compared to the same quarter last year. During the same period in the prior 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. As a group, sell-side analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on ADSK shares. Royal Bank Of Canada dropped their price target on Autodesk from $340.00 to $335.00 and set an "outperform" rating for the company in a research report on Friday, February 27th. Morgan Stanley reiterated an "overweight" rating on shares of Autodesk in a research report on Wednesday, March 18th. Argus upgraded Autodesk to a "strong-buy" rating in a research report on Friday, March 6th. Piper Sandler reiterated an "overweight" rating and set a $383.00 price target (up from $373.00) on shares of Autodesk in a research report on Monday, March 2nd. Finally, DA Davidson reduced their price objective on Autodesk from $375.00 to $325.00 and set a "buy" rating on the stock in a research report on Friday, February 27th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $339.67.

Autodesk 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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