DE Burlo Group Inc. Has $36.58 Million Position in Autodesk, Inc. $ADSK

DE Burlo Group Inc. grew its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 47.6% in the third quarter, Holdings Channel reports. The firm owned 115,163 shares of the software company’s stock after purchasing an additional 37,160 shares during the period. Autodesk comprises approximately 4.4% of DE Burlo Group Inc.’s holdings, making the stock its 3rd biggest position. DE Burlo Group Inc.’s holdings in Autodesk were worth $36,584,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Proffitt & Goodson Inc. bought a new stake in Autodesk during the third quarter valued at $27,000. Heartwood Wealth Advisors LLC bought a new position in Autodesk in the 3rd quarter worth about $28,000. Tripletail Wealth Management LLC purchased a new stake in shares of Autodesk in the 3rd quarter valued at about $29,000. Financial Consulate Inc. purchased a new stake in shares of Autodesk in the 3rd quarter valued at about $32,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Autodesk during the 2nd quarter valued at about $34,000. Institutional investors own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ADSK. Wells Fargo & Company decreased their price objective on shares of Autodesk from $365.00 to $350.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. Argus upgraded shares of Autodesk to a “strong-buy” rating in a research report on Friday, March 6th. JPMorgan Chase & Co. boosted their price target on shares of Autodesk from $319.00 to $336.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Rosenblatt Securities decreased their price target on shares of Autodesk from $375.00 to $330.00 and set a “buy” rating on the stock in a report on Tuesday, February 24th. Finally, Royal Bank Of Canada lowered their price objective on shares of Autodesk from $340.00 to $335.00 and set an “outperform” 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-three have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $341.96.

Autodesk Stock Performance

NASDAQ:ADSK opened at $253.85 on Wednesday. The company has a market capitalization of $53.56 billion, a price-to-earnings ratio of 48.44, a PEG ratio of 1.73 and a beta of 1.45. The business has a 50 day moving average of $255.09 and a 200 day moving average of $288.41. 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, Inc. has a 1-year low of $215.01 and a 1-year high of $329.09.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, February 26th. The software company reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.64 by $0.21. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The business’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period last year, the business earned $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. On average, sell-side analysts predict that Autodesk, Inc. will post 5.76 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.