HF Advisory Group LLC Buys 87,413 Shares of Autodesk, Inc. $ADSK

HF Advisory Group LLC raised its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2,368.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 91,103 shares of the software company’s stock after buying an additional 87,413 shares during the quarter. Autodesk comprises 1.0% of HF Advisory Group LLC’s portfolio, making the stock its 16th biggest position. HF Advisory Group LLC’s holdings in Autodesk were worth $26,967,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of ADSK. Crew Capital Management Ltd grew its holdings in Autodesk by 8.7% during the fourth quarter. Crew Capital Management Ltd now owns 3,325 shares of the software company’s stock valued at $984,000 after purchasing an additional 266 shares during the period. Piscataqua Savings Bank grew its holdings in shares of Autodesk by 33.3% in the 4th quarter. Piscataqua Savings Bank now owns 160 shares of the software company’s stock valued at $47,000 after buying an additional 40 shares during the period. Bank Pictet & Cie Europe AG increased its position in shares of Autodesk by 6.0% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 5,037 shares of the software company’s stock valued at $1,491,000 after buying an additional 287 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in Autodesk by 131.9% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,816 shares of the software company’s stock worth $538,000 after buying an additional 1,033 shares during the period. Finally, Lodestone Wealth Management LLC bought a new position in Autodesk during the fourth quarter worth about $55,000. 90.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ADSK. Wells Fargo & Company dropped their price target on Autodesk from $365.00 to $350.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. Oppenheimer reduced their price target on shares of Autodesk from $375.00 to $325.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. Loop Capital lowered their price objective on shares of Autodesk from $320.00 to $250.00 and set a “hold” rating for the company in a research report on Thursday, February 19th. UBS Group cut their price objective on shares of Autodesk from $400.00 to $290.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. Finally, Rosenblatt Securities lowered their target price on Autodesk from $375.00 to $330.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $342.81.

Autodesk Stock Down 0.6%

Shares of ADSK stock opened at $237.87 on Thursday. The firm’s fifty day moving average price is $244.75 and its two-hundred day moving average price is $281.02. 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, Inc. has a 1 year low of $215.01 and a 1 year high of $329.09. The firm has a market capitalization of $50.19 billion, a P/E ratio of 45.40, a PEG ratio of 1.59 and a beta of 1.43.

Autodesk (NASDAQ:ADSK) last released its 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 quarter in the previous year, the business earned $2.29 earnings per share. Autodesk’s quarterly revenue was up 19.4% on a year-over-year basis. 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 analysts predict that Autodesk, Inc. will post 5.76 EPS 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.