Autodesk, Inc. $ADSK Shares Bought by OFI Invest Asset Management

OFI Invest Asset Management boosted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 246.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,649 shares of the software company’s stock after purchasing an additional 37,449 shares during the period. OFI Invest Asset Management’s holdings in Autodesk were worth $15,585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Patron Partners LLC boosted its holdings in Autodesk by 0.8% during the third quarter. Patron Partners LLC now owns 4,295 shares of the software company’s stock worth $1,364,000 after buying an additional 35 shares in the last quarter. Fulton Bank N.A. boosted its holdings in Autodesk by 4.6% during the third quarter. Fulton Bank N.A. now owns 812 shares of the software company’s stock worth $258,000 after buying an additional 36 shares in the last quarter. Catalyst Financial Partners LLC boosted its holdings in Autodesk by 3.8% during the third quarter. Catalyst Financial Partners LLC now owns 1,023 shares of the software company’s stock worth $325,000 after buying an additional 37 shares in the last quarter. Beacon Financial Group boosted its holdings in Autodesk by 3.4% during the third quarter. Beacon Financial Group now owns 1,168 shares of the software company’s stock worth $371,000 after buying an additional 38 shares in the last quarter. Finally, Sky Investment Group LLC boosted its holdings in Autodesk by 0.5% during the third quarter. Sky Investment Group LLC now owns 7,998 shares of the software company’s stock worth $2,541,000 after buying an additional 40 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Stock Performance

NASDAQ:ADSK opened at $240.65 on Thursday. The firm has a 50 day simple moving average of $241.57 and a 200-day simple moving average of $278.11. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $50.78 billion, a PE ratio of 45.93, a P/E/G ratio of 1.58 and a beta of 1.43. Autodesk, Inc. has a 1-year low of $215.01 and a 1-year high of $329.09.

Autodesk (NASDAQ:ADSK) last posted 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 business 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 company’s revenue was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $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, equities analysts expect that Autodesk, Inc. will post 5.76 EPS for the current year.

Analysts Set New Price Targets

ADSK has been the topic of several recent research reports. BTIG Research reduced their price target on shares of Autodesk from $365.00 to $300.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Autodesk in a report on Wednesday, January 21st. Argus raised shares of Autodesk to a “strong-buy” rating in a report on Friday, March 6th. Royal Bank Of Canada reduced their price target on shares of Autodesk from $340.00 to $335.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. Finally, Loop Capital reduced their price target on shares of Autodesk from $320.00 to $250.00 and set a “hold” rating on the stock in a report on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $342.81.

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.