Swiss Life Asset Management Ltd Has $18.95 Million Holdings in Autodesk, Inc. $ADSK

Swiss Life Asset Management Ltd lessened its stake in Autodesk, Inc. (NASDAQ:ADSK) by 21.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,032 shares of the software company’s stock after selling 17,462 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Autodesk were worth $18,954,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Autodesk by 12.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,180 shares of the software company’s stock valued at $48,661,000 after buying an additional 17,358 shares during the period. OFI Invest Asset Management boosted its holdings in shares of Autodesk by 246.4% in the fourth quarter. OFI Invest Asset Management now owns 52,649 shares of the software company’s stock valued at $15,585,000 after buying an additional 37,449 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Autodesk by 18.7% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 130,669 shares of the software company’s stock valued at $41,510,000 after buying an additional 20,543 shares during the period. Pacific Heights Asset Management LLC boosted its holdings in shares of Autodesk by 26.9% in the third quarter. Pacific Heights Asset Management LLC now owns 85,000 shares of the software company’s stock valued at $27,002,000 after buying an additional 18,000 shares during the period. Finally, Freemont Management S.A. acquired a new position in shares of Autodesk in the third quarter valued at approximately $4,765,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Performance

Shares of ADSK stock opened at $236.07 on Tuesday. The company’s fifty day simple moving average is $242.73 and its 200-day simple moving average is $266.57. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.82. The firm has a market cap of $49.85 billion, a PE ratio of 45.05, a P/E/G ratio of 1.62 and a beta of 1.32. Autodesk, Inc. has a 12 month low of $214.10 and a 12 month high of $329.09.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, February 26th. The software company reported $2.85 EPS for the quarter, topping analysts’ consensus estimates of $2.64 by $0.21. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the previous year, the firm posted $2.29 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts expect that Autodesk, Inc. will post 9.35 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ADSK shares. Argus upgraded shares of Autodesk to a “strong-buy” rating in a report on Friday, March 6th. Stifel Nicolaus cut their price objective on shares of Autodesk from $375.00 to $285.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. Piper Sandler reissued an “overweight” rating and issued a $383.00 price objective (up from $373.00) on shares of Autodesk in a research report on Monday, March 2nd. BMO Capital Markets cut their price objective on shares of Autodesk from $343.00 to $279.00 and set a “market perform” rating on the stock in a research report on Monday, March 2nd. Finally, 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. Three analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $335.93.

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.