NewEdge Wealth LLC Acquires 4,319 Shares of Autodesk, Inc. $ADSK

NewEdge Wealth LLC lifted its position in Autodesk, Inc. (NASDAQ:ADSK) by 76.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 9,993 shares of the software company’s stock after buying an additional 4,319 shares during the period. NewEdge Wealth LLC’s holdings in Autodesk were worth $2,958,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in ADSK. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Autodesk by 12.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,180 shares of the software company’s stock worth $48,661,000 after acquiring an additional 17,358 shares during the last quarter. OFI Invest Asset Management boosted its position in 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 last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its position in 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 last quarter. Pacific Heights Asset Management LLC boosted its position in Autodesk by 26.9% in the 3rd quarter. Pacific Heights Asset Management LLC now owns 85,000 shares of the software company’s stock worth $27,002,000 after purchasing an additional 18,000 shares in the last quarter. Finally, Freemont Management S.A. purchased a new stake in Autodesk in the 3rd quarter worth approximately $4,765,000. 90.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Autodesk in a research note on Wednesday, January 21st. Zacks Research upgraded Autodesk from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Loop Capital dropped their target price on Autodesk from $320.00 to $250.00 and set a “hold” rating for the company in a report on Thursday, February 19th. BMO Capital Markets lowered their price target on Autodesk from $343.00 to $279.00 and set a “market perform” rating for the company in a report on Monday, March 2nd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Autodesk in a report on Wednesday, March 18th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and a consensus target price of $333.61.

Autodesk Trading Down 0.5%

NASDAQ:ADSK opened at $234.87 on Wednesday. The stock’s 50 day moving average price is $242.51 and its 200 day moving average price is $266.06. The company has a market capitalization of $49.59 billion, a PE ratio of 44.82, a P/E/G ratio of 1.56 and a beta of 1.32. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.82. Autodesk, Inc. has a 52-week low of $214.10 and a 52-week high of $329.09.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter last year, the business posted $2.29 EPS. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. 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, research analysts anticipate that Autodesk, Inc. will post 9.35 EPS for the current year.

Autodesk Company 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.