Pacific Heights Asset Management LLC Grows Holdings in Autodesk, Inc. $ADSK

Pacific Heights Asset Management LLC lifted its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 11.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 95,000 shares of the software company’s stock after acquiring an additional 10,000 shares during the quarter. Autodesk makes up approximately 1.1% of Pacific Heights Asset Management LLC’s investment portfolio, making the stock its 27th biggest position. Pacific Heights Asset Management LLC’s holdings in Autodesk were worth $28,121,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. grew its position in Autodesk by 44,345.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,280,515 shares of the software company’s stock valued at $675,055,000 after purchasing an additional 2,275,384 shares during the last quarter. Rakuten Investment Management Inc. purchased a new stake in Autodesk during the 3rd quarter valued at about $268,649,000. Wellington Management Group LLP grew its position in Autodesk by 326.9% during the 3rd quarter. Wellington Management Group LLP now owns 918,010 shares of the software company’s stock valued at $291,624,000 after purchasing an additional 702,974 shares during the last quarter. First Trust Advisors LP grew its position in Autodesk by 197.1% during the 3rd quarter. First Trust Advisors LP now owns 910,768 shares of the software company’s stock valued at $289,324,000 after purchasing an additional 604,235 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in Autodesk by 18.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,544,520 shares of the software company’s stock valued at $1,125,988,000 after purchasing an additional 564,136 shares during the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Price Performance

ADSK opened at $236.62 on Monday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $49.96 billion, a P/E ratio of 45.16, a P/E/G ratio of 1.53 and a beta of 1.32. The company’s 50-day simple moving average is $241.37 and its two-hundred day simple moving average is $264.40. Autodesk, Inc. has a 52-week low of $214.10 and a 52-week high of $329.09.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share (EPS) for the quarter, beating the consensus estimate 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 revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.29 EPS. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. As a group, analysts predict that Autodesk, Inc. will post 9.35 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on ADSK shares. Loop Capital cut their price objective on shares of Autodesk from $320.00 to $250.00 and set a “hold” rating on the stock in a research report on Thursday, February 19th. Argus raised shares of Autodesk to a “strong-buy” rating in a research report on Friday, March 6th. Wells Fargo & Company cut 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. Piper Sandler reissued an “overweight” rating and set a $383.00 price objective (up from $373.00) on shares of Autodesk 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. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $333.07.

Autodesk 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.