VIRGINIA RETIREMENT SYSTEMS ET Al Buys 43,720 Shares of Autodesk, Inc. $ADSK

VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 71.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 104,720 shares of the software company’s stock after acquiring an additional 43,720 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Autodesk were worth $30,998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of ADSK. Torren Management LLC bought a new stake in Autodesk during the 4th quarter valued at $25,000. Measured Wealth Private Client Group LLC bought a new stake in Autodesk during the 3rd quarter valued at $25,000. Archer Investment Corp raised its holdings in Autodesk by 112.2% during the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after acquiring an additional 46 shares during the period. High Point Wealth Management LLC bought a new stake in Autodesk during the 4th quarter valued at $44,000. Finally, iSAM Funds UK Ltd bought a new stake in Autodesk during the 3rd quarter valued at $46,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Down 0.5%

NASDAQ ADSK opened at $234.87 on Wednesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.85. Autodesk, Inc. has a 1 year low of $214.10 and a 1 year high of $329.09. The business’s 50-day moving average is $242.51 and its 200 day moving average is $266.06. The stock has a market capitalization of $49.59 billion, a PE ratio of 44.82, a PEG ratio of 1.56 and a beta of 1.32.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, February 26th. The software company reported $2.85 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $1.91 billion. During the same period last year, the business posted $2.29 earnings per share. Autodesk’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. Sell-side analysts forecast that Autodesk, Inc. will post 9.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ADSK shares. Rosenblatt Securities decreased their price target on shares of Autodesk from $375.00 to $330.00 and set a “buy” rating on the stock in a report on Tuesday, February 24th. Piper Sandler reissued an “overweight” rating and issued a $383.00 target price (up from $373.00) on shares of Autodesk in a research note on Monday, March 2nd. Oppenheimer reduced their price objective on Autodesk from $375.00 to $325.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 24th. JPMorgan Chase & Co. increased their price objective on Autodesk from $319.00 to $336.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Finally, BTIG Research cut their target price on Autodesk from $365.00 to $300.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $333.61.

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.