Westview Management dba Westview Investment Advisors Makes New Investment in Autodesk, Inc. $ADSK

Westview Management dba Westview Investment Advisors purchased a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 7,854 shares of the software company’s stock, valued at approximately $2,325,000.

Several other institutional investors have also made changes to their positions in ADSK. Measured Wealth Private Client Group LLC bought a new stake in shares of Autodesk in the 3rd quarter valued at approximately $25,000. Proffitt & Goodson Inc. bought a new position in Autodesk during the third quarter valued at approximately $27,000. Heartwood Wealth Advisors LLC acquired a new stake in Autodesk in the third quarter valued at approximately $28,000. Tripletail Wealth Management LLC acquired a new stake in Autodesk in the third quarter valued at approximately $29,000. Finally, Financial Consulate Inc. bought a new stake in Autodesk in the third quarter worth approximately $32,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Stock Performance

Shares of NASDAQ ADSK opened at $247.99 on Monday. 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 business’s 50 day moving average is $248.94 and its two-hundred day moving average is $285.54. The company has a market cap of $52.33 billion, a P/E ratio of 47.33, a P/E/G ratio of 1.64 and a beta of 1.45. Autodesk, Inc. has a 12 month low of $215.01 and a 12 month 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 the consensus estimate of $2.64 by $0.21. The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.Autodesk’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the prior year, the business earned $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.

Analyst Ratings Changes

A number of research firms have recently weighed in on ADSK. Citigroup raised their price target on shares of Autodesk from $315.00 to $331.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. The Goldman Sachs Group upped their price objective on shares of Autodesk from $320.00 to $330.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Piper Sandler reissued an “overweight” rating and set a $383.00 target price (up from $373.00) on shares of Autodesk in a research report on Monday, March 2nd. Oppenheimer cut their target price on Autodesk from $375.00 to $325.00 and set an “outperform” rating on the stock in a report on Tuesday, February 24th. Finally, Arete Research boosted their price target on Autodesk from $430.00 to $460.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Two investment 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 MarketBeat.com, Autodesk currently has an average rating of “Moderate Buy” and a consensus target price of $342.96.

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.