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

NewEdge Wealth LLC raised its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 76.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in ADSK. Crossmark Global Holdings Inc. increased its stake in shares of Autodesk by 17.9% in the fourth quarter. Crossmark Global Holdings Inc. now owns 39,755 shares of the software company’s stock worth $11,768,000 after purchasing an additional 6,033 shares in the last quarter. Ethic Inc. boosted its position in shares of Autodesk by 6.2% in the fourth quarter. Ethic Inc. now owns 29,116 shares of the software company’s stock valued at $8,618,000 after acquiring an additional 1,688 shares during the period. Ballentine Partners LLC boosted its position in shares of Autodesk by 3.1% in the fourth quarter. Ballentine Partners LLC now owns 5,516 shares of the software company’s stock valued at $1,633,000 after acquiring an additional 165 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC boosted its position in shares of Autodesk by 8.5% in the fourth quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 692 shares of the software company’s stock valued at $205,000 after acquiring an additional 54 shares during the period. Finally, MGO One Seven LLC lifted its position in Autodesk by 137.1% during the fourth quarter. MGO One Seven LLC now owns 6,406 shares of the software company’s stock valued at $1,896,000 after purchasing an additional 3,704 shares during the last quarter. 90.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ADSK shares. Oppenheimer dropped their target price on shares of Autodesk from $375.00 to $325.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. BMO Capital Markets lowered their price target on shares of Autodesk from $343.00 to $279.00 and set a “market perform” rating for the company in a report on Monday, March 2nd. Royal Bank Of Canada reduced their price objective on shares of Autodesk from $340.00 to $335.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. Robert W. Baird reduced their price objective on shares of Autodesk from $355.00 to $312.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Autodesk in a research report on Wednesday, March 18th. Three equities research 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. According to data from MarketBeat.com, Autodesk presently has a consensus rating of “Moderate Buy” and a consensus price target of $333.61.

Autodesk Trading Down 0.5%

Shares of Autodesk stock opened at $234.87 on Wednesday. The company’s fifty day simple moving average is $242.51 and its 200-day simple moving average is $266.06. The stock 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. Autodesk, Inc. has a 1-year low of $214.10 and a 1-year high of $329.09. 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 (NASDAQ:ADSK) last released its earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share (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 company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same period in the prior year, the firm 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. As a group, equities analysts anticipate that Autodesk, Inc. will post 9.35 earnings per share for the current year.

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.