Pacific Heights Asset Management LLC Purchases 10,000 Shares of Autodesk, Inc. $ADSK

Pacific Heights Asset Management LLC boosted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 11.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 95,000 shares of the software company’s stock after buying an additional 10,000 shares during the quarter. Autodesk makes up about 1.1% of Pacific Heights Asset Management LLC’s holdings, making the stock its 27th biggest holding. Pacific Heights Asset Management LLC’s holdings in Autodesk were worth $28,121,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Patron Partners LLC raised its holdings in Autodesk by 0.8% during the 3rd quarter. Patron Partners LLC now owns 4,295 shares of the software company’s stock valued at $1,364,000 after buying an additional 35 shares during the last quarter. Catalyst Financial Partners LLC raised its holdings in Autodesk by 3.8% during the 3rd quarter. Catalyst Financial Partners LLC now owns 1,023 shares of the software company’s stock valued at $325,000 after buying an additional 37 shares during the last quarter. Piscataqua Savings Bank raised its holdings in Autodesk by 33.3% during the 4th quarter. Piscataqua Savings Bank now owns 160 shares of the software company’s stock valued at $47,000 after buying an additional 40 shares during the last quarter. Moss Adams Wealth Advisors LLC raised its holdings in Autodesk by 1.0% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 4,267 shares of the software company’s stock valued at $1,263,000 after buying an additional 41 shares during the last quarter. Finally, Keybank National Association OH raised its holdings in Autodesk by 0.8% during the 3rd quarter. Keybank National Association OH now owns 5,403 shares of the software company’s stock valued at $1,716,000 after buying an additional 42 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Oppenheimer lowered their price target on shares of Autodesk from $375.00 to $325.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. Robert W. Baird lowered their price target on shares of Autodesk from $355.00 to $312.00 and set an “outperform” rating for the company in a report on Friday, April 17th. 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. UBS Group decreased their price objective on shares of Autodesk from $400.00 to $290.00 and set a “buy” rating for the company in a report on Monday, February 23rd. Finally, Loop Capital decreased their price objective on shares of Autodesk from $320.00 to $250.00 and set a “hold” rating for the company in a report on Thursday, February 19th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $333.07.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $236.62 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.82. Autodesk, Inc. has a 12 month low of $214.10 and a 12 month high of $329.09. The firm has a market capitalization of $49.96 billion, a PE ratio of 45.16, a price-to-earnings-growth ratio of 1.53 and a beta of 1.32. The firm has a fifty day simple moving average of $241.37 and a two-hundred day simple moving average of $264.40.

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 in the prior year, the business earned $2.29 EPS. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. Equities analysts expect that Autodesk, Inc. will post 9.35 earnings per share for the current year.

About Autodesk

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.