Entropy Technologies LP Has $6.01 Million Stock Holdings in Autodesk, Inc. $ADSK

Entropy Technologies LP lifted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 1,350.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 20,302 shares of the software company’s stock after buying an additional 18,902 shares during the quarter. Entropy Technologies LP’s holdings in Autodesk were worth $6,010,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ADSK. Norges Bank acquired a new stake in shares of Autodesk during the 4th quarter worth about $867,480,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of 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 worth $675,055,000 after buying an additional 2,275,384 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Autodesk by 46.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,989,372 shares of the software company’s stock worth $884,884,000 after buying an additional 952,343 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Autodesk by 326.9% during the 3rd quarter. Wellington Management Group LLP now owns 918,010 shares of the software company’s stock worth $291,624,000 after buying an additional 702,974 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of Autodesk by 197.1% during the 3rd quarter. First Trust Advisors LP now owns 910,768 shares of the software company’s stock worth $289,324,000 after buying an additional 604,235 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Price Performance

NASDAQ:ADSK opened at $198.43 on Friday. Autodesk, Inc. has a 52 week low of $194.47 and a 52 week high of $329.09. The firm has a market cap of $41.87 billion, a price-to-earnings ratio of 28.93, a P/E/G ratio of 1.22 and a beta of 1.29. The firm’s 50-day simple moving average is $235.55 and its 200 day simple moving average is $255.52. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 0.83.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.15. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same period last year, the firm earned $2.29 earnings per share. Autodesk’s revenue for the quarter was up 18.4% compared to the same quarter last year. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. As a group, sell-side analysts predict that Autodesk, Inc. will post 9.64 earnings per share for the current year.

Insider Activity at Autodesk

In related news, Director Stacy J. Smith purchased 3,435 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were bought at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the completion of the transaction, the director owned 26,517 shares of the company’s stock, valued at approximately $6,129,934.89. This trade represents a 14.88% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ADSK. Robert W. Baird cut their target price on shares of Autodesk from $355.00 to $312.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Piper Sandler cut their target price on shares of Autodesk from $383.00 to $369.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Stifel Nicolaus cut their target price on shares of Autodesk from $375.00 to $285.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. Deutsche Bank Aktiengesellschaft cut their target price on shares of Autodesk from $375.00 to $330.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. Finally, UBS Group restated a “buy” rating on shares of Autodesk in a research note on Friday, May 29th. Two 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.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $327.21.

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.