Autodesk, Inc. $ADSK is DE Burlo Group Inc.’s 3rd Largest Position

DE Burlo Group Inc. boosted its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 47.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 115,163 shares of the software company’s stock after purchasing an additional 37,160 shares during the period. Autodesk comprises 4.4% of DE Burlo Group Inc.’s holdings, making the stock its 3rd largest position. DE Burlo Group Inc. owned approximately 0.05% of Autodesk worth $36,584,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ADSK. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Autodesk by 12.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,180 shares of the software company’s stock worth $48,661,000 after purchasing an additional 17,358 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its stake in Autodesk by 18.7% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 130,669 shares of the software company’s stock valued at $41,510,000 after purchasing an additional 20,543 shares during the last quarter. Pacific Heights Asset Management LLC grew its holdings in Autodesk by 26.9% during the third quarter. Pacific Heights Asset Management LLC now owns 85,000 shares of the software company’s stock valued at $27,002,000 after purchasing an additional 18,000 shares during the period. Freemont Management S.A. purchased a new stake in Autodesk in the third quarter worth $4,765,000. Finally, Renaissance Group LLC purchased a new stake in Autodesk in the third quarter worth $33,789,000. Institutional investors own 90.24% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on ADSK shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Autodesk in a research report on Wednesday, January 21st. JPMorgan Chase & Co. lifted their price objective on Autodesk from $319.00 to $336.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Robert W. Baird boosted their price objective on Autodesk from $367.00 to $377.00 and gave the company an “outperform” rating in a research note on Wednesday, November 26th. BTIG Research dropped their price objective on shares of Autodesk from $365.00 to $300.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Finally, Wolfe Research increased their target price on shares of Autodesk from $330.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Two 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $341.96.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $253.85 on Wednesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.85 and a current ratio of 0.85. Autodesk, Inc. has a fifty-two week low of $215.01 and a fifty-two week high of $329.09. The stock has a market cap of $53.56 billion, a PE ratio of 48.44, a price-to-earnings-growth ratio of 1.73 and a beta of 1.45. The stock has a fifty day moving average of $255.09 and a 200-day moving average of $288.41.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, February 26th. The software company reported $2.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.64 by $0.21. The business had revenue of $1.96 billion for 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%.The firm’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.29 EPS. 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 research analysts anticipate that Autodesk, Inc. will post 5.76 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.