Autodesk, Inc. $ADSK is Bridgefront Capital LLC’s 3rd Largest Position

Bridgefront Capital LLC lifted its stake in Autodesk, Inc. (NASDAQ:ADSK) by 76.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,674 shares of the software company’s stock after purchasing an additional 4,201 shares during the quarter. Autodesk comprises about 0.9% of Bridgefront Capital LLC’s holdings, making the stock its 3rd largest holding. Bridgefront Capital LLC’s holdings in Autodesk were worth $3,073,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ADSK. Brighton Jones LLC raised its holdings in shares of Autodesk by 14.5% during the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock worth $343,000 after acquiring an additional 147 shares during the period. Sivia Capital Partners LLC grew its holdings in shares of Autodesk by 98.1% in the second quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock valued at $765,000 after purchasing an additional 1,224 shares during the period. Schnieders Capital Management LLC. purchased a new stake in shares of Autodesk in the second quarter valued at about $466,000. Prospera Financial Services Inc acquired a new stake in Autodesk during the second quarter worth about $225,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Autodesk during the second quarter worth about $849,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on ADSK. The Goldman Sachs Group boosted their target price on shares of Autodesk from $320.00 to $330.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. Argus raised shares of Autodesk to a “strong-buy” rating in a research report on Friday, March 6th. JPMorgan Chase & Co. upped their price objective on Autodesk from $319.00 to $336.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Piper Sandler reiterated an “overweight” rating and issued a $383.00 price objective (up from $373.00) on shares of Autodesk in a research report on Monday, March 2nd. Finally, Wolfe Research raised their target price on Autodesk from $330.00 to $350.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and a consensus price target of $341.96.

Autodesk Price Performance

Shares of ADSK opened at $251.17 on Friday. Autodesk, Inc. has a 1-year low of $215.01 and a 1-year high of $329.09. The stock has a market cap of $53.00 billion, a PE ratio of 47.93, a P/E/G ratio of 1.66 and a beta of 1.45. The firm has a 50-day simple moving average of $252.57 and a two-hundred day simple moving average of $287.69. 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 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. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.91 billion. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The business’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 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. As a group, analysts forecast that Autodesk, Inc. will post 5.76 EPS 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.