QRG Capital Management Inc. Acquires 3,234 Shares of Autodesk, Inc. $ADSK

QRG Capital Management Inc. boosted its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 23.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,809 shares of the software company’s stock after buying an additional 3,234 shares during the period. QRG Capital Management Inc.’s holdings in Autodesk were worth $4,976,000 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 the stock. Torren Management LLC purchased a new stake in Autodesk during the 4th quarter worth about $25,000. Measured Wealth Private Client Group LLC purchased a new position in Autodesk during the 3rd quarter valued at about $25,000. Archer Investment Corp increased its position in shares of Autodesk by 112.2% during the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after buying an additional 46 shares during the period. High Point Wealth Management LLC purchased a new stake in shares of Autodesk in the fourth quarter worth about $44,000. Finally, iSAM Funds UK Ltd purchased a new stake in shares of Autodesk in the third quarter worth about $46,000. 90.24% of the stock is owned by institutional investors.

Autodesk Stock Down 2.6%

Shares of ADSK opened at $242.95 on Thursday. 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. The stock has a 50 day simple moving average of $241.68 and a two-hundred day simple moving average of $267.91. The firm has a market cap of $51.34 billion, a P/E ratio of 46.36, a P/E/G ratio of 1.65 and a beta of 1.32.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, February 26th. The software company reported $2.85 earnings per share for the quarter, topping analysts’ consensus estimates of $2.64 by $0.21. The firm had revenue of $1.96 billion during 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 quarterly revenue was up 19.4% on a year-over-year basis. During the same period in the previous 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. On average, analysts forecast that Autodesk, Inc. will post 9.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ADSK has been the subject of several research analyst reports. Rothschild & Co Redburn set a $375.00 price objective on Autodesk in a research note on Friday, January 9th. DA Davidson lowered their target price on shares of Autodesk from $375.00 to $325.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Rosenblatt Securities dropped their target price on shares of Autodesk from $375.00 to $330.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of Autodesk in a report on Wednesday, January 21st. Finally, Citigroup restated a “neutral” rating and set a $246.00 price objective (down from $331.00) on shares of Autodesk in a research report on Friday, April 10th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Autodesk presently has a consensus rating of “Moderate Buy” and a consensus price target of $335.93.

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.