Fisher Asset Management LLC Buys 2,107 Shares of Autodesk, Inc. $ADSK

Fisher Asset Management LLC boosted its stake in Autodesk, Inc. (NASDAQ:ADSK) by 0.3% in the fourth quarter, HoldingsChannel reports. The firm owned 761,009 shares of the software company’s stock after acquiring an additional 2,107 shares during the period. Fisher Asset Management LLC’s holdings in Autodesk were worth $225,266,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Choate Investment Advisors grew its position in Autodesk by 22.8% in the 4th quarter. Choate Investment Advisors now owns 3,307 shares of the software company’s stock worth $979,000 after purchasing an additional 614 shares during the period. Clearstead Advisors LLC boosted its stake in shares of Autodesk by 22.3% during the 4th quarter. Clearstead Advisors LLC now owns 2,701 shares of the software company’s stock worth $800,000 after acquiring an additional 493 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Autodesk by 3.5% during the 4th quarter. Legal & General Group Plc now owns 2,089,026 shares of the software company’s stock worth $618,373,000 after acquiring an additional 69,668 shares during the last quarter. Main Street Research LLC boosted its stake in shares of Autodesk by 1.5% during the 4th quarter. Main Street Research LLC now owns 14,291 shares of the software company’s stock worth $4,230,000 after acquiring an additional 217 shares during the last quarter. Finally, Simplify Asset Management Inc. boosted its stake in shares of Autodesk by 32.3% during the 4th quarter. Simplify Asset Management Inc. now owns 1,148 shares of the software company’s stock worth $340,000 after acquiring an additional 280 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

ADSK opened at $240.99 on Tuesday. 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 $214.10 and a fifty-two week high of $329.09. The firm’s fifty day moving average is $239.61 and its 200 day moving average is $261.86. The stock has a market cap of $50.89 billion, a price-to-earnings ratio of 45.99, a price-to-earnings-growth ratio of 1.55 and a beta of 1.32.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share for the quarter, beating analysts’ consensus estimates of $2.64 by $0.21. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter in the previous year, the company earned $2.29 EPS. Autodesk’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. On average, sell-side analysts forecast that Autodesk, Inc. will post 9.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ADSK has been the topic of several analyst reports. Wells Fargo & Company dropped their price target on shares of Autodesk from $365.00 to $350.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. Stifel Nicolaus dropped their price target on shares of Autodesk from $375.00 to $285.00 and set a “buy” rating on the stock in a research note on Monday, February 23rd. Citigroup reiterated a “neutral” rating and set a $246.00 price target (down from $331.00) on shares of Autodesk in a research note on Friday, April 10th. Loop Capital dropped their price target on shares of Autodesk from $320.00 to $250.00 and set a “hold” rating on the stock in a research note on Thursday, February 19th. Finally, Barclays dropped their price target on shares of Autodesk from $315.00 to $300.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 13th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $332.21.

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.