Wealthfront Advisers LLC Boosts Stock Position in Autodesk, Inc. $ADSK

Wealthfront Advisers LLC boosted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 20.7% during the third quarter, Holdings Channel reports. The firm owned 17,800 shares of the software company’s stock after acquiring an additional 3,051 shares during the quarter. Wealthfront Advisers LLC’s holdings in Autodesk were worth $5,655,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ADSK. Bridgewater Advisors Inc. grew its position in shares of Autodesk by 2.2% in the 2nd quarter. Bridgewater Advisors Inc. now owns 1,567 shares of the software company’s stock worth $474,000 after buying an additional 34 shares during the last quarter. Clarity Wealth Advisors LLC lifted its stake in Autodesk by 2.3% in the second quarter. Clarity Wealth Advisors LLC now owns 1,535 shares of the software company’s stock worth $475,000 after acquiring an additional 35 shares during the period. Patron Partners LLC boosted its holdings in Autodesk by 0.8% in the third quarter. Patron Partners LLC now owns 4,295 shares of the software company’s stock valued at $1,364,000 after acquiring an additional 35 shares in the last quarter. Fulton Bank N.A. increased its position in Autodesk by 4.6% during the 3rd quarter. Fulton Bank N.A. now owns 812 shares of the software company’s stock valued at $258,000 after purchasing an additional 36 shares during the period. Finally, Wedbush Securities Inc. raised its holdings in Autodesk by 2.6% in the 2nd quarter. Wedbush Securities Inc. now owns 1,484 shares of the software company’s stock worth $459,000 after purchasing an additional 37 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Analysts Set New Price Targets

ADSK has been the topic of a number of research reports. KeyCorp reaffirmed an “overweight” rating on shares of Autodesk in a research note on Tuesday, December 16th. Citigroup lifted their price objective on Autodesk from $370.00 to $382.00 and gave the company a “buy” rating in a research report on Friday, November 28th. UBS Group reissued a “buy” rating and issued a $400.00 target price on shares of Autodesk in a research report on Wednesday, November 26th. JPMorgan Chase & Co. upgraded Autodesk from a “neutral” rating to an “overweight” rating and set a $319.00 target price for the company in a research note on Monday, February 2nd. Finally, Wolfe Research reduced their price target on Autodesk from $390.00 to $330.00 and set an “outperform” rating on the stock in a research note on Monday, February 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Autodesk presently has a consensus rating of “Moderate Buy” and an average price target of $367.61.

Autodesk Stock Down 3.9%

ADSK stock opened at $223.49 on Friday. The business has a 50 day moving average of $276.45 and a 200 day moving average of $295.27. The firm has a market cap of $47.38 billion, a PE ratio of 43.31, a price-to-earnings-growth ratio of 1.62 and a beta of 1.45. Autodesk, Inc. has a twelve month low of $216.01 and a twelve month high of $329.09. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.86.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Tuesday, November 25th. The software company reported $2.67 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.17. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.81 billion. Autodesk had a return on equity of 52.06% and a net margin of 16.09%.The company’s revenue was up 18.0% on a year-over-year basis. During the same period last year, the company earned $2.17 earnings per share. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS and its Q4 2026 guidance at 2.590-2.67 EPS. On average, research analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

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.