Neuberger Berman Group LLC Acquires 22,428 Shares of Autodesk, Inc. $ADSK

Neuberger Berman Group LLC grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 19.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 140,402 shares of the software company’s stock after acquiring an additional 22,428 shares during the quarter. Neuberger Berman Group LLC owned 0.07% of Autodesk worth $44,601,000 at the end of the most recent quarter.

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

Autodesk Trading Down 1.2%

NASDAQ ADSK opened at $260.99 on Friday. Autodesk, Inc. has a fifty-two week low of $215.01 and a fifty-two week high of $329.09. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.82 and a current ratio of 0.85. The stock has a 50 day simple moving average of $256.81 and a two-hundred day simple moving average of $288.85. The stock has a market cap of $55.07 billion, a P/E ratio of 49.81, a price-to-earnings-growth ratio of 1.75 and a beta of 1.45.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $0.21. The firm 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 business’s revenue was up 19.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.29 earnings per share. 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 5.76 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ADSK shares. Morgan Stanley decreased their price target on Autodesk from $385.00 to $350.00 and set an “overweight” rating on the stock in a research note on Monday, February 23rd. Royal Bank Of Canada dropped their price objective on Autodesk from $340.00 to $335.00 and set an “outperform” rating for the company in a research note on Friday, February 27th. JPMorgan Chase & Co. raised their target price on shares of Autodesk from $319.00 to $336.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. HSBC decreased their target price on shares of Autodesk from $388.00 to $379.00 and set a “buy” rating on the stock in a research note on Friday, November 28th. Finally, Rothschild & Co Redburn set a $375.00 price target on shares of Autodesk in a research report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $341.96.

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.