WBI Investments LLC Takes Position in Autodesk, Inc. $ADSK

WBI Investments LLC bought a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,660 shares of the software company’s stock, valued at approximately $1,480,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ADSK. Patron Partners LLC lifted its position in Autodesk by 0.8% during the 3rd quarter. Patron Partners LLC now owns 4,295 shares of the software company’s stock worth $1,364,000 after acquiring an additional 35 shares during the period. Fulton Bank N.A. raised its stake in shares of Autodesk by 4.6% during the third quarter. Fulton Bank N.A. now owns 812 shares of the software company’s stock worth $258,000 after purchasing an additional 36 shares during the last quarter. Catalyst Financial Partners LLC raised its stake in shares of Autodesk by 3.8% during the third quarter. Catalyst Financial Partners LLC now owns 1,023 shares of the software company’s stock worth $325,000 after purchasing an additional 37 shares during the last quarter. Beacon Financial Group lifted its holdings in shares of Autodesk by 3.4% during the third quarter. Beacon Financial Group now owns 1,168 shares of the software company’s stock worth $371,000 after purchasing an additional 38 shares during the period. Finally, Sky Investment Group LLC grew its position in Autodesk by 0.5% in the 3rd quarter. Sky Investment Group LLC now owns 7,998 shares of the software company’s stock valued at $2,541,000 after buying an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $252.92 on Wednesday. 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 one year low of $215.01 and a one year high of $329.09. The firm has a market capitalization of $53.37 billion, a P/E ratio of 48.27, a PEG ratio of 1.65 and a beta of 1.45. The company’s fifty day moving average is $250.99 and its two-hundred day moving average is $287.00.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share (EPS) 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 business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter last year, the firm posted $2.29 EPS. The business’s revenue was up 19.4% compared to the same quarter last year. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. Analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Analysts Set New Price Targets

ADSK has been the topic of several recent research reports. HSBC dropped their price objective 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. UBS Group lowered their target price on shares of Autodesk from $400.00 to $290.00 and set a “buy” rating on the stock in a report on Monday, February 23rd. Morgan Stanley dropped their price target on shares of Autodesk from $385.00 to $350.00 and set an “overweight” rating on the stock in a research note on Monday, February 23rd. Stifel Nicolaus cut their price target on shares of Autodesk from $375.00 to $285.00 and set a “buy” rating for the company in a report on Monday, February 23rd. Finally, Robert W. Baird raised their price objective on shares of Autodesk from $367.00 to $377.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and a consensus price target of $342.96.

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.