Pictet Asset Management Holding SA Reduces Holdings in Autodesk, Inc. $ADSK

Pictet Asset Management Holding SA reduced its stake in Autodesk, Inc. (NASDAQ:ADSKFree Report) by 7.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,166,988 shares of the software company’s stock after selling 94,320 shares during the period. Pictet Asset Management Holding SA’s holdings in Autodesk were worth $345,440,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of ADSK. Patron Partners LLC raised its holdings in shares of Autodesk by 0.8% in the third quarter. Patron Partners LLC now owns 4,295 shares of the software company’s stock worth $1,364,000 after buying an additional 35 shares during the last quarter. Fulton Bank N.A. lifted 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 buying an additional 36 shares during the period. Catalyst Financial Partners LLC raised its stake in Autodesk by 3.8% in the 3rd quarter. Catalyst Financial Partners LLC now owns 1,023 shares of the software company’s stock worth $325,000 after acquiring an additional 37 shares during the last quarter. Piscataqua Savings Bank increased its holdings in shares of Autodesk by 33.3% in the fourth quarter. Piscataqua Savings Bank now owns 160 shares of the software company’s stock valued at $47,000 after purchasing an additional 40 shares during the period. Finally, Moss Adams Wealth Advisors LLC increased its holdings in Autodesk by 1.0% in the 4th quarter. Moss Adams Wealth Advisors LLC now owns 4,267 shares of the software company’s stock worth $1,263,000 after buying an additional 41 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analyst Ratings Changes

ADSK has been the subject of a number of research reports. Wells Fargo & Company decreased their target price on shares of Autodesk from $365.00 to $350.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. Morgan Stanley reiterated an “overweight” rating on shares of Autodesk in a research report on Wednesday, March 18th. Rosenblatt Securities cut their price objective on Autodesk from $375.00 to $330.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. Deutsche Bank Aktiengesellschaft decreased their target price on Autodesk from $375.00 to $330.00 and set a “buy” rating on the stock in a research report on Monday, March 2nd. Finally, Argus raised shares of Autodesk to a “strong-buy” rating in a research note on Friday, March 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $335.93.

Check Out Our Latest Stock Report on Autodesk

Key Headlines Impacting Autodesk

Here are the key news stories impacting Autodesk this week:

Autodesk Price Performance

Shares of ADSK stock opened at $237.44 on Monday. The firm’s 50-day moving average is $240.19 and its two-hundred day moving average is $270.72. Autodesk, Inc. has a 12 month low of $214.10 and a 12 month 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 company has a market capitalization of $50.10 billion, a PE ratio of 45.31, a price-to-earnings-growth ratio of 1.57 and a beta of 1.43.

Autodesk (NASDAQ:ADSKGet Free Report) last issued its quarterly earnings data on Thursday, February 26th. The software company reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.64 by $0.21. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same period in the prior year, the business posted $2.29 earnings per share. The firm’s revenue for the quarter 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 predict that Autodesk, Inc. will post 9.35 earnings per share for the current year.

Autodesk Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding ADSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autodesk, Inc. (NASDAQ:ADSKFree Report).

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

Receive News & Ratings for Autodesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk and related companies with MarketBeat.com's FREE daily email newsletter.