Exchange Traded Concepts LLC Raises Stock Holdings in Autodesk, Inc. $ADSK

Exchange Traded Concepts LLC lifted its stake in Autodesk, Inc. (NASDAQ:ADSK) by 13.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 92,115 shares of the software company’s stock after buying an additional 10,923 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Autodesk were worth $27,267,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ADSK. KeyCorp reaffirmed an “overweight” rating on shares of Autodesk in a research note on Tuesday, December 16th. Oppenheimer decreased their target price on Autodesk from $375.00 to $325.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 24th. Rothschild & Co Redburn set a $375.00 price target on Autodesk in a report on Friday, January 9th. Piper Sandler restated an “overweight” rating and issued a $383.00 price target (up from $373.00) on shares of Autodesk in a research note on Monday, March 2nd. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Autodesk in a report on Wednesday, March 18th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $342.81.

Autodesk Trading Down 4.2%

Shares of ADSK stock opened at $229.84 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $48.50 billion, a price-to-earnings ratio of 43.86, a price-to-earnings-growth ratio of 1.59 and a beta of 1.45. Autodesk, Inc. has a 12-month low of $215.01 and a 12-month high of $329.09. The stock’s 50-day moving average price is $246.03 and its 200-day moving average price is $283.09.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share for the quarter, beating 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 business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter last year, the business posted $2.29 EPS. 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. Equities research analysts predict 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.