Nisa Investment Advisors LLC Decreases Holdings in Autodesk, Inc. $ADSK

Nisa Investment Advisors LLC decreased its position in Autodesk, Inc. (NASDAQ:ADSK) by 21.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,999 shares of the software company’s stock after selling 9,547 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Autodesk were worth $10,656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of ADSK. Harrell Investment Partners LLC lifted its holdings in shares of Autodesk by 1.3% in the 4th quarter. Harrell Investment Partners LLC now owns 6,108 shares of the software company’s stock worth $1,808,000 after acquiring an additional 79 shares during the last quarter. Mn Services Vermogensbeheer B.V. lifted its stake in Autodesk by 2.7% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 82,793 shares of the software company’s stock worth $24,508,000 after purchasing an additional 2,193 shares during the last quarter. Goelzer Investment Management Inc. bought a new stake in Autodesk in the fourth quarter worth $1,102,000. LVW Advisors LLC boosted its position in Autodesk by 12.3% during the fourth quarter. LVW Advisors LLC now owns 1,185 shares of the software company’s stock valued at $351,000 after buying an additional 130 shares during the period. Finally, Kaufman Rossin Wealth LLC boosted its position in Autodesk by 6.4% during the fourth quarter. Kaufman Rossin Wealth LLC now owns 1,626 shares of the software company’s stock valued at $481,000 after buying an additional 98 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

ADSK has been the topic of several analyst reports. Arete Research decreased their price objective on Autodesk from $460.00 to $456.00 and set a “buy” rating on the stock in a report on Thursday, March 26th. Royal Bank Of Canada dropped their target price on Autodesk from $340.00 to $335.00 and set an “outperform” rating for the company in a report on Friday, February 27th. BMO Capital Markets reduced their price target on Autodesk from $343.00 to $279.00 and set a “market perform” rating on the stock in a research report on Monday, March 2nd. Rothschild & Co Redburn set a $375.00 price target on Autodesk in a research note on Friday, January 9th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $383.00 price objective (up from $373.00) on shares of Autodesk in a research report on Monday, March 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $342.81.

Autodesk Stock Performance

Shares of NASDAQ:ADSK opened at $237.87 on Thursday. 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 company has a 50-day moving average price of $244.75 and a 200-day moving average price of $281.02. The company has a market cap of $50.19 billion, a price-to-earnings ratio of 45.40, a price-to-earnings-growth ratio of 1.59 and a beta of 1.43. Autodesk, Inc. has a 12 month low of $215.01 and a 12 month high of $329.09.

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 return on equity of 53.51% and a net margin of 15.60%.The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the previous year, the business earned $2.29 EPS. Autodesk’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. As a group, equities analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current 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.