10,342 Shares in Autodesk, Inc. $ADSK Purchased by Everstar Asset Management LLC

Everstar Asset Management LLC bought a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 10,342 shares of the software company’s stock, valued at approximately $3,061,000. Autodesk accounts for about 1.5% of Everstar Asset Management LLC’s holdings, making the stock its 11th largest holding.

Several other hedge funds and other institutional investors have also modified their holdings of ADSK. Measured Wealth Private Client Group LLC bought a new stake in Autodesk in the 3rd quarter valued at $25,000. Torren Management LLC bought a new stake in Autodesk in the 4th quarter valued at $25,000. Archer Investment Corp boosted its holdings in Autodesk by 112.2% in the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after purchasing an additional 46 shares during the period. iSAM Funds UK Ltd acquired a new position in shares of Autodesk during the 3rd quarter worth approximately $46,000. Finally, High Point Wealth Management LLC acquired a new position in shares of Autodesk during the 4th quarter worth approximately $44,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $236.62 on Friday. The firm has a 50 day simple moving average of $241.37 and a 200 day simple moving average of $264.75. The company has a market cap of $49.96 billion, a price-to-earnings ratio of 45.16, a PEG ratio of 1.51 and a beta of 1.32. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.85. Autodesk, Inc. has a one year low of $214.10 and a one year 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, topping the consensus estimate of $2.64 by $0.21. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the prior year, the business earned $2.29 earnings per share. The company’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. Research analysts predict that Autodesk, Inc. will post 9.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on ADSK. Oppenheimer decreased their target price on shares of Autodesk from $375.00 to $325.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Autodesk in a research note on Wednesday, January 21st. Piper Sandler reaffirmed 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. Stifel Nicolaus dropped their target price on shares of Autodesk from $375.00 to $285.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. Finally, Royal Bank Of Canada dropped their target price on shares of Autodesk from $340.00 to $335.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $333.07.

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.