Autodesk, Inc. $ADSK Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lifted its position in Autodesk, Inc. (NASDAQ:ADSK) by 44,345.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,280,515 shares of the software company’s stock after acquiring an additional 2,275,384 shares during the period. Northwestern Mutual Wealth Management Co. owned 1.08% of Autodesk worth $675,055,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Torren Management LLC acquired a new position in shares of Autodesk in the 4th quarter valued at $25,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Autodesk in the 3rd quarter valued at $25,000. Archer Investment Corp increased its position in shares of 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 acquiring an additional 46 shares during the period. High Point Wealth Management LLC acquired a new position in shares of Autodesk in the 4th quarter valued at $44,000. Finally, iSAM Funds UK Ltd purchased a new stake in Autodesk in the third quarter valued at $46,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Jefferies Financial Group assumed coverage on shares of Autodesk in a report on Wednesday, April 15th. They issued a “buy” rating and a $300.00 price target on the stock. BTIG Research lowered their price target on shares of Autodesk from $365.00 to $300.00 and set a “buy” rating on the stock in a report on Friday, February 27th. DA Davidson lowered their price target on shares of Autodesk from $375.00 to $325.00 and set a “buy” rating on the stock in a report on Friday, February 27th. UBS Group lowered their price target 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. Finally, Wolfe Research upped their price target on shares of Autodesk from $330.00 to $350.00 and gave the company an “outperform” rating in a 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 assigned a Hold rating to the company’s stock. According to MarketBeat.com, Autodesk presently has a consensus rating of “Moderate Buy” and a consensus target price of $333.07.

Autodesk Trading Up 1.2%

ADSK stock opened at $236.62 on Friday. The company’s 50-day simple moving average is $241.37 and its 200-day simple moving average is $264.75. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.82. Autodesk, Inc. has a 52-week low of $214.10 and a 52-week high of $329.09. The firm has a market cap of $49.96 billion, a P/E ratio of 45.16, a PEG ratio of 1.51 and a beta of 1.32.

Autodesk (NASDAQ:ADSK) last posted its 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. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.91 billion. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.29 EPS. 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 forecast that Autodesk, Inc. will post 9.35 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.