Autodesk, Inc. $ADSK Shares Purchased by OFI Invest Asset Management

OFI Invest Asset Management raised its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 246.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 52,649 shares of the software company’s stock after purchasing an additional 37,449 shares during the period. OFI Invest Asset Management’s holdings in Autodesk were worth $15,585,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ADSK. Measured Wealth Private Client Group LLC acquired a new position in Autodesk during the third quarter worth approximately $25,000. Proffitt & Goodson Inc. acquired a new position in Autodesk during the third quarter worth approximately $27,000. Heartwood Wealth Advisors LLC purchased a new stake in Autodesk during the third quarter worth approximately $28,000. Tripletail Wealth Management LLC purchased a new stake in Autodesk during the third quarter worth approximately $29,000. Finally, Financial Consulate Inc. purchased a new stake in Autodesk during the third quarter worth approximately $32,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of ADSK stock opened at $240.65 on Thursday. The company has a market capitalization of $50.78 billion, a PE ratio of 45.93, a price-to-earnings-growth ratio of 1.58 and a beta of 1.43. The firm has a fifty day simple moving average of $241.57 and a 200-day simple moving average of $278.11. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.82. Autodesk, Inc. has a twelve month low of $215.01 and a twelve month high of $329.09.

Autodesk (NASDAQ:ADSK) last announced its 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. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.91 billion. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The business’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.29 earnings per share. 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 anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on ADSK. Weiss Ratings reiterated a “hold (c+)” rating on shares of Autodesk in a research note on Wednesday, January 21st. Loop Capital decreased their price objective on shares of Autodesk from $320.00 to $250.00 and set a “hold” rating for the company in a research note on Thursday, February 19th. Wells Fargo & Company decreased their price objective on shares of Autodesk from $365.00 to $350.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. KeyCorp reiterated an “overweight” rating on shares of Autodesk in a research note on Tuesday, December 16th. Finally, Rosenblatt Securities decreased their target price on shares of Autodesk from $375.00 to $330.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $342.81.

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.