Cumberland Partners Ltd Increases Position in Autodesk, Inc. $ADSK

Cumberland Partners Ltd increased its stake in Autodesk, Inc. (NASDAQ:ADSK) by 65.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 25,646 shares of the software company’s stock after acquiring an additional 10,164 shares during the quarter. Cumberland Partners Ltd’s holdings in Autodesk were worth $7,591,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Patron Partners LLC increased its holdings in shares of Autodesk by 0.8% in the 3rd quarter. Patron Partners LLC now owns 4,295 shares of the software company’s stock valued at $1,364,000 after purchasing an additional 35 shares in the last quarter. Catalyst Financial Partners LLC increased its holdings in shares of Autodesk by 3.8% in the 3rd quarter. Catalyst Financial Partners LLC now owns 1,023 shares of the software company’s stock valued at $325,000 after purchasing an additional 37 shares in the last quarter. Piscataqua Savings Bank increased its holdings in shares of Autodesk by 33.3% in the 4th quarter. Piscataqua Savings Bank now owns 160 shares of the software company’s stock valued at $47,000 after purchasing an additional 40 shares in the last quarter. Moss Adams Wealth Advisors LLC increased its holdings in shares of Autodesk by 1.0% in the 4th quarter. Moss Adams Wealth Advisors LLC now owns 4,267 shares of the software company’s stock valued at $1,263,000 after purchasing an additional 41 shares in the last quarter. Finally, Keybank National Association OH increased its holdings in shares of Autodesk by 0.8% in the 3rd quarter. Keybank National Association OH now owns 5,403 shares of the software company’s stock valued at $1,716,000 after purchasing an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ADSK shares. Deutsche Bank Aktiengesellschaft cut their price target on shares of Autodesk from $375.00 to $330.00 and set a “buy” rating for the company in a report on Monday, March 2nd. UBS Group dropped their target price on shares of Autodesk from $400.00 to $290.00 and set a “buy” rating for the company in a report on Monday, February 23rd. Wells Fargo & Company dropped their target price on shares of Autodesk from $365.00 to $350.00 and set an “overweight” rating for the company in a report on Friday, February 27th. Arete Research dropped their target price on shares of Autodesk from $460.00 to $456.00 and set a “buy” rating for the company in a report on Thursday, March 26th. Finally, Barclays dropped their target price on shares of Autodesk from $315.00 to $300.00 and set an “overweight” rating for the company in a report on Wednesday, May 13th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Autodesk currently has an average rating of “Moderate Buy” and a consensus price target of $332.21.

Autodesk Stock Performance

NASDAQ:ADSK opened at $240.99 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 firm has a 50-day moving average price of $239.79 and a two-hundred day moving average price of $262.57. Autodesk, Inc. has a twelve month low of $214.10 and a twelve month high of $329.09. The company has a market capitalization of $50.89 billion, a P/E ratio of 45.99, a price-to-earnings-growth ratio of 1.55 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 for the quarter, beating the consensus estimate of $2.64 by $0.21. The firm 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 firm’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period last year, the firm 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, research analysts expect that Autodesk, Inc. will post 9.35 earnings per share for the current fiscal year.

Key Autodesk News

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Wall Street still expects Autodesk to deliver earnings growth in its upcoming Q1 report, and analysts say the company has the combination of factors that could support an earnings beat. Autodesk (ADSK) Reports Next Week: Wall Street Expects Earnings Growth
• Positive Sentiment: Brokerage sentiment remains constructive, with Autodesk receiving an average recommendation of “Moderate Buy,” which can help support the stock heading into earnings. Autodesk, Inc. (NASDAQ:ADSK) Receives Average Recommendation of “Moderate Buy” from Brokerages
• Positive Sentiment: Investor interest remains supported by bullish coverage that argues Autodesk is positioned to benefit from demand for engineering optimization software. Autodesk: Primed To Monetize The Elastic Demand For Engineering Optimization
• Neutral Sentiment: Recent articles focused on analyst estimates and key metric projections suggest investors are waiting for confirmation on revenue, margins, and other operating trends before re-rating the stock. Gear Up for Autodesk (ADSK) Q1 Earnings: Wall Street Estimates for Key Metrics
• Neutral Sentiment: Autodesk also drew attention from Michael Burry, who reportedly maintained a position in the stock, adding to the name’s visibility but not changing near-term fundamentals. Autodesk Inc. (ADSK): Michael Burry Likes This Stock
• Negative Sentiment: KeyCorp cut its price target on Autodesk from $365 to $341, which may have added some pressure even though the firm kept an overweight rating. Autodesk price target lowered by KeyCorp
• Negative Sentiment: Autodesk has recently lagged the broader market, and one recent article noted the stock fell despite market gains, reinforcing a cautious short-term tone. Autodesk (ADSK) Stock Drops Despite Market Gains: Important Facts to Note

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.