Goodman Advisory Group LLC Raises Holdings in Autodesk, Inc. $ADSK

Goodman Advisory Group LLC lifted its position in Autodesk, Inc. (NASDAQ:ADSK) by 41.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,394 shares of the software company’s stock after purchasing an additional 6,799 shares during the quarter. Autodesk comprises about 1.8% of Goodman Advisory Group LLC’s investment portfolio, making the stock its 20th biggest position. Goodman Advisory Group LLC’s holdings in Autodesk were worth $7,432,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Proffitt & Goodson Inc. bought a new position in Autodesk during the third quarter valued at approximately $27,000. Heartwood Wealth Advisors LLC purchased a new stake in shares of Autodesk during the 3rd quarter worth approximately $28,000. Tripletail Wealth Management LLC purchased a new stake in shares of Autodesk during the 3rd quarter worth approximately $29,000. Financial Consulate Inc. bought a new position in shares of Autodesk during the 3rd quarter valued at approximately $32,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in shares of Autodesk in the second quarter valued at $34,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ADSK shares. Robert W. Baird boosted their price target on shares of Autodesk from $367.00 to $377.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. DA Davidson lowered their price objective on shares of Autodesk from $375.00 to $325.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Morgan Stanley dropped their price objective on shares of Autodesk from $385.00 to $350.00 and set an “overweight” rating for the company in a research note on Monday, February 23rd. BTIG Research decreased their target price on shares of Autodesk from $365.00 to $300.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Finally, HSBC lowered their price target on shares of Autodesk from $388.00 to $379.00 and set a “buy” rating for the company in a report on Friday, November 28th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Autodesk has an average rating of “Moderate Buy” and an average price target of $341.96.

Autodesk Stock Down 1.2%

Shares of NASDAQ:ADSK opened at $260.99 on Friday. Autodesk, Inc. has a 1 year low of $215.01 and a 1 year high of $329.09. The business has a 50 day simple moving average of $256.81 and a two-hundred day simple moving average of $288.85. The firm has a market capitalization of $55.07 billion, a PE ratio of 49.81, a price-to-earnings-growth ratio of 1.73 and a beta of 1.45. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.82.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.64 by $0.21. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the prior year, the business posted $2.29 earnings per share. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. On average, equities analysts predict 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.