Ossiam Grows Stake in Autodesk, Inc. $ADSK

Ossiam raised its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2.9% in the third quarter, HoldingsChannel reports. The firm owned 144,791 shares of the software company’s stock after acquiring an additional 4,094 shares during the period. Autodesk comprises about 0.6% of Ossiam’s investment portfolio, making the stock its 26th largest holding. Ossiam’s holdings in Autodesk were worth $45,996,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Proffitt & Goodson Inc. purchased a new position in shares of Autodesk during the third quarter valued at $27,000. Heartwood Wealth Advisors LLC bought a new position in Autodesk during the 3rd quarter worth about $28,000. Tripletail Wealth Management LLC bought a new position in Autodesk during the 3rd quarter worth about $29,000. Financial Consulate Inc. bought a new position in Autodesk during the 3rd quarter worth about $32,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in Autodesk during the 2nd quarter valued at about $34,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ADSK. Rothschild & Co Redburn set a $375.00 price target on shares of Autodesk in a report on Friday, January 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Autodesk in a report on Wednesday, January 21st. Citigroup boosted their price objective on shares of Autodesk from $315.00 to $331.00 and gave the stock a “buy” rating in a research note on Tuesday, March 3rd. Oppenheimer lowered their target price on Autodesk from $375.00 to $325.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. Finally, Morgan Stanley cut their price target on Autodesk from $385.00 to $350.00 and set an “overweight” rating on the stock in a report on Monday, February 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Autodesk currently has a consensus rating of “Moderate Buy” and a consensus price target of $341.96.

Autodesk Trading Up 0.5%

Autodesk stock opened at $251.17 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market cap of $53.00 billion, a PE ratio of 47.93, a price-to-earnings-growth ratio of 1.65 and a beta of 1.45. The stock has a 50-day moving average of $252.57 and a two-hundred day moving average of $287.66. Autodesk, Inc. has a one year low of $215.01 and a one year high of $329.09.

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 analysts’ consensus estimates of $2.64 by $0.21. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the previous year, the firm earned $2.29 earnings per share. The company’s revenue 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, research analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Autodesk 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.