HF Advisory Group LLC Purchases 87,413 Shares of Autodesk, Inc. $ADSK

HF Advisory Group LLC boosted its position in Autodesk, Inc. (NASDAQ:ADSK) by 2,368.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 91,103 shares of the software company’s stock after purchasing an additional 87,413 shares during the period. Autodesk comprises 1.0% of HF Advisory Group LLC’s holdings, making the stock its 16th largest position. HF Advisory Group LLC’s holdings in Autodesk were worth $26,967,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ADSK. Crew Capital Management Ltd increased its position in Autodesk by 8.7% during the fourth quarter. Crew Capital Management Ltd now owns 3,325 shares of the software company’s stock worth $984,000 after buying an additional 266 shares during the last quarter. Piscataqua Savings Bank lifted its position in shares of Autodesk by 33.3% in the fourth quarter. Piscataqua Savings Bank now owns 160 shares of the software company’s stock valued at $47,000 after buying an additional 40 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its stake in shares of Autodesk by 6.0% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 5,037 shares of the software company’s stock worth $1,491,000 after acquiring an additional 287 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of Autodesk by 131.9% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,816 shares of the software company’s stock worth $538,000 after acquiring an additional 1,033 shares during the last quarter. Finally, Lodestone Wealth Management LLC acquired a new position in shares of Autodesk during the 4th quarter worth approximately $55,000. Institutional investors own 90.24% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ADSK shares. BTIG Research cut their price target on Autodesk from $365.00 to $300.00 and set a “buy” rating for the company in a report on Friday, February 27th. Morgan Stanley reiterated an “overweight” rating on shares of Autodesk in a report on Wednesday, March 18th. Barclays raised their target price on shares of Autodesk from $300.00 to $315.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Royal Bank Of Canada reduced their target price on shares of Autodesk from $340.00 to $335.00 and set an “outperform” rating for the company in a report on Friday, February 27th. 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 research note on Friday, February 27th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $342.81.

Autodesk Stock Performance

Shares of NASDAQ ADSK opened at $237.87 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $50.19 billion, a price-to-earnings ratio of 45.40, a P/E/G ratio of 1.59 and a beta of 1.43. The stock’s fifty day moving average price is $244.75 and its two-hundred day moving average price is $281.02. Autodesk, Inc. has a one year low of $215.01 and a one year high of $329.09.

Autodesk (NASDAQ:ADSK) last posted its 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 company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter last 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, equities analysts forecast 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.