Autodesk, Inc. $ADSK Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC cut its stake in Autodesk, Inc. (NASDAQ:ADSK) by 6.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 193,453 shares of the software company’s stock after selling 13,624 shares during the quarter. Autodesk comprises about 1.0% of Wedge Capital Management L L P NC’s portfolio, making the stock its 21st largest holding. Wedge Capital Management L L P NC’s holdings in Autodesk were worth $57,264,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC acquired a new stake in Autodesk during the 3rd quarter worth $25,000. Proffitt & Goodson Inc. acquired a new position in Autodesk during the 3rd quarter worth approximately $27,000. Heartwood Wealth Advisors LLC purchased a new position in Autodesk in the third quarter worth $28,000. Tripletail Wealth Management LLC acquired a new stake in shares of Autodesk in the third quarter valued at about $29,000. Finally, Financial Consulate Inc. purchased a new stake in shares of Autodesk during the 3rd quarter worth approximately $32,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

NASDAQ:ADSK opened at $229.84 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.82. The firm has a market cap of $48.50 billion, a P/E ratio of 43.86, a PEG ratio of 1.59 and a beta of 1.45. The business’s 50-day moving average price is $246.03 and its 200 day moving average price is $283.09. Autodesk, Inc. has a 52-week low of $215.01 and a 52-week high of $329.09.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, February 26th. The software company reported $2.85 EPS for the quarter, topping analysts’ consensus estimates of $2.64 by $0.21. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same quarter last year, the business posted $2.29 EPS. 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. As a group, sell-side analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on ADSK shares. Morgan Stanley restated an “overweight” rating on shares of Autodesk in a research report on Wednesday, March 18th. Piper Sandler restated an “overweight” rating and issued a $383.00 target price (up from $373.00) on shares of Autodesk in a report on Monday, March 2nd. Barclays lifted their price objective on Autodesk from $300.00 to $315.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Citigroup increased their price target on Autodesk from $315.00 to $331.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Finally, BMO Capital Markets reduced their target price on shares of Autodesk from $343.00 to $279.00 and set a “market perform” rating on the stock in a research report on Monday, March 2nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $342.81.

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.