Natixis Advisors LLC Acquires 26,123 Shares of Autodesk, Inc. $ADSK

Natixis Advisors LLC lifted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 5.2% in the 3rd quarter, Holdings Channel reports. The firm owned 525,298 shares of the software company’s stock after acquiring an additional 26,123 shares during the period. Natixis Advisors LLC’s holdings in Autodesk were worth $166,871,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Clarity Wealth Advisors LLC lifted its position in Autodesk by 2.3% during the second quarter. Clarity Wealth Advisors LLC now owns 1,535 shares of the software company’s stock valued at $475,000 after buying an additional 35 shares during the period. Patron Partners LLC grew its stake in shares of Autodesk by 0.8% in the third quarter. Patron Partners LLC now owns 4,295 shares of the software company’s stock worth $1,364,000 after acquiring an additional 35 shares during the last quarter. Fulton Bank N.A. grew its stake in shares of Autodesk by 4.6% in the third quarter. Fulton Bank N.A. now owns 812 shares of the software company’s stock worth $258,000 after acquiring an additional 36 shares during the last quarter. Wedbush Securities Inc. boosted its stake in Autodesk by 2.6% in the 2nd quarter. Wedbush Securities Inc. now owns 1,484 shares of the software company’s stock worth $459,000 after purchasing an additional 37 shares in the last quarter. Finally, Catalyst Financial Partners LLC grew its position in Autodesk by 3.8% during 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 during the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on ADSK shares. Oppenheimer cut their price target on shares of Autodesk from $375.00 to $325.00 and set an “outperform” rating on the stock in a report on Tuesday, February 24th. Morgan Stanley lowered their price objective on Autodesk from $385.00 to $350.00 and set an “overweight” rating on the stock in a research report on Monday, February 23rd. Barclays upped their price target on Autodesk from $300.00 to $315.00 and gave the company an “overweight” rating in a report on Friday, February 27th. DA Davidson dropped their target price on shares of Autodesk from $375.00 to $325.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Finally, Piper Sandler reissued an “overweight” rating and issued a $383.00 target price (up from $373.00) on shares of Autodesk in a research report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and an average target price of $341.96.

Autodesk Stock Performance

NASDAQ ADSK opened at $260.99 on Friday. Autodesk, Inc. has a twelve month low of $215.01 and a twelve month high of $329.09. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 0.82. The firm has a market cap of $55.07 billion, a price-to-earnings ratio of 49.81, a price-to-earnings-growth ratio of 1.73 and a beta of 1.45. The business has a 50-day moving average price of $256.81 and a 200-day moving average price of $288.85.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, February 26th. The software company reported $2.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $0.21. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.29 earnings per share. 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, equities research analysts predict that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

About Autodesk

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.