OVERSEA CHINESE BANKING Corp Ltd Raises Holdings in Autodesk, Inc. $ADSK

OVERSEA CHINESE BANKING Corp Ltd lifted its stake in Autodesk, Inc. (NASDAQ:ADSK) by 75.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 11,736 shares of the software company’s stock after acquiring an additional 5,038 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Autodesk were worth $3,474,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Patron Partners LLC boosted 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 buying an additional 35 shares during the last quarter. Fulton Bank N.A. grew its position in Autodesk by 4.6% during the third quarter. Fulton Bank N.A. now owns 812 shares of the software company’s stock valued at $258,000 after buying an additional 36 shares during the period. Catalyst Financial Partners LLC increased its holdings in Autodesk by 3.8% in the third quarter. Catalyst Financial Partners LLC now owns 1,023 shares of the software company’s stock valued at $325,000 after buying an additional 37 shares in the last quarter. Piscataqua Savings Bank increased its holdings in 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 in the last quarter. Finally, Moss Adams Wealth Advisors LLC raised its position in shares of Autodesk by 1.0% in the fourth quarter. Moss Adams Wealth Advisors LLC now owns 4,267 shares of the software company’s stock worth $1,263,000 after acquiring an additional 41 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ADSK shares. Citigroup reissued a “neutral” rating and set a $246.00 target price (down from $331.00) on shares of Autodesk in a research note on Friday, April 10th. BTIG Research reduced 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. Royal Bank Of Canada lowered their price target on Autodesk from $340.00 to $335.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. Deutsche Bank Aktiengesellschaft dropped their price objective on Autodesk from $375.00 to $330.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. Finally, Robert W. Baird cut their price objective on Autodesk from $355.00 to $312.00 and set an “outperform” rating for the company in a research report on Friday, April 17th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $335.93.

Autodesk Stock Up 0.9%

ADSK stock opened at $247.57 on Thursday. The stock has a market capitalization of $52.24 billion, a P/E ratio of 47.25, a P/E/G ratio of 1.63 and a beta of 1.43. The firm has a 50-day simple moving average of $239.90 and a 200-day simple moving average of $272.18. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.82. Autodesk, Inc. has a 52 week low of $214.10 and a 52 week high of $329.09.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, February 26th. The software company reported $2.85 EPS for the quarter, topping analysts’ consensus estimates of $2.64 by $0.21. The business had revenue of $1.96 billion during 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 quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $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. Equities analysts forecast that Autodesk, Inc. will post 9.35 earnings per share 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.