PKO Investment Management Joint Stock Co Increases Stock Position in Autodesk, Inc. $ADSK

PKO Investment Management Joint Stock Co grew its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 114.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,000 shares of the software company’s stock after purchasing an additional 3,200 shares during the quarter. PKO Investment Management Joint Stock Co’s holdings in Autodesk were worth $1,776,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Measured Wealth Private Client Group LLC acquired a new stake in Autodesk during the 3rd quarter valued at $25,000. Proffitt & Goodson Inc. purchased a new position in Autodesk during the third quarter worth $27,000. Torren Management LLC acquired a new position in shares of Autodesk in the fourth quarter worth $25,000. Archer Investment Corp raised its holdings in shares of Autodesk by 112.2% in the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after acquiring an additional 46 shares during the last quarter. Finally, Financial Consulate Inc. purchased a new stake in shares of Autodesk in the third quarter valued at $32,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Stock Performance

Autodesk stock opened at $244.35 on Friday. The stock has a fifty day moving average price of $240.74 and a 200 day moving average price of $268.97. Autodesk, Inc. has a 52 week low of $214.10 and a 52 week high of $329.09. The firm has a market capitalization of $51.64 billion, a P/E ratio of 46.63, a PEG ratio of 1.62 and a beta of 1.32. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.82.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share (EPS) 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 firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period last year, the company earned $2.29 EPS. The firm’s quarterly 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. Equities research analysts anticipate that Autodesk, Inc. will post 9.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ADSK has been the subject of a number of recent research reports. Wolfe Research lifted their price objective on Autodesk from $330.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. JPMorgan Chase & Co. upped their target price on shares of Autodesk from $319.00 to $336.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Wells Fargo & Company decreased their price target on shares of Autodesk from $365.00 to $350.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. Royal Bank Of Canada lowered their price target 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, Oppenheimer cut their price objective on shares of Autodesk from $375.00 to $325.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $335.93.

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.