Ticino Wealth Buys New Holdings in Autodesk, Inc. $ADSK

Ticino Wealth bought a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,427 shares of the software company’s stock, valued at approximately $1,014,000.

Other large investors have also made changes to their positions in the company. Rakuten Investment Management Inc. acquired a new position in Autodesk in the third quarter valued at approximately $268,649,000. Wellington Management Group LLP lifted its position in shares of Autodesk by 326.9% during the third quarter. Wellington Management Group LLP now owns 918,010 shares of the software company’s stock worth $291,624,000 after purchasing an additional 702,974 shares in the last quarter. First Trust Advisors LP lifted its holdings in Autodesk by 197.1% during the 3rd quarter. First Trust Advisors LP now owns 910,768 shares of the software company’s stock worth $289,324,000 after buying an additional 604,235 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Autodesk by 18.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,544,520 shares of the software company’s stock valued at $1,125,988,000 after purchasing an additional 564,136 shares during the period. Finally, Two Sigma Investments LP grew its holdings in Autodesk by 51,159.6% during the 3rd quarter. Two Sigma Investments LP now owns 512,596 shares of the software company’s stock worth $162,836,000 after acquiring an additional 511,596 shares in the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Trading Up 0.2%

Shares of NASDAQ ADSK opened at $245.83 on Tuesday. Autodesk, Inc. has a 12-month low of $214.10 and a 12-month high of $329.09. The company has a market cap of $51.87 billion, a price-to-earnings ratio of 46.94, a price-to-earnings-growth ratio of 1.60 and a beta of 1.43. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.82. The stock’s 50 day simple moving average is $239.56 and its 200 day simple moving average is $272.87.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, February 26th. The software company reported $2.85 EPS for the quarter, beating the consensus estimate of $2.64 by $0.21. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter last year, the business earned $2.29 earnings per share. Autodesk’s revenue was up 19.4% compared to the same quarter last year. 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 expect that Autodesk, Inc. will post 9.35 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ADSK. Robert W. Baird cut their price objective on shares of Autodesk from $355.00 to $312.00 and set an “outperform” rating on the stock in a report on Friday. BTIG Research lowered their price target on shares of Autodesk from $365.00 to $300.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Oppenheimer lowered their price target on Autodesk from $375.00 to $325.00 and set an “outperform” rating on the stock in a report on Tuesday, February 24th. DA Davidson reduced their price objective on Autodesk from $375.00 to $325.00 and set a “buy” rating for the company in a report on Friday, February 27th. Finally, Zacks Research upgraded Autodesk from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. 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’s stock. According to data from MarketBeat, the stock presently has an average 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.