Caisse Des Depots ET Consignations Has $1.71 Million Stock Position in Autodesk, Inc. $ADSK

Caisse Des Depots ET Consignations trimmed its position in Autodesk, Inc. (NASDAQ:ADSK) by 48.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,761 shares of the software company’s stock after selling 5,431 shares during the period. Caisse Des Depots ET Consignations’ holdings in Autodesk were worth $1,705,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Torren Management LLC acquired a new position in shares of Autodesk in the fourth quarter worth about $25,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Autodesk in the third quarter worth about $25,000. Archer Investment Corp boosted 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 buying an additional 46 shares during the period. Proffitt & Goodson Inc. acquired a new position in shares of Autodesk in the third quarter worth about $27,000. Finally, Financial Consulate Inc. acquired a new position in shares of Autodesk in the third quarter worth about $32,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ADSK has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of Autodesk from $319.00 to $336.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Wolfe Research raised their target price on shares of Autodesk from $330.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Argus raised shares of Autodesk to a “strong-buy” rating in a research report on Friday, March 6th. Citigroup reissued a “neutral” rating and issued a $246.00 price target (down from $331.00) on shares of Autodesk in a research report on Friday, April 10th. Finally, Loop Capital reduced their price target on shares of Autodesk from $320.00 to $250.00 and set a “hold” rating for the company in a research report on Thursday, February 19th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $335.93.

Autodesk Price Performance

NASDAQ ADSK opened at $244.35 on Friday. The company has a 50 day simple moving average of $240.74 and a 200-day simple moving average of $269.24. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $51.64 billion, a price-to-earnings ratio of 46.63, a price-to-earnings-growth ratio of 1.57 and a beta of 1.43. Autodesk, Inc. has a 52-week low of $214.10 and a 52-week high of $329.09.

Autodesk (NASDAQ:ADSK) last posted 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. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.91 billion. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The firm’s revenue was up 19.4% compared to the same quarter last year. During the same period in the prior year, the firm 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 research analysts predict 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.