QRG Capital Management Inc. Purchases 3,234 Shares of Autodesk, Inc. $ADSK

QRG Capital Management Inc. increased its position in Autodesk, Inc. (NASDAQ:ADSK) by 23.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,809 shares of the software company’s stock after buying an additional 3,234 shares during the quarter. QRG Capital Management Inc.’s holdings in Autodesk were worth $4,976,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ADSK. Torren Management LLC bought a new stake in Autodesk in the 4th quarter worth $25,000. Measured Wealth Private Client Group LLC bought a new position in shares of Autodesk during the third quarter valued at about $25,000. Archer Investment Corp boosted its holdings in shares of Autodesk by 112.2% during the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after purchasing an additional 46 shares during the period. High Point Wealth Management LLC bought a new stake in shares of Autodesk in the fourth quarter worth about $44,000. Finally, iSAM Funds UK Ltd purchased a new position in Autodesk during the 3rd quarter valued at about $46,000. 90.24% of the stock is currently owned by institutional investors.

Autodesk Trading Down 2.6%

NASDAQ:ADSK opened at $242.95 on Thursday. The firm has a market capitalization of $51.34 billion, a P/E ratio of 46.36, a PEG ratio of 1.65 and a beta of 1.32. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.85. Autodesk, Inc. has a one year low of $214.10 and a one year high of $329.09. The company’s 50-day simple moving average is $241.68 and its 200 day simple moving average is $267.91.

Autodesk (NASDAQ:ADSK) last issued its quarterly 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. 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 analysts’ expectations of $1.91 billion. During the same period in the previous year, the firm posted $2.29 EPS. The business’s revenue for the quarter 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. As a group, analysts forecast that Autodesk, Inc. will post 9.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ADSK shares. Wells Fargo & Company cut their price objective on Autodesk from $365.00 to $350.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. Piper Sandler reaffirmed an “overweight” rating and issued a $383.00 price target (up from $373.00) on shares of Autodesk in a research note on Monday, March 2nd. Loop Capital cut their price target on shares of Autodesk from $320.00 to $250.00 and set a “hold” rating on the stock in a report on Thursday, February 19th. Wolfe Research upped their price objective on shares of Autodesk from $330.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Finally, BTIG Research dropped their target price on shares of Autodesk from $365.00 to $300.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $335.93.

Autodesk Company 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.