Bailard Inc. Cuts Stake in Autodesk, Inc. $ADSK

Bailard Inc. reduced its position in Autodesk, Inc. (NASDAQ:ADSK) by 39.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,446 shares of the software company’s stock after selling 2,862 shares during the quarter. Bailard Inc.’s holdings in Autodesk were worth $1,316,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Autodesk by 12.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,180 shares of the software company’s stock valued at $48,661,000 after buying an additional 17,358 shares during the last quarter. OFI Invest Asset Management grew its holdings in shares of Autodesk by 246.4% during the fourth quarter. OFI Invest Asset Management now owns 52,649 shares of the software company’s stock valued at $15,585,000 after buying an additional 37,449 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Autodesk by 18.7% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 130,669 shares of the software company’s stock valued at $41,510,000 after buying an additional 20,543 shares during the last quarter. Pacific Heights Asset Management LLC lifted its position in Autodesk by 26.9% during the third quarter. Pacific Heights Asset Management LLC now owns 85,000 shares of the software company’s stock valued at $27,002,000 after purchasing an additional 18,000 shares during the period. Finally, Freemont Management S.A. acquired a new position in Autodesk during the third quarter valued at $4,765,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Stock Down 1.6%

ADSK opened at $231.03 on Thursday. Autodesk, Inc. has a twelve month low of $214.10 and a twelve month high of $329.09. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.82. The company has a 50-day moving average price of $242.19 and a 200 day moving average price of $265.50. The company has a market cap of $48.78 billion, a PE ratio of 44.09, a price-to-earnings-growth ratio of 1.47 and a beta of 1.32.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, February 26th. The software company reported $2.85 earnings per share (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 during the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter in the prior year, the company earned $2.29 EPS. 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. Sell-side analysts expect that Autodesk, Inc. will post 9.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Barclays decreased their price objective on shares of Autodesk from $315.00 to $300.00 and set an “overweight” rating for the company in a research report on Wednesday. DA Davidson decreased their price objective on shares of Autodesk from $375.00 to $325.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Royal Bank Of Canada decreased their price objective on shares of Autodesk from $340.00 to $335.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Rosenblatt Securities decreased their price objective on shares of Autodesk from $375.00 to $330.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. Finally, Loop Capital decreased their price objective 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-three have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $333.07.

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.