Neuberger Berman Group LLC Buys 22,428 Shares of Autodesk, Inc. $ADSK

Neuberger Berman Group LLC lifted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 19.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 140,402 shares of the software company’s stock after buying an additional 22,428 shares during the period. Neuberger Berman Group LLC’s holdings in Autodesk were worth $44,601,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Clarity Wealth Advisors LLC boosted its position in Autodesk by 2.3% during the 2nd quarter. Clarity Wealth Advisors LLC now owns 1,535 shares of the software company’s stock valued at $475,000 after acquiring an additional 35 shares in the last quarter. Patron Partners LLC grew its holdings in shares of Autodesk by 0.8% during the 3rd quarter. Patron Partners LLC now owns 4,295 shares of the software company’s stock worth $1,364,000 after acquiring an additional 35 shares during the period. Fulton Bank N.A. raised its position in shares of Autodesk by 4.6% in the 3rd quarter. Fulton Bank N.A. now owns 812 shares of the software company’s stock worth $258,000 after acquiring an additional 36 shares in the last quarter. Wedbush Securities Inc. lifted its stake in shares of Autodesk by 2.6% in the 2nd quarter. Wedbush Securities Inc. now owns 1,484 shares of the software company’s stock valued at $459,000 after purchasing an additional 37 shares during the period. Finally, Catalyst Financial Partners LLC lifted its stake in shares of Autodesk by 3.8% in the 3rd quarter. Catalyst Financial Partners LLC now owns 1,023 shares of the software company’s stock valued at $325,000 after purchasing an additional 37 shares during the period. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ADSK has been the topic of several recent research reports. Barclays upped their price target on Autodesk from $300.00 to $315.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Weiss Ratings reissued a “hold (c+)” rating on shares of Autodesk in a research report on Wednesday, January 21st. Morgan Stanley dropped their target price on shares of Autodesk from $385.00 to $350.00 and set an “overweight” rating on the stock in a report on Monday, February 23rd. Robert W. Baird upped their target price on shares of Autodesk from $367.00 to $377.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Autodesk from $375.00 to $330.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Autodesk presently has an average rating of “Moderate Buy” and a consensus price target of $341.96.

Autodesk Stock Down 1.2%

ADSK stock opened at $260.99 on Friday. The business has a 50 day moving average of $256.81 and a 200 day moving average of $288.85. The firm has a market cap of $55.07 billion, a PE ratio of 49.81, a price-to-earnings-growth ratio of 1.75 and a beta of 1.45. Autodesk, Inc. has a twelve month low of $215.01 and a twelve month high of $329.09. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 0.82.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, February 26th. The software company reported $2.85 EPS for the quarter, topping the consensus estimate of $2.64 by $0.21. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the previous year, the company posted $2.29 earnings per share. The company’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. On average, research analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

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.