Autodesk, Inc. $ADSK Shares Purchased by DNB Asset Management AS

DNB Asset Management AS boosted its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 4.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 48,674 shares of the software company’s stock after acquiring an additional 2,260 shares during the period. DNB Asset Management AS’s holdings in Autodesk were worth $14,408,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Patron Partners LLC grew its stake in Autodesk by 0.8% in the 3rd quarter. Patron Partners LLC now owns 4,295 shares of the software company’s stock valued at $1,364,000 after acquiring an additional 35 shares during the last quarter. Catalyst Financial Partners LLC grew its stake in 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 acquiring an additional 37 shares during the last quarter. Piscataqua Savings Bank grew its stake in Autodesk by 33.3% in the 4th quarter. Piscataqua Savings Bank now owns 160 shares of the software company’s stock valued at $47,000 after acquiring an additional 40 shares during the last quarter. Moss Adams Wealth Advisors LLC grew its stake in Autodesk by 1.0% in the 4th quarter. Moss Adams Wealth Advisors LLC now owns 4,267 shares of the software company’s stock valued at $1,263,000 after acquiring an additional 41 shares during the last quarter. Finally, Keybank National Association OH grew its stake in Autodesk by 0.8% in the 3rd quarter. Keybank National Association OH now owns 5,403 shares of the software company’s stock valued at $1,716,000 after acquiring an additional 42 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Arete Research lowered their price objective on shares of Autodesk from $460.00 to $456.00 and set a “buy” rating on the stock in a research note on Thursday, March 26th. Royal Bank Of Canada decreased their price target on shares of Autodesk from $340.00 to $335.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Autodesk in a research note on Wednesday, January 21st. Loop Capital decreased their price target on shares of Autodesk from $320.00 to $250.00 and set a “hold” rating on the stock in a research note on Thursday, February 19th. Finally, Rosenblatt Securities decreased their price target on shares of Autodesk from $375.00 to $330.00 and set a “buy” rating on the stock in a research note on Tuesday, February 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $333.07.

Autodesk Price Performance

Autodesk stock opened at $236.62 on Monday. Autodesk, Inc. has a 12-month low of $214.10 and a 12-month high of $329.09. The stock has a market capitalization of $49.96 billion, a P/E ratio of 45.16, a P/E/G ratio of 1.53 and a beta of 1.32. The firm’s 50-day moving average is $241.37 and its two-hundred day moving average is $264.40. 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 (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.64 by $0.21. The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period last year, the company earned $2.29 EPS. 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 analysts predict that Autodesk, Inc. will post 9.35 earnings per share for the current 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.