PFG Advisors Takes $973,000 Position in Autodesk, Inc. $ADSK

PFG Advisors bought a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,287 shares of the software company’s stock, valued at approximately $973,000.

Several other hedge funds have also recently made changes to their positions in the business. Patron Partners LLC raised its position 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 valued at $1,364,000 after buying an additional 35 shares in the last quarter. Fulton Bank N.A. raised its position in shares of Autodesk by 4.6% during the 3rd quarter. Fulton Bank N.A. now owns 812 shares of the software company’s stock valued at $258,000 after buying an additional 36 shares in the last quarter. Catalyst Financial Partners LLC raised its position in shares of Autodesk by 3.8% during the 3rd quarter. Catalyst Financial Partners LLC now owns 1,023 shares of the software company’s stock valued at $325,000 after buying an additional 37 shares in the last quarter. Piscataqua Savings Bank raised its position in shares of Autodesk by 33.3% during the 4th quarter. Piscataqua Savings Bank now owns 160 shares of the software company’s stock valued at $47,000 after buying an additional 40 shares in the last quarter. Finally, Moss Adams Wealth Advisors LLC raised its position in shares of Autodesk by 1.0% during 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 buying an additional 41 shares in the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Stock Performance

Autodesk stock opened at $231.98 on Friday. 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 1-year low of $214.10 and a 1-year high of $329.09. The firm has a market capitalization of $48.95 billion, a P/E ratio of 44.27, a price-to-earnings-growth ratio of 1.64 and a beta of 1.43. The company’s 50-day moving average is $240.07 and its 200 day moving average is $271.90.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, February 26th. The software company reported $2.85 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.91 billion. During the same period in the prior year, the company posted $2.29 EPS. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. Research analysts forecast that Autodesk, Inc. will post 9.35 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on ADSK shares. Stifel Nicolaus decreased their target price on shares of Autodesk from $375.00 to $285.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. Oppenheimer decreased their target price on shares of Autodesk from $375.00 to $325.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. Weiss Ratings restated a “hold (c+)” rating on shares of Autodesk in a research report on Wednesday, January 21st. UBS Group decreased their target price on shares of Autodesk from $400.00 to $290.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. Finally, Piper Sandler reissued an “overweight” rating and issued a $383.00 price objective (up from $373.00) on shares of Autodesk in a research report on Monday, March 2nd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $335.93.

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.