Autodesk, Inc. $ADSK Stake Lessened by New York State Teachers Retirement System

New York State Teachers Retirement System cut its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 177,930 shares of the software company’s stock after selling 3,103 shares during the period. New York State Teachers Retirement System owned approximately 0.08% of Autodesk worth $52,669,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Torren Management LLC acquired a new stake in Autodesk during the fourth quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Autodesk during the 3rd quarter worth $25,000. Archer Investment Corp increased its stake in shares of Autodesk by 112.2% during the 4th 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 last quarter. Proffitt & Goodson Inc. acquired a new position in shares of Autodesk during the 3rd quarter worth $27,000. Finally, Financial Consulate Inc. acquired a new position in shares of Autodesk during the 3rd quarter worth $32,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Trading Up 3.1%

ADSK opened at $244.35 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $51.64 billion, a PE ratio of 46.63, a PEG ratio of 1.57 and a beta of 1.43. Autodesk, Inc. has a 1-year low of $214.10 and a 1-year high of $329.09. The firm has a 50-day moving average price of $240.74 and a two-hundred day moving average price of $269.24.

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, 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 firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter last year, the company posted $2.29 EPS. The company’s quarterly 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. As a group, equities analysts anticipate that Autodesk, Inc. will post 9.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Royal Bank Of Canada reduced their price objective on shares of Autodesk from $340.00 to $335.00 and set an “outperform” rating for the company in a report on Friday, February 27th. Argus raised shares of Autodesk to a “strong-buy” rating in a report on Friday, March 6th. BTIG Research reduced their price objective on shares of Autodesk from $365.00 to $300.00 and set a “buy” rating for the company in a report on Friday, February 27th. Stifel Nicolaus reduced their price objective on shares of Autodesk from $375.00 to $285.00 and set a “buy” rating for the company in a report on Monday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Autodesk from $375.00 to $330.00 and set a “buy” rating for the company in a report on Monday, March 2nd. Three 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $335.93.

About Autodesk

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.