PKO Investment Management Joint Stock Co Increases Stock Position in Autodesk, Inc. $ADSK

PKO Investment Management Joint Stock Co lifted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 114.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,000 shares of the software company’s stock after purchasing an additional 3,200 shares during the period. PKO Investment Management Joint Stock Co’s holdings in Autodesk were worth $1,776,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in ADSK. Torren Management LLC acquired a new position in Autodesk in the fourth quarter valued at $25,000. Measured Wealth Private Client Group LLC acquired a new stake in Autodesk during the third quarter worth about $25,000. Archer Investment Corp increased its stake in Autodesk by 112.2% during the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after acquiring an additional 46 shares during the last quarter. Proffitt & Goodson Inc. purchased a new position in shares of Autodesk in the 3rd quarter worth about $27,000. Finally, Financial Consulate Inc. purchased a new position in shares of Autodesk in the 3rd quarter worth about $32,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ADSK shares. Wolfe Research boosted their target price on Autodesk from $330.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Jefferies Financial Group began coverage on shares of Autodesk in a report on Wednesday, April 15th. They issued a “buy” rating and a $300.00 price target on the stock. Rosenblatt Securities reduced their price target on shares of Autodesk from $375.00 to $330.00 and set a “buy” rating on the stock in a research report on Tuesday, February 24th. Argus upgraded shares of Autodesk to a “strong-buy” rating in a research note on Friday, March 6th. Finally, Oppenheimer dropped their price objective on shares of Autodesk from $375.00 to $325.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $335.93.

Autodesk Price Performance

ADSK stock opened at $244.35 on Friday. The firm has a market cap of $51.64 billion, a P/E ratio of 46.63, a price-to-earnings-growth ratio of 1.62 and a beta of 1.32. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.85 and a current ratio of 0.85. Autodesk, Inc. has a 1 year low of $214.10 and a 1 year high of $329.09. The stock has a 50-day simple moving average of $240.74 and a 200-day simple moving average of $268.97.

Autodesk (NASDAQ:ADSK) last released its quarterly 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. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.91 billion. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.Autodesk’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the previous year, the company posted $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. On average, equities analysts predict that Autodesk, Inc. will post 9.35 earnings per share for the current fiscal year.

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.