M&T Bank Corp Increases Position in Autodesk, Inc. $ADSK

M&T Bank Corp increased its stake in Autodesk, Inc. (NASDAQ:ADSKFree Report) by 27.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,416 shares of the software company’s stock after acquiring an additional 5,220 shares during the period. M&T Bank Corp’s holdings in Autodesk were worth $7,227,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ADSK. Patron Partners LLC boosted its position in Autodesk by 0.8% during the third 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 during the period. Fulton Bank N.A. boosted its position in Autodesk by 4.6% during the third 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 during the period. Catalyst Financial Partners LLC boosted its position in Autodesk by 3.8% during the third 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 during the period. Piscataqua Savings Bank boosted its position in Autodesk by 33.3% during the fourth quarter. Piscataqua Savings Bank now owns 160 shares of the software company’s stock valued at $47,000 after buying an additional 40 shares during the period. Finally, Moss Adams Wealth Advisors LLC boosted its position in Autodesk by 1.0% during the fourth 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 during the period. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Stock Performance

Autodesk stock opened at $249.43 on Wednesday. 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 firm has a 50-day moving average of $241.19 and a 200-day moving average of $268.32. The firm has a market cap of $52.71 billion, a P/E ratio of 47.60, a P/E/G ratio of 1.64 and a beta of 1.32. Autodesk, Inc. has a 1-year low of $214.10 and a 1-year high of $329.09.

Autodesk (NASDAQ:ADSKGet Free Report) last posted its earnings results 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. The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.91 billion. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. Autodesk’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.29 earnings per share. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. Sell-side analysts expect that Autodesk, Inc. will post 9.35 EPS for the current year.

Autodesk News Summary

Here are the key news stories impacting Autodesk this week:

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ADSK. Barclays upped their price target on shares of Autodesk from $300.00 to $315.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Weiss Ratings restated a “hold (c+)” rating on shares of Autodesk in a research report on Wednesday, January 21st. Stifel Nicolaus cut their price target on shares of Autodesk from $375.00 to $285.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. Wolfe Research upped their price target on shares of Autodesk from $330.00 to $350.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Finally, Royal Bank Of Canada cut their price target on shares of Autodesk from $340.00 to $335.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $335.93.

Read Our Latest Stock Report on ADSK

Autodesk Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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