Thrivent Financial for Lutherans Trims Stock Position in Autodesk, Inc. $ADSK

Thrivent Financial for Lutherans lowered its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 155,863 shares of the software company’s stock after selling 3,679 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.07% of Autodesk worth $46,137,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ADSK. Torren Management LLC purchased a new stake in shares of Autodesk during the 4th quarter valued at about $25,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Autodesk during the 3rd quarter valued at about $25,000. Archer Investment Corp increased its position in shares of Autodesk by 112.2% during the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after purchasing an additional 46 shares during the last quarter. High Point Wealth Management LLC purchased a new stake in shares of Autodesk during the 4th quarter valued at about $44,000. Finally, iSAM Funds UK Ltd purchased a new stake in shares of Autodesk during the 3rd quarter valued at about $46,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Trading Up 1.2%

Autodesk stock opened at $236.62 on Friday. The firm has a 50 day moving average of $241.37 and a 200 day moving average of $264.75. The firm has a market capitalization of $49.96 billion, a price-to-earnings ratio of 45.16, a P/E/G ratio of 1.53 and a beta of 1.32. Autodesk, Inc. has a 12-month low of $214.10 and a 12-month high of $329.09. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.82.

Autodesk (NASDAQ:ADSK) last released its 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. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same period in the prior year, the firm posted $2.29 EPS. The firm’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, research analysts predict that Autodesk, Inc. will post 9.35 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently commented on ADSK. Royal Bank Of Canada reduced 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. Weiss Ratings reissued a “hold (c+)” rating on shares of Autodesk in a report on Wednesday, January 21st. BTIG Research reduced their target price 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. Zacks Research lowered shares of Autodesk from a “strong-buy” rating to a “hold” rating in a report on Thursday. Finally, Arete Research reduced their target price on shares of Autodesk from $460.00 to $456.00 and set a “buy” rating for the company in a report on Thursday, March 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $333.07.

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.