Third View Private Wealth LLC Makes New Investment in Autodesk, Inc. $ADSK

Third View Private Wealth LLC acquired a new position in Autodesk, Inc. (NASDAQ:ADSK) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 23,045 shares of the software company’s stock, valued at approximately $6,822,000. Autodesk accounts for 0.9% of Third View Private Wealth LLC’s holdings, making the stock its 24th biggest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Autodesk by 12.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,180 shares of the software company’s stock worth $48,661,000 after buying an additional 17,358 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Autodesk by 18.7% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 130,669 shares of the software company’s stock valued at $41,510,000 after purchasing an additional 20,543 shares during the period. OFI Invest Asset Management lifted its stake in shares of Autodesk by 246.4% in the 4th quarter. OFI Invest Asset Management now owns 52,649 shares of the software company’s stock valued at $15,585,000 after purchasing an additional 37,449 shares during the period. Pacific Heights Asset Management LLC lifted its stake in shares of Autodesk by 26.9% in the 3rd quarter. Pacific Heights Asset Management LLC now owns 85,000 shares of the software company’s stock valued at $27,002,000 after purchasing an additional 18,000 shares during the period. Finally, Freemont Management S.A. purchased a new position in shares of Autodesk in the 3rd quarter valued at approximately $4,765,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Trading Up 4.0%

Autodesk stock opened at $227.14 on Tuesday. 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 business’s fifty day simple moving average is $239.70 and its two-hundred day simple moving average is $275.69. Autodesk, Inc. has a 12 month low of $214.10 and a 12 month high of $329.09. The company has a market capitalization of $47.93 billion, a price-to-earnings ratio of 43.35, a price-to-earnings-growth ratio of 1.45 and a beta of 1.43.

Autodesk (NASDAQ:ADSK) last released its 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. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the previous year, the company posted $2.29 earnings per share. The company’s revenue for the quarter 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 predict that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Rothschild & Co Redburn set a $375.00 target price on Autodesk in a research note on Friday, January 9th. Citigroup restated a “neutral” rating and issued a $246.00 target price (down from $331.00) on shares of Autodesk in a research note on Friday. Loop Capital lowered their target price on Autodesk from $320.00 to $250.00 and set a “hold” rating for the company in a research note on Thursday, February 19th. UBS Group lowered their target price on Autodesk from $400.00 to $290.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. Finally, Arete Research lowered their target price on Autodesk from $460.00 to $456.00 and set a “buy” rating for the company in a research note on Thursday, March 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $339.67.

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.