Alta Capital Management LLC Lowers Stock Holdings in Autodesk, Inc. $ADSK

Alta Capital Management LLC decreased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 14.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,924 shares of the software company’s stock after selling 8,818 shares during the period. Autodesk makes up approximately 1.0% of Alta Capital Management LLC’s holdings, making the stock its 24th largest holding. Alta Capital Management LLC’s holdings in Autodesk were worth $15,666,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Autodesk by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 21,493,167 shares of the software company’s stock valued at $6,362,192,000 after purchasing an additional 78,928 shares in the last quarter. Amundi increased its holdings in shares of Autodesk by 3.0% in the third quarter. Amundi now owns 2,726,105 shares of the software company’s stock worth $881,704,000 after buying an additional 79,171 shares during the period. Northern Trust Corp increased its holdings in shares of Autodesk by 0.4% in the third quarter. Northern Trust Corp now owns 2,517,683 shares of the software company’s stock worth $799,792,000 after buying an additional 10,169 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Autodesk by 44,345.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,280,515 shares of the software company’s stock worth $675,055,000 after buying an additional 2,275,384 shares during the period. Finally, Legal & General Group Plc increased its holdings in shares of Autodesk by 4.1% in the third quarter. Legal & General Group Plc now owns 2,019,358 shares of the software company’s stock worth $641,489,000 after buying an additional 80,246 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Stock Up 2.9%

NASDAQ ADSK opened at $243.49 on Tuesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $51.41 billion, a PE ratio of 46.47, a PEG ratio of 1.53 and a beta of 1.32. Autodesk, Inc. has a 1 year low of $214.10 and a 1 year high of $329.09. The business’s 50-day moving average is $240.96 and its 200 day moving average is $263.93.

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on ADSK shares. BTIG Research decreased their price objective on Autodesk from $365.00 to $300.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Stifel Nicolaus decreased their price objective on Autodesk from $375.00 to $285.00 and set a “buy” rating on the stock in a report on Monday, February 23rd. Piper Sandler reiterated an “overweight” rating and issued a $383.00 price objective (up from $373.00) on shares of Autodesk in a report on Monday, March 2nd. Jefferies Financial Group started coverage on Autodesk in a report on Wednesday, April 15th. They issued a “buy” rating and a $300.00 price objective on the stock. Finally, DA Davidson decreased their price objective on Autodesk from $375.00 to $325.00 and set a “buy” rating on the stock in a report on Friday, February 27th. 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $333.07.

Autodesk Company 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.