Fiera Capital Corp Purchases 15,249 Shares of Autodesk, Inc. $ADSK

Fiera Capital Corp boosted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 32.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,699 shares of the software company’s stock after purchasing an additional 15,249 shares during the period. Fiera Capital Corp’s holdings in Autodesk were worth $18,264,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. OFI Invest Asset Management boosted its holdings in Autodesk by 246.4% in the fourth quarter. OFI Invest Asset Management now owns 52,649 shares of the software company’s stock worth $15,585,000 after purchasing an additional 37,449 shares during the last quarter. Freemont Management S.A. purchased a new stake in Autodesk in the third quarter worth approximately $4,765,000. Caprock Group LLC purchased a new stake in Autodesk in the third quarter worth approximately $2,288,000. Robeco Institutional Asset Management B.V. boosted its holdings in Autodesk by 46.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 532,504 shares of the software company’s stock worth $157,627,000 after purchasing an additional 169,099 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in Autodesk by 0.5% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 946,476 shares of the software company’s stock worth $280,166,000 after purchasing an additional 4,845 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group upgraded shares of Autodesk to a “strong-buy” rating in a report on Tuesday, May 26th. Morgan Stanley decreased their price target on shares of Autodesk from $350.00 to $315.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 26th. Rosenblatt Securities reiterated a “buy” rating and issued a $330.00 price target on shares of Autodesk in a research report on Monday, June 1st. Royal Bank Of Canada decreased their price target on shares of Autodesk from $335.00 to $305.00 and set an “outperform” rating on the stock in a research report on Friday, May 29th. Finally, Wolfe Research increased their price target on shares of Autodesk from $330.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $327.21.

Insiders Place Their Bets

In related news, Director Stacy J. Smith bought 3,435 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was bought at an average cost of $231.17 per share, with a total value of $794,068.95. Following the completion of the purchase, the director owned 26,517 shares of the company’s stock, valued at approximately $6,129,934.89. The trade was a 14.88% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.14% of the company’s stock.

Autodesk Stock Down 2.1%

Shares of ADSK stock opened at $225.04 on Tuesday. The company has a market capitalization of $47.48 billion, a price-to-earnings ratio of 32.80, a PEG ratio of 1.43 and a beta of 1.30. Autodesk, Inc. has a one year low of $214.10 and a one year high of $329.09. The company’s fifty day moving average price is $237.42 and its 200-day moving average price is $257.45. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.83.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, beating the consensus estimate of $2.84 by $0.15. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.89 billion. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The company’s revenue was up 18.4% on a year-over-year basis. During the same period last year, the firm earned $2.29 EPS. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. Sell-side analysts expect that Autodesk, Inc. will post 9.55 EPS for the current fiscal year.

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.