Autodesk, Inc. $ADSK Shares Acquired by Grove Bank & Trust

Grove Bank & Trust increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 609.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,682 shares of the software company’s stock after purchasing an additional 2,304 shares during the period. Grove Bank & Trust’s holdings in Autodesk were worth $794,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wedmont Private Capital increased its position in shares of Autodesk by 1.6% during the 4th quarter. Wedmont Private Capital now owns 5,098 shares of the software company’s stock valued at $1,498,000 after purchasing an additional 81 shares during the period. Maridea Wealth Management LLC lifted its holdings in shares of Autodesk by 27.3% in the fourth quarter. Maridea Wealth Management LLC now owns 1,445 shares of the software company’s stock valued at $428,000 after buying an additional 310 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Autodesk by 4.5% in the fourth quarter. Nordea Investment Management AB now owns 24,877 shares of the software company’s stock valued at $7,385,000 after buying an additional 1,082 shares during the period. Green Alpha Advisors LLC boosted its stake in Autodesk by 6.4% during the fourth quarter. Green Alpha Advisors LLC now owns 2,977 shares of the software company’s stock valued at $881,000 after buying an additional 179 shares in the last quarter. Finally, Procyon Advisors LLC boosted its stake in Autodesk by 17.7% during the fourth quarter. Procyon Advisors LLC now owns 7,417 shares of the software company’s stock valued at $2,195,000 after buying an additional 1,117 shares in the last quarter. 90.24% of the stock is owned by institutional investors.

Autodesk Trading Up 0.1%

NASDAQ:ADSK opened at $247.99 on Friday. The stock has a fifty day simple moving average of $248.94 and a 200 day simple moving average of $285.76. The firm has a market capitalization of $52.33 billion, a price-to-earnings ratio of 47.33, a price-to-earnings-growth ratio of 1.64 and a beta of 1.45. Autodesk, Inc. has a 1-year low of $215.01 and a 1-year high of $329.09. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.82.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data 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 return on equity of 53.51% and a net margin of 15.60%.The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the previous year, the company earned $2.29 EPS. The business’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. Sell-side analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on ADSK shares. Robert W. Baird boosted their price target on shares of Autodesk from $367.00 to $377.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. Rothschild & Co Redburn set a $375.00 price objective on shares of Autodesk in a research note on Friday, January 9th. Barclays boosted their target price on shares of Autodesk from $300.00 to $315.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Stifel Nicolaus cut their target price on shares of Autodesk from $375.00 to $285.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. Finally, Wolfe Research raised their target price on shares of Autodesk from $330.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $342.96.

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.