Appleton Partners Inc. MA Increases Holdings in Autodesk, Inc. $ADSK

Appleton Partners Inc. MA increased its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 11.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,457 shares of the software company’s stock after buying an additional 2,789 shares during the period. Appleton Partners Inc. MA’s holdings in Autodesk were worth $8,128,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ADSK. Patron Partners LLC raised its holdings in shares of Autodesk by 0.8% in the 3rd quarter. Patron Partners LLC now owns 4,295 shares of the software company’s stock valued at $1,364,000 after acquiring an additional 35 shares in the last quarter. Fulton Bank N.A. grew its holdings in shares of Autodesk by 4.6% during the third quarter. Fulton Bank N.A. now owns 812 shares of the software company’s stock worth $258,000 after purchasing an additional 36 shares in the last quarter. Catalyst Financial Partners LLC increased its position in shares of Autodesk by 3.8% in the third quarter. Catalyst Financial Partners LLC now owns 1,023 shares of the software company’s stock worth $325,000 after purchasing an additional 37 shares during the last quarter. Beacon Financial Group increased its position in shares of Autodesk by 3.4% in the third quarter. Beacon Financial Group now owns 1,168 shares of the software company’s stock worth $371,000 after purchasing an additional 38 shares during the last quarter. Finally, Sky Investment Group LLC raised its stake in Autodesk by 0.5% in the third quarter. Sky Investment Group LLC now owns 7,998 shares of the software company’s stock valued at $2,541,000 after purchasing an additional 40 shares in the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ADSK has been the subject of several research analyst reports. Robert W. Baird lifted their target price on shares of Autodesk from $367.00 to $377.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Royal Bank Of Canada decreased their price target on shares of Autodesk from $340.00 to $335.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. Loop Capital dropped their price objective on shares of Autodesk from $320.00 to $250.00 and set a “hold” rating for the company in a report on Thursday, February 19th. BTIG Research cut their target price on shares of Autodesk from $365.00 to $300.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Finally, JPMorgan Chase & Co. increased their target price on Autodesk from $319.00 to $336.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $342.96.

Autodesk Stock Down 0.2%

Shares of Autodesk stock opened at $247.44 on Tuesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.85 and a current ratio of 0.85. Autodesk, Inc. has a 52-week low of $215.01 and a 52-week high of $329.09. The stock has a market capitalization of $52.21 billion, a price-to-earnings ratio of 47.22, a P/E/G ratio of 1.64 and a beta of 1.45. The company’s 50 day moving average price is $248.34 and its 200-day moving average price is $285.03.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, February 26th. The software company reported $2.85 EPS for the quarter, beating analysts’ consensus estimates 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 business posted $2.29 EPS. The firm’s 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. Equities research analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current year.

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.