Banque Pictet & Cie SA Sells 3,560 Shares of Autodesk, Inc. $ADSK

Banque Pictet & Cie SA lowered its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,140 shares of the software company’s stock after selling 3,560 shares during the quarter. Banque Pictet & Cie SA’s holdings in Autodesk were worth $13,066,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Autodesk by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 21,414,239 shares of the software company’s stock valued at $6,802,661,000 after acquiring an additional 450,724 shares in the last quarter. State Street Corp grew its stake in shares of Autodesk by 1.8% in the 2nd quarter. State Street Corp now owns 10,086,995 shares of the software company’s stock worth $3,122,631,000 after acquiring an additional 174,247 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Autodesk by 18.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,544,520 shares of the software company’s stock worth $1,125,988,000 after acquiring an additional 564,136 shares in the last quarter. Amundi raised 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 valued at $881,704,000 after purchasing an additional 79,171 shares during the last quarter. Finally, Northern Trust Corp raised 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 valued at $799,792,000 after purchasing an additional 10,169 shares during the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Price Performance

ADSK opened at $237.87 on Thursday. The firm has a market cap of $50.19 billion, a P/E ratio of 45.40, a PEG ratio of 1.59 and a beta of 1.43. The firm has a 50-day moving average of $244.75 and a 200 day moving average of $281.02. 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 fifty-two week low of $215.01 and a fifty-two week high of $329.09.

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 analysts’ consensus estimates of $2.64 by $0.21. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.91 billion. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the company posted $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. On average, research analysts expect that Autodesk, Inc. will post 5.76 EPS for the current year.

Analyst Ratings Changes

ADSK has been the topic of several analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Autodesk in a report on Wednesday, January 21st. DA Davidson decreased their price objective on shares of Autodesk from $375.00 to $325.00 and set a “buy” rating for the company in a research note on Friday, February 27th. UBS Group dropped their target price on shares of Autodesk from $400.00 to $290.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. Rothschild & Co Redburn set a $375.00 target price on Autodesk in a research note on Friday, January 9th. Finally, Argus raised Autodesk to a “strong-buy” rating in a report on Friday, March 6th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $342.81.

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.