Florida Trust Wealth Management Co Decreases Stake in Autodesk, Inc. $ADSK

Florida Trust Wealth Management Co trimmed its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 11.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,079 shares of the software company’s stock after selling 2,383 shares during the quarter. Florida Trust Wealth Management Co’s holdings in Autodesk were worth $5,648,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Measured Wealth Private Client Group LLC acquired a new position in Autodesk in the 3rd quarter valued at about $25,000. Proffitt & Goodson Inc. acquired a new position in shares of Autodesk during the third quarter worth about $27,000. Heartwood Wealth Advisors LLC purchased a new stake in shares of Autodesk in the 3rd quarter valued at approximately $28,000. Tripletail Wealth Management LLC purchased a new position in Autodesk in the third quarter valued at $29,000. Finally, Financial Consulate Inc. acquired a new stake in shares of Autodesk during the 3rd quarter worth about $32,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Performance

Shares of NASDAQ:ADSK opened at $238.08 on Friday. The business’s 50-day simple moving average is $243.47 and its 200 day simple moving average is $279.87. The company has a market cap of $50.23 billion, a P/E ratio of 45.44, a PEG ratio of 1.58 and a beta of 1.43. 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 one year low of $215.01 and a one year high of $329.09.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share for the quarter, topping analysts’ consensus estimates of $2.64 by $0.21. The firm had revenue of $1.96 billion during 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.29 EPS. 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, sell-side analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ADSK shares. Royal Bank Of Canada reduced their price target on shares of Autodesk from $340.00 to $335.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Arete Research lowered their target price on Autodesk from $460.00 to $456.00 and set a “buy” rating on the stock in a research note on Thursday, March 26th. BMO Capital Markets reduced their target price on shares of Autodesk from $343.00 to $279.00 and set a “market perform” rating for the company in a research note on Monday, March 2nd. Citigroup boosted their target price on Autodesk from $315.00 to $331.00 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. Finally, Rosenblatt Securities reduced their target price on Autodesk from $375.00 to $330.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $342.81.

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.