Azzad Asset Management Inc. ADV Invests $685,000 in Autodesk, Inc. $ADSK

Azzad Asset Management Inc. ADV purchased a new position in Autodesk, Inc. (NASDAQ:ADSK) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,315 shares of the software company’s stock, valued at approximately $685,000.

A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Autodesk by 2.2% in the third quarter. Vanguard Group Inc. now owns 21,414,239 shares of the software company’s stock worth $6,802,661,000 after acquiring an additional 450,724 shares during the last quarter. State Street Corp raised its holdings in shares of Autodesk by 1.8% in the second 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 during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Autodesk by 18.9% in the third 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 during 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 worth $881,704,000 after acquiring 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 worth $799,792,000 after acquiring an additional 10,169 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Stock Performance

Autodesk stock opened at $240.65 on Thursday. The firm has a market capitalization of $50.78 billion, a P/E ratio of 45.93, a PEG ratio of 1.58 and a beta of 1.43. The stock has a fifty day moving average price of $241.57 and a 200 day moving average price of $278.11. Autodesk, Inc. has a 52 week low of $215.01 and a 52 week high of $329.09. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.82.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the previous year, the business earned $2.29 earnings per share. The firm’s quarterly 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 anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Rosenblatt Securities dropped their target price on Autodesk from $375.00 to $330.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. BTIG Research dropped their target price on Autodesk from $365.00 to $300.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Loop Capital dropped their target price on Autodesk from $320.00 to $250.00 and set a “hold” rating for the company in a research note on Thursday, February 19th. Rothschild & Co Redburn set a $375.00 target price on Autodesk in a research note on Friday, January 9th. Finally, Barclays upped their target price on Autodesk from $300.00 to $315.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $342.81.

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.