MGO One Seven LLC Purchases 3,704 Shares of Autodesk, Inc. $ADSK

MGO One Seven LLC boosted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 137.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,406 shares of the software company’s stock after purchasing an additional 3,704 shares during the period. MGO One Seven LLC’s holdings in Autodesk were worth $1,896,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC bought a new position in Autodesk during the 3rd quarter worth about $25,000. Torren Management LLC bought a new position in Autodesk during the 4th quarter worth about $25,000. Archer Investment Corp increased its holdings in Autodesk by 112.2% during the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after purchasing an additional 46 shares in the last quarter. iSAM Funds UK Ltd bought a new position in Autodesk during the 3rd quarter worth about $46,000. Finally, High Point Wealth Management LLC bought a new position in Autodesk during the 4th quarter worth about $44,000. Institutional investors own 90.24% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on ADSK shares. Royal Bank Of Canada lowered their target price on Autodesk from $340.00 to $335.00 and set an “outperform” rating for the company in a report on Friday, February 27th. UBS Group lowered their target price on Autodesk from $400.00 to $290.00 and set a “buy” rating for the company in a report on Monday, February 23rd. Robert W. Baird lowered their target price on Autodesk from $355.00 to $312.00 and set an “outperform” rating for the company in a report on Friday, April 17th. Zacks Research upgraded Autodesk from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Finally, Piper Sandler restated an “overweight” rating and set a $383.00 price objective (up from $373.00) on shares of Autodesk in a research note on Monday, March 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and an average price target of $335.93.

Autodesk Stock Performance

Autodesk stock opened at $244.50 on Monday. The firm has a 50-day moving average of $242.28 and a 200-day moving average of $267.54. Autodesk, Inc. has a one year low of $214.10 and a one year high of $329.09. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $51.62 billion, a price-to-earnings ratio of 46.66, a P/E/G ratio of 1.62 and a beta of 1.32.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, February 26th. The software company reported $2.85 EPS for the quarter, topping 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 the consensus estimate of $1.91 billion. During the same period in the prior year, the business posted $2.29 EPS. The company’s quarterly revenue was up 19.4% on a year-over-year basis. 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, equities analysts expect that Autodesk, Inc. will post 9.35 earnings per share for the current fiscal year.

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.