Everstar Asset Management LLC Purchases Shares of 10,342 Autodesk, Inc. $ADSK

Everstar Asset Management LLC purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,342 shares of the software company’s stock, valued at approximately $3,061,000. Autodesk accounts for approximately 1.5% of Everstar Asset Management LLC’s portfolio, making the stock its 11th biggest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. AlphaCore Capital LLC increased its position in Autodesk by 23.8% in the 4th quarter. AlphaCore Capital LLC now owns 2,862 shares of the software company’s stock valued at $847,000 after acquiring an additional 550 shares during the period. DNB Asset Management AS increased its position in shares of Autodesk by 4.9% during the fourth quarter. DNB Asset Management AS now owns 48,674 shares of the software company’s stock worth $14,408,000 after buying an additional 2,260 shares during the period. Convergence Investment Partners LLC acquired a new stake in shares of Autodesk during the fourth quarter worth $1,135,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Autodesk by 44,345.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,280,515 shares of the software company’s stock worth $675,055,000 after buying an additional 2,275,384 shares during the period. Finally, AustralianSuper Pty Ltd increased its position in shares of Autodesk by 20.9% during the fourth quarter. AustralianSuper Pty Ltd now owns 86,182 shares of the software company’s stock worth $25,511,000 after buying an additional 14,882 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ADSK shares. Argus upgraded shares of Autodesk to a “strong-buy” rating in a research report on Friday, March 6th. BTIG Research decreased their price objective 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. DA Davidson decreased their target price on Autodesk from $375.00 to $325.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Wells Fargo & Company decreased their target price on Autodesk from $365.00 to $350.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Autodesk in a research note on Wednesday, January 21st. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and an average target price of $333.07.

Autodesk Stock Up 1.2%

Shares of NASDAQ:ADSK opened at $236.62 on Friday. The stock has a market cap of $49.96 billion, a price-to-earnings ratio of 45.16, a PEG ratio of 1.51 and a beta of 1.32. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.82. Autodesk, Inc. has a 12-month low of $214.10 and a 12-month high of $329.09. The business’s 50 day moving average is $241.37 and its 200 day moving average is $264.75.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $0.21. The company had revenue of $1.96 billion for 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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, sell-side analysts forecast that Autodesk, Inc. will post 9.35 earnings per share for the current fiscal year.

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.