Autodesk, Inc. $ADSK Shares Sold by Canada Post Corp Registered Pension Plan

Canada Post Corp Registered Pension Plan trimmed its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 10.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,932 shares of the software company’s stock after selling 4,308 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in Autodesk were worth $10,932,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in ADSK. Northwestern Mutual Wealth Management Co. raised its position in shares of Autodesk by 44,345.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,280,515 shares of the software company’s stock worth $675,055,000 after acquiring an additional 2,275,384 shares in the last quarter. Rakuten Investment Management Inc. purchased a new position in Autodesk in the third quarter valued at approximately $268,649,000. Wellington Management Group LLP increased its stake in Autodesk by 326.9% in the third quarter. Wellington Management Group LLP now owns 918,010 shares of the software company’s stock valued at $291,624,000 after purchasing an additional 702,974 shares during the last quarter. First Trust Advisors LP raised its holdings in Autodesk by 197.1% during the third quarter. First Trust Advisors LP now owns 910,768 shares of the software company’s stock worth $289,324,000 after purchasing an additional 604,235 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in Autodesk by 18.9% during 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. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Trading Up 1.2%

Shares of ADSK stock opened at $236.62 on Friday. The stock has a market cap of $49.96 billion, a P/E ratio of 45.16, a P/E/G ratio of 1.53 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 fifty-two week low of $214.10 and a fifty-two week high of $329.09. The business has a fifty day simple moving average of $241.37 and a 200-day simple moving average of $264.75.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, February 26th. The software company reported $2.85 EPS for the quarter, topping the consensus estimate of $2.64 by $0.21. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.91 billion. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the previous year, the firm 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, analysts forecast that Autodesk, Inc. will post 9.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Argus upgraded Autodesk to a “strong-buy” rating in a research note on Friday, March 6th. Morgan Stanley reissued an “overweight” rating on shares of Autodesk in a research note on Wednesday, March 18th. Citigroup reiterated a “neutral” rating and issued a $246.00 price target (down from $331.00) on shares of Autodesk in a report on Friday, April 10th. Rosenblatt Securities decreased their price objective on shares of Autodesk from $375.00 to $330.00 and set a “buy” rating on the stock in a report on Tuesday, February 24th. Finally, Wolfe Research upped their target price on shares of Autodesk from $330.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $333.07.

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.