Concurrent Investment Advisors LLC Has $1.75 Million Stock Holdings in Autodesk, Inc. $ADSK

Concurrent Investment Advisors LLC lifted its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 79.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,902 shares of the software company’s stock after buying an additional 2,608 shares during the period. Concurrent Investment Advisors LLC’s holdings in Autodesk were worth $1,747,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ADSK. Measured Wealth Private Client Group LLC purchased a new stake in shares of Autodesk during the third quarter worth $25,000. Proffitt & Goodson Inc. purchased a new position in Autodesk in the third quarter valued at about $27,000. Tripletail Wealth Management LLC purchased a new position in Autodesk in the third quarter valued at about $29,000. Financial Consulate Inc. purchased a new position in Autodesk in the third quarter valued at about $32,000. Finally, Salomon & Ludwin LLC grew its stake in Autodesk by 1,275.0% in the third quarter. Salomon & Ludwin LLC now owns 110 shares of the software company’s stock valued at $35,000 after purchasing an additional 102 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $235.87 on Thursday. Autodesk, Inc. has a fifty-two week low of $214.10 and a fifty-two week high of $329.09. The business has a 50-day moving average of $240.59 and a two-hundred day moving average of $269.47. The stock has a market capitalization of $49.77 billion, a P/E ratio of 45.01, a P/E/G ratio of 1.56 and a beta of 1.43. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.85.

Autodesk (NASDAQ:ADSK) last announced 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. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter in the previous year, the firm earned $2.29 earnings per share. The business’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. On average, equities research analysts predict that Autodesk, Inc. will post 9.35 EPS for the current fiscal year.

Analyst Ratings Changes

ADSK has been the topic of a number of recent research reports. Wells Fargo & Company lowered their target price on Autodesk from $365.00 to $350.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. Zacks Research upgraded Autodesk from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Citigroup restated a “neutral” rating and issued a $246.00 target price (down from $331.00) on shares of Autodesk in a research note on Friday, April 10th. JPMorgan Chase & Co. boosted their target price on Autodesk from $319.00 to $336.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Autodesk in a research note on Wednesday, January 21st. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Autodesk has an average rating of “Moderate Buy” and a consensus price target of $335.93.

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.