Nisa Investment Advisors LLC Sells 9,547 Shares of Autodesk, Inc. $ADSK

Nisa Investment Advisors LLC trimmed its stake in Autodesk, Inc. (NASDAQ:ADSK) by 21.0% in the 4th quarter, HoldingsChannel reports. The firm owned 35,999 shares of the software company’s stock after selling 9,547 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Autodesk were worth $10,656,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in Autodesk by 12.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,180 shares of the software company’s stock worth $48,661,000 after purchasing an additional 17,358 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Autodesk by 18.7% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 130,669 shares of the software company’s stock valued at $41,510,000 after buying an additional 20,543 shares in the last quarter. Pacific Heights Asset Management LLC boosted its holdings in shares of Autodesk by 26.9% during the 3rd quarter. Pacific Heights Asset Management LLC now owns 85,000 shares of the software company’s stock valued at $27,002,000 after buying an additional 18,000 shares in the last quarter. Freemont Management S.A. purchased a new stake in shares of Autodesk in the 3rd quarter worth about $4,765,000. Finally, Renaissance Group LLC purchased a new stake in shares of Autodesk in the 3rd quarter worth about $33,789,000. Institutional investors own 90.24% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on ADSK. Weiss Ratings reissued a “hold (c+)” rating on shares of Autodesk in a research report on Wednesday, January 21st. BMO Capital Markets cut their price objective on shares of Autodesk from $343.00 to $279.00 and set a “market perform” rating on the stock in a report on Monday, March 2nd. Loop Capital decreased their target price on shares of Autodesk from $320.00 to $250.00 and set a “hold” rating for the company in a research note on Thursday, February 19th. KeyCorp reiterated an “overweight” rating on shares of Autodesk in a report on Tuesday, December 16th. Finally, Rosenblatt Securities dropped their price target on Autodesk from $375.00 to $330.00 and set a “buy” rating on the stock in a research report on Tuesday, February 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $342.81.

Autodesk Stock Performance

Shares of Autodesk stock opened at $237.87 on Thursday. Autodesk, Inc. has a 1 year low of $215.01 and a 1 year high of $329.09. The firm’s 50-day moving average is $244.75 and its 200 day moving average is $281.02. The stock has a market cap of $50.19 billion, a price-to-earnings ratio of 45.40, a PEG ratio of 1.59 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 released its quarterly earnings data on Thursday, February 26th. The software company reported $2.85 earnings per share for the quarter, beating analysts’ consensus estimates of $2.64 by $0.21. The business had revenue of $1.96 billion during 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%. Autodesk’s revenue was up 19.4% compared to the same quarter last year. During the same period last year, the business 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. Sell-side analysts anticipate that Autodesk, Inc. will post 5.76 EPS 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.