Northwestern Mutual Wealth Management Co. Raises Position in Autodesk, Inc. $ADSK

Northwestern Mutual Wealth Management Co. boosted its stake in Autodesk, Inc. (NASDAQ:ADSK) by 44,345.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,280,515 shares of the software company’s stock after buying an additional 2,275,384 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Autodesk were worth $675,055,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ADSK. AustralianSuper Pty Ltd raised its holdings in Autodesk by 20.9% in the 4th quarter. AustralianSuper Pty Ltd now owns 86,182 shares of the software company’s stock valued at $25,511,000 after acquiring an additional 14,882 shares during the last quarter. New York Life Investment Management LLC raised its holdings in Autodesk by 0.7% in the 4th quarter. New York Life Investment Management LLC now owns 31,575 shares of the software company’s stock valued at $9,347,000 after acquiring an additional 204 shares during the last quarter. Simmons Bank raised its holdings in Autodesk by 1.2% in the 4th quarter. Simmons Bank now owns 10,988 shares of the software company’s stock valued at $3,253,000 after acquiring an additional 128 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. raised its holdings in Autodesk by 312.9% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 735 shares of the software company’s stock valued at $218,000 after acquiring an additional 557 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in Autodesk by 45.6% in the 4th quarter. Allworth Financial LP now owns 1,845 shares of the software company’s stock valued at $546,000 after acquiring an additional 578 shares during the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Stock Up 1.2%

Shares of NASDAQ ADSK opened at $236.62 on Friday. The company has a 50 day simple moving average of $241.37 and a 200-day simple moving average of $264.75. The company has a market capitalization of $49.96 billion, a P/E ratio of 45.16, a P/E/G ratio of 1.51 and a beta of 1.32. 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, Inc. has a 1 year low of $214.10 and a 1 year high of $329.09.

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

Analyst Ratings Changes

ADSK has been the subject of a number of recent research reports. Robert W. Baird cut their price objective on shares of Autodesk from $355.00 to $312.00 and set an “outperform” rating for the company in a report on Friday, April 17th. BMO Capital Markets cut their price objective on shares of Autodesk from $343.00 to $279.00 and set a “market perform” rating for the company in a report on Monday, March 2nd. Zacks Research upgraded shares of Autodesk from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Oppenheimer cut their price objective on shares of Autodesk from $375.00 to $325.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. Finally, UBS Group cut their price objective on shares of Autodesk from $400.00 to $290.00 and set a “buy” rating for the company in a report on Monday, February 23rd. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $333.07.

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.