Oxbow Advisors LLC Invests $2.95 Million in Autodesk, Inc. $ADSK

Oxbow Advisors LLC acquired a new position in Autodesk, Inc. (NASDAQ:ADSK) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 9,960 shares of the software company’s stock, valued at approximately $2,948,000.

Several other large investors also recently added to or reduced their stakes in ADSK. NewEdge Wealth LLC grew its position in Autodesk by 76.1% during the fourth quarter. NewEdge Wealth LLC now owns 9,993 shares of the software company’s stock worth $2,958,000 after buying an additional 4,319 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of Autodesk by 17.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 39,755 shares of the software company’s stock valued at $11,768,000 after acquiring an additional 6,033 shares in the last quarter. Ethic Inc. boosted its position in shares of Autodesk by 6.2% during the 4th quarter. Ethic Inc. now owns 29,116 shares of the software company’s stock valued at $8,618,000 after acquiring an additional 1,688 shares during the last quarter. Ballentine Partners LLC grew its holdings in shares of Autodesk by 3.1% during the fourth quarter. Ballentine Partners LLC now owns 5,516 shares of the software company’s stock worth $1,633,000 after purchasing an additional 165 shares in the last quarter. Finally, GRIMES & Co WEALTH MANAGEMENT LLC grew its holdings in shares of Autodesk by 8.5% during the fourth quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 692 shares of the software company’s stock worth $205,000 after purchasing an additional 54 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Down 2.6%

Shares of ADSK opened at $244.50 on Friday. Autodesk, Inc. has a 1 year low of $214.10 and a 1 year high of $329.09. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a 50 day simple moving average of $242.28 and a two-hundred day simple moving average of $267.54. The firm has a market cap of $51.63 billion, a P/E ratio of 46.66, a P/E/G ratio of 1.62 and a beta of 1.32.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results 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 firm had revenue of $1.96 billion for 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 period last year, the firm posted $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, analysts forecast that Autodesk, Inc. will post 9.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ADSK has been the topic of a number of recent analyst reports. Citigroup reaffirmed 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. Wolfe Research increased their price target on shares of Autodesk from $330.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. BTIG Research lowered their price objective on shares of Autodesk from $365.00 to $300.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Royal Bank Of Canada dropped their price objective on shares of Autodesk from $340.00 to $335.00 and set an “outperform” rating for the company in a report on Friday, February 27th. Finally, DA Davidson cut their target price on shares of Autodesk from $375.00 to $325.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $335.93.

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.