Azzad Asset Management Inc. ADV Purchases Shares of 2,315 Autodesk, Inc. $ADSK

Azzad Asset Management Inc. ADV purchased a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 2,315 shares of the software company’s stock, valued at approximately $685,000.

A number of other institutional investors have also recently added to or reduced their stakes in ADSK. Brighton Jones LLC grew its position in Autodesk by 14.5% during the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock valued at $343,000 after acquiring an additional 147 shares during the period. Sivia Capital Partners LLC grew its position in Autodesk by 98.1% during the second quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock valued at $765,000 after acquiring an additional 1,224 shares during the period. Schnieders Capital Management LLC. purchased a new stake in Autodesk during the second quarter valued at about $466,000. Baird Financial Group Inc. boosted its position in shares of Autodesk by 7.5% in the second quarter. Baird Financial Group Inc. now owns 10,048 shares of the software company’s stock worth $3,111,000 after buying an additional 701 shares during the period. Finally, Jump Financial LLC boosted its position in shares of Autodesk by 902.1% in the second quarter. Jump Financial LLC now owns 12,215 shares of the software company’s stock worth $3,781,000 after buying an additional 10,996 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on ADSK. Wells Fargo & Company decreased their target price on Autodesk from $365.00 to $350.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. Piper Sandler reaffirmed an “overweight” rating and issued a $383.00 target price (up from $373.00) on shares of Autodesk in a research report on Monday, March 2nd. Argus raised Autodesk to a “strong-buy” rating in a research report on Friday, March 6th. BMO Capital Markets decreased their target price on Autodesk from $343.00 to $279.00 and set a “market perform” rating for the company in a research report on Monday, March 2nd. Finally, Arete Research decreased their target price on Autodesk from $460.00 to $456.00 and set a “buy” rating for the company in a research report on Thursday, March 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $342.81.

Autodesk Trading Up 2.4%

Shares of ADSK opened at $240.65 on Thursday. The company has a market capitalization of $50.78 billion, a P/E ratio of 45.93, a P/E/G ratio of 1.58 and a beta of 1.43. Autodesk, Inc. has a one year low of $215.01 and a one year high of $329.09. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a 50-day moving average price of $241.57 and a 200 day moving average price of $278.11.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, February 26th. The software company reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.64 by $0.21. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.91 billion. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.Autodesk’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the business 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. Sell-side analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

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.