Autodesk, Inc. $ADSK Shares Acquired by Allstate Corp

Allstate Corp lifted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 109.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,947 shares of the software company’s stock after buying an additional 8,837 shares during the quarter. Allstate Corp’s holdings in Autodesk were worth $5,016,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Fisher Asset Management LLC boosted its holdings in Autodesk by 0.3% in the fourth quarter. Fisher Asset Management LLC now owns 761,009 shares of the software company’s stock valued at $225,266,000 after purchasing an additional 2,107 shares in the last quarter. Choate Investment Advisors lifted its stake in Autodesk by 22.8% in the fourth quarter. Choate Investment Advisors now owns 3,307 shares of the software company’s stock valued at $979,000 after buying an additional 614 shares during the last quarter. Clearstead Advisors LLC lifted its stake in Autodesk by 22.3% in the fourth quarter. Clearstead Advisors LLC now owns 2,701 shares of the software company’s stock valued at $800,000 after buying an additional 493 shares during the last quarter. Legal & General Group Plc lifted its stake in Autodesk by 3.5% in the fourth quarter. Legal & General Group Plc now owns 2,089,026 shares of the software company’s stock valued at $618,373,000 after buying an additional 69,668 shares during the last quarter. Finally, Main Street Research LLC lifted its stake in Autodesk by 1.5% in the fourth quarter. Main Street Research LLC now owns 14,291 shares of the software company’s stock valued at $4,230,000 after buying an additional 217 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Trading Down 1.1%

Shares of ADSK stock opened at $238.23 on Wednesday. The business’s fifty day moving average price is $239.35 and its 200 day moving average price is $261.42. Autodesk, Inc. has a 1-year low of $214.10 and a 1-year high of $329.09. The firm has a market capitalization of $50.30 billion, a PE ratio of 45.46, a P/E/G ratio of 1.55 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 (NASDAQ:ADSK) last announced its quarterly earnings data 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 firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the prior year, the company posted $2.29 earnings per share. Autodesk’s quarterly revenue was up 19.4% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. As a group, sell-side analysts forecast that Autodesk, Inc. will post 9.35 EPS for the current fiscal year.

Analyst Ratings Changes

ADSK has been the subject of a number of research reports. Piper Sandler reiterated an “overweight” rating and issued a $383.00 price objective (up from $373.00) on shares of Autodesk in a research note on Monday, March 2nd. Stifel Nicolaus reduced their price objective on Autodesk from $375.00 to $285.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. Deutsche Bank Aktiengesellschaft cut their price target on Autodesk from $375.00 to $330.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. Wolfe Research upped their price target on Autodesk from $330.00 to $350.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Finally, Citigroup restated a “neutral” rating and set a $246.00 price target (down from $331.00) on shares of Autodesk in a research note on Friday, April 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and a consensus price target of $330.96.

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.