Bill Few Associates Inc. purchased a new position in Autodesk, Inc. (NASDAQ:ADSK – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 9,615 shares of the software company’s stock, valued at approximately $2,010,000.
Several other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in Autodesk during the 2nd quarter worth $4,828,855,000. State Street Corp raised its stake in shares of Autodesk by 2.9% in the 2nd quarter. State Street Corp now owns 10,268,172 shares of the software company’s stock valued at $1,996,338,000 after purchasing an additional 284,621 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Autodesk by 46.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,989,372 shares of the software company’s stock worth $884,884,000 after purchasing an additional 952,343 shares during the last quarter. Bank of America Corp DE bought a new position in shares of Autodesk during the second quarter worth about $576,727,000. Finally, Pictet Asset Management Holding SA grew its stake in Autodesk by 30.6% in the second quarter. Pictet Asset Management Holding SA now owns 2,746,643 shares of the software company’s stock worth $534,014,000 after purchasing an additional 643,267 shares in the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
ADSK has been the topic of several research reports. UBS Group restated a “buy” rating on shares of Autodesk in a research note on Thursday, September 24th. Robert W. Baird boosted their price target on Autodesk from $312.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, August 21st. DA Davidson set a $325.00 price target on Autodesk in a research report on Friday, August 28th. Citigroup raised their price objective on Autodesk from $269.00 to $276.00 and gave the stock a “neutral” rating in a research note on Monday, August 31st. Finally, Barclays reaffirmed an “overweight” rating on shares of Autodesk in a report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $316.84.
Autodesk Stock Performance
Shares of NASDAQ:ADSK traded up $1.75 during trading on Friday, hitting $235.35. 1,776,652 shares of the company traded hands, compared to its average volume of 2,310,583. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.59. The business’s fifty day moving average is $233.13 and its 200-day moving average is $228.00. The stock has a market capitalization of $49.19 billion, a price-to-earnings ratio of 30.45, a PEG ratio of 1.56 and a beta of 1.33. Autodesk, Inc. has a one year low of $185.50 and a one year high of $320.00.
Autodesk (NASDAQ:ADSK – Get Free Report) last announced its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.12 by $0.18. Autodesk had a return on equity of 58.63% and a net margin of 21.08%.The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the business posted $2.62 EPS. The business’s revenue was up 16.1% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. As a group, equities analysts predict that Autodesk, Inc. will post 9.71 earnings per share for the current fiscal year.
Autodesk Profile
Autodesk, Inc develops software and cloud-based services for people and organizations involved in architecture, engineering, construction, manufacturing, media and entertainment, and other design-related industries. Its tools help customers create, visualize, simulate and manage digital models and workflows throughout the product and building lifecycle.
The company’s products include AutoCAD for computer-aided design; Revit for building information modeling; Civil 3D for civil engineering and infrastructure design; Inventor and Fusion for product design and manufacturing; and Maya, 3ds Max and Arnold for media and entertainment production.
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