Kestra Investment Management LLC boosted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 29.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 11,960 shares of the software company’s stock after buying an additional 2,688 shares during the quarter. Kestra Investment Management LLC’s holdings in Autodesk were worth $2,500,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the stock. Ascentis Independent Advisors acquired a new position in shares of Autodesk during the 1st quarter worth approximately $28,000. Johnson Financial Group Inc. acquired a new stake in shares of Autodesk in the 2nd quarter valued at approximately $30,000. Next Level Wealth Planning LLC acquired a new stake in shares of Autodesk in the 3rd quarter valued at approximately $35,000. Avalon Trust Co boosted its holdings in shares of Autodesk by 97.8% in the 1st quarter. Avalon Trust Co now owns 180 shares of the software company’s stock valued at $43,000 after buying an additional 89 shares during the last quarter. Finally, Wellington Grp LLC grew its stake in shares of Autodesk by 873.7% in the first quarter. Wellington Grp LLC now owns 185 shares of the software company’s stock valued at $44,000 after buying an additional 166 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages recently weighed in on ADSK. Guggenheim restated a “buy” rating and set a $283.00 target price on shares of Autodesk in a report on Monday, September 21st. BMO Capital Markets increased their price target on shares of Autodesk from $262.00 to $283.00 and gave the company a “market perform” rating in a research note on Friday, August 28th. DA Davidson set a $325.00 price objective on shares of Autodesk in a research report on Friday, August 28th. Weiss Ratings upgraded shares of Autodesk from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, October 6th. Finally, Robert W. Baird upped their target price on shares of Autodesk from $312.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, August 21st. Twenty-six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $317.62.
Get Our Latest Research Report on ADSK
Autodesk Stock Performance
Shares of NASDAQ ADSK opened at $263.35 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.59. Autodesk, Inc. has a 12 month low of $185.50 and a 12 month high of $320.00. The stock has a 50 day moving average of $233.03 and a 200-day moving average of $234.16. The company has a market capitalization of $55.04 billion, a P/E ratio of 34.07, a P/E/G ratio of 1.79 and a beta of 1.27.
Autodesk (NASDAQ:ADSK – Get Free Report) last posted its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $2.01 billion. During the same quarter in the prior year, the business earned $2.62 EPS. The firm’s revenue for the quarter 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 research analysts predict that Autodesk, Inc. will post 9.70 EPS for the current year.
Autodesk Company Profile
Autodesk, Inc develops software and cloud-based services for designing, building, making, and creating digital media. Its tools support professionals and organizations across architecture, engineering, construction, manufacturing, and entertainment.
The company’s products include AutoCAD for computer-aided design, Revit for building information modeling, Fusion for product design and manufacturing, and Maya and 3ds Max for 3D animation and visual effects. Autodesk also offers cloud services that help customers collaborate and manage design and construction projects.
Founded in 1982, Autodesk serves customers around the world.
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