Vestor Capital LLC grew its position in Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 313.4% in the third quarter, Holdings Channel.com reports. The fund owned 238,101 shares of the software company’s stock after buying an additional 180,507 shares during the period. Autodesk makes up approximately 1.4% of Vestor Capital LLC’s investment portfolio, making the stock its 15th largest position. Vestor Capital LLC’s holdings in Autodesk were worth $49,763,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Ascentis Independent Advisors bought a new position in shares of Autodesk in the 1st quarter worth about $28,000. Johnson Financial Group Inc. bought a new stake in shares of Autodesk during the 2nd quarter valued at about $30,000. Avalon Trust Co acquired a new stake in Autodesk during the second quarter worth about $35,000. Next Level Wealth Planning LLC acquired a new stake in Autodesk during the third quarter worth about $35,000. Finally, Community Financial Services Group LLC bought a new position in Autodesk in the second quarter worth about $37,000. 90.24% of the stock is owned by institutional investors and hedge funds.
Autodesk Stock Performance
ADSK opened at $263.35 on Tuesday. The business’s 50 day moving average is $233.03 and its 200-day moving average is $234.16. The stock has a market cap of $55.04 billion, a PE ratio of 34.07, a price-to-earnings-growth ratio of 1.79 and a beta of 1.27. 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 twelve month low of $185.50 and a twelve month high of $320.00.
Autodesk (NASDAQ:ADSK – Get Free Report) last posted its earnings results on Thursday, August 27th. The software company reported $3.30 EPS for the quarter, beating 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 firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period last year, the firm earned $2.62 EPS. The firm’s revenue was up 16.1% compared to the same quarter last year. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. On average, analysts predict that Autodesk, Inc. will post 9.70 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on ADSK shares. New Street Research set a $277.00 target price on Autodesk in a research note on Thursday, August 20th. The Goldman Sachs Group upgraded Autodesk from a “hold” rating to an “outperform” rating and set a $265.00 price target on the stock in a research report on Thursday, September 17th. Berenberg Bank set a $333.00 price target on Autodesk in a report on Tuesday, September 1st. BTIG Research restated a “buy” rating and set a $300.00 price objective on shares of Autodesk in a research report on Friday, September 18th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $325.00 target price on shares of Autodesk in a research report on Monday. Twenty-six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and an average price target of $317.62.
View Our Latest Stock Analysis on ADSK
Autodesk 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.
Featured Stories
- Five stocks we like better than Autodesk
- Wall Street May Be Making a Big Mistake With monday.com Stock
- Are These 2 Mid-Cap Growth Stocks Worth the Risk?
- Oklo Changes the Narrative: Does a Nuclear Stock Price Explosion Come Next?
- Cloudflare’s 20% Sell-Off May Have Created an Opening for Investors
Want to see what other hedge funds are holding ADSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autodesk, Inc. (NASDAQ:ADSK – Free Report).
Receive News & Ratings for Autodesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk and related companies with MarketBeat.com's FREE daily email newsletter.
