Massachusetts Financial Services Co. MA Increases Holdings in Autodesk, Inc. $ADSK

Massachusetts Financial Services Co. MA lifted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 18.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,544,520 shares of the software company’s stock after purchasing an additional 564,136 shares during the period. Massachusetts Financial Services Co. MA owned about 1.66% of Autodesk worth $1,125,988,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in ADSK. Norges Bank purchased a new position in Autodesk in the second quarter valued at about $777,202,000. Geode Capital Management LLC raised its holdings in shares of Autodesk by 15.1% in the 2nd quarter. Geode Capital Management LLC now owns 5,606,264 shares of the software company’s stock worth $1,730,415,000 after purchasing an additional 734,449 shares during the period. Vontobel Holding Ltd. lifted its stake in Autodesk by 254.2% in the third quarter. Vontobel Holding Ltd. now owns 676,701 shares of the software company’s stock valued at $214,968,000 after purchasing an additional 485,661 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its holdings in Autodesk by 210.9% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 639,645 shares of the software company’s stock valued at $198,031,000 after purchasing an additional 433,908 shares during the period. Finally, AQR Capital Management LLC increased its position in Autodesk by 68.9% in the second quarter. AQR Capital Management LLC now owns 967,469 shares of the software company’s stock worth $297,458,000 after buying an additional 394,768 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Autodesk Trading Up 1.3%

Autodesk stock opened at $265.69 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.82 and a current ratio of 0.82. Autodesk, Inc. has a fifty-two week low of $232.67 and a fifty-two week high of $329.09. The stock has a market cap of $56.33 billion, a P/E ratio of 51.49, a PEG ratio of 2.16 and a beta of 1.46. The firm’s fifty day moving average price is $293.98 and its 200-day moving average price is $301.62.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Tuesday, November 25th. The software company reported $2.67 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.17. The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Autodesk had a return on equity of 52.06% and a net margin of 16.09%.The company’s revenue was up 18.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.17 EPS. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS and its Q4 2026 guidance at 2.590-2.67 EPS. Equities research analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. KeyCorp reaffirmed an “overweight” rating on shares of Autodesk in a research report on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft upgraded Autodesk from a “hold” rating to a “buy” rating and boosted their price objective for the company from $345.00 to $375.00 in a research note on Wednesday, November 26th. The Goldman Sachs Group increased their target price on shares of Autodesk from $320.00 to $330.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. BMO Capital Markets boosted their price target on shares of Autodesk from $333.00 to $343.00 and gave the company a “market perform” rating in a research report on Wednesday, November 26th. Finally, Wall Street Zen downgraded shares of Autodesk from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 28th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Autodesk has an average rating of “Moderate Buy” and a consensus target price of $369.97.

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.