Autodesk, Inc. $ADSK Shares Acquired by Legal & General Group Plc

Legal & General Group Plc lifted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 4.1% during the third quarter, HoldingsChannel.com reports. The fund owned 2,019,358 shares of the software company’s stock after purchasing an additional 80,246 shares during the quarter. Legal & General Group Plc’s holdings in Autodesk were worth $641,489,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in Autodesk during the second quarter worth $777,202,000. Rakuten Investment Management Inc. acquired a new stake in Autodesk in the third quarter valued at $268,649,000. Geode Capital Management LLC boosted its position in shares of Autodesk by 15.1% during 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 in the last quarter. First Trust Advisors LP grew its stake in shares of Autodesk by 197.1% during the 3rd quarter. First Trust Advisors LP now owns 910,768 shares of the software company’s stock worth $289,324,000 after purchasing an additional 604,235 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Autodesk by 18.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,544,520 shares of the software company’s stock valued at $1,125,988,000 after purchasing an additional 564,136 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Stock Performance

Shares of ADSK opened at $253.85 on Wednesday. Autodesk, Inc. has a 12-month low of $215.01 and a 12-month high of $329.09. The stock has a market cap of $53.56 billion, a P/E ratio of 48.44, a PEG ratio of 1.73 and a beta of 1.45. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.82. The company has a 50-day moving average of $255.09 and a two-hundred day moving average of $288.41.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, February 26th. The software company reported $2.85 EPS for the quarter, beating the consensus estimate of $2.64 by $0.21. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period in the prior year, the business earned $2.29 earnings per share. The company’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, research analysts predict that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ADSK shares. Piper Sandler reissued an “overweight” rating and set a $383.00 price objective (up from $373.00) on shares of Autodesk in a report on Monday, March 2nd. JPMorgan Chase & Co. lifted their price target on shares of Autodesk from $319.00 to $336.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Macquarie Infrastructure boosted their price target on Autodesk from $380.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. UBS Group lowered their price target on Autodesk from $400.00 to $290.00 and set a “buy” rating on the stock in a report on Monday, February 23rd. Finally, Barclays lifted their price objective on Autodesk from $300.00 to $315.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $341.96.

Autodesk Profile

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.