Autodesk, Inc. $ADSK Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 4.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,125,752 shares of the software company’s stock after buying an additional 45,316 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.54% of Autodesk worth $235,282,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. acquired a new position in Autodesk in the third quarter valued at approximately $42,860,000. ProShare Advisors LLC grew its position in Autodesk by 3.0% during the third quarter. ProShare Advisors LLC now owns 251,101 shares of the software company’s stock worth $52,480,000 after buying an additional 7,274 shares during the period. Vise Technologies Inc. acquired a new position in shares of Autodesk during the 3rd quarter worth $1,876,000. Grandfield & Dodd LLC increased its position in Autodesk by 3.5% during the third quarter. Grandfield & Dodd LLC now owns 152,450 shares of the software company’s stock worth $31,862,000 after buying an additional 5,138 shares in the last quarter. Finally, Avestar Capital LLC purchased a new position in shares of Autodesk during the 3rd quarter worth $340,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Royal Bank Of Canada reissued an “outperform” rating and issued a $305.00 price objective on shares of Autodesk in a research report on Thursday, September 17th. Weiss Ratings raised Autodesk from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, October 6th. KeyCorp reiterated an “overweight” rating on shares of Autodesk in a report on Wednesday, August 19th. Cantor Fitzgerald initiated coverage on shares of Autodesk in a research note on Monday, September 14th. They issued a “neutral” rating and a $215.00 price objective on the stock. Finally, Guggenheim reissued a “buy” rating and issued a $283.00 price target on shares of Autodesk in a research report on Monday, September 21st. One equities research 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $316.84.

Autodesk Price Performance

Shares of Autodesk stock opened at $249.61 on Monday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market capitalization of $52.17 billion, a P/E ratio of 32.29, a price-to-earnings-growth ratio of 1.65 and a beta of 1.27. Autodesk, Inc. has a 1 year low of $185.50 and a 1 year high of $320.00. The business has a 50-day moving average of $232.45 and a two-hundred day moving average of $234.15.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data 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 company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the firm posted $2.62 EPS. The firm’s revenue for the quarter 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. As a group, equities analysts predict that Autodesk, Inc. will post 9.70 EPS for the current year.

Autodesk Profile

Autodesk, Inc develops software and cloud-based services for the architecture, engineering, construction, manufacturing, media and entertainment industries. Its products help customers design, visualize, simulate and manage projects, products and digital content throughout their lifecycles.

The company’s portfolio includes 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 and 3ds Max for animation, modeling and visual effects.