BI Asset Management Fondsmaeglerselskab A S Grows Stock Position in Autodesk, Inc. $ADSK

BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 18.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 130,669 shares of the software company’s stock after purchasing an additional 20,543 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Autodesk were worth $41,510,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Proffitt & Goodson Inc. acquired a new stake in shares of Autodesk in the third quarter valued at about $27,000. Access Investment Management LLC purchased a new stake in Autodesk during the 2nd quarter valued at about $28,000. Heartwood Wealth Advisors LLC purchased a new stake in Autodesk during the 3rd quarter valued at about $28,000. Tripletail Wealth Management LLC acquired a new stake in Autodesk in the 3rd quarter valued at about $29,000. Finally, E Fund Management Hong Kong Co. Ltd. lifted its stake in Autodesk by 67.8% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 99 shares of the software company’s stock worth $31,000 after purchasing an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on ADSK. BTIG Research assumed coverage on Autodesk in a report on Tuesday, December 16th. They issued a “buy” rating and a $365.00 price target for the company. JPMorgan Chase & Co. upgraded Autodesk from a “neutral” rating to an “overweight” rating and set a $319.00 target price for the company in a report on Monday. Rothschild & Co Redburn initiated coverage on Autodesk in a report on Friday, January 9th. They set a “buy” rating and a $375.00 price target on the stock. Wolfe Research lowered their price target on shares of Autodesk from $390.00 to $330.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, Piper Sandler restated an “overweight” rating on shares of Autodesk in a research report on Tuesday, January 13th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $369.24.

Autodesk Stock Up 1.1%

Shares of NASDAQ:ADSK opened at $243.41 on Thursday. The company has a market capitalization of $51.60 billion, a price-to-earnings ratio of 47.17, a PEG ratio of 1.68 and a beta of 1.45. Autodesk, Inc. has a 12-month low of $232.67 and a 12-month high of $329.09. The business has a 50-day moving average price of $284.70 and a 200 day moving average price of $297.89. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.86.

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

Autodesk Company 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.