Varenne Capital Partners Acquires New Position in Autodesk, Inc. $ADSK

Varenne Capital Partners bought a new position in Autodesk, Inc. (NASDAQ:ADSK) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 67,873 shares of the software company’s stock, valued at approximately $21,561,000. Autodesk comprises approximately 4.1% of Varenne Capital Partners’ holdings, making the stock its 12th biggest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of ADSK. Brighton Jones LLC grew its holdings in shares of Autodesk by 14.5% during the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock valued at $343,000 after purchasing an additional 147 shares during the last quarter. Sivia Capital Partners LLC boosted its position in Autodesk by 98.1% during the second quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock valued at $765,000 after buying an additional 1,224 shares during the period. Schnieders Capital Management LLC. bought a new position in shares of Autodesk during the second quarter valued at about $466,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Autodesk in the second quarter worth about $861,000. Finally, Welch & Forbes LLC purchased a new position in shares of Autodesk in the second quarter worth about $348,000. 90.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ADSK has been the topic of several recent research reports. Wells Fargo & Company reduced their price target on Autodesk from $365.00 to $350.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. UBS Group lowered their price objective on Autodesk from $400.00 to $290.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. Oppenheimer cut their target price on shares of Autodesk from $375.00 to $325.00 and set an “outperform” rating on the stock in a report on Tuesday, February 24th. BTIG Research lowered their price target on shares of Autodesk from $365.00 to $300.00 and set a “buy” rating for the company in a report on Friday, February 27th. Finally, Wolfe Research raised their price target on shares of Autodesk from $330.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Autodesk currently has a consensus rating of “Moderate Buy” and a consensus price target of $341.96.

Autodesk Stock Up 2.6%

Shares of Autodesk stock opened at $253.40 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.82 and a debt-to-equity ratio of 0.82. Autodesk, Inc. has a 12-month low of $215.01 and a 12-month high of $329.09. The company has a market cap of $53.72 billion, a P/E ratio of 48.36, a PEG ratio of 1.78 and a beta of 1.45. The company’s fifty day simple moving average is $259.08 and its two-hundred day simple moving average is $289.44.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share for the quarter, beating analysts’ consensus estimates of $2.64 by $0.21. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the previous year, the firm posted $2.29 EPS. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. Research analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current year.

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.