Autodesk, Inc. $ADSK Shares Bought by Dorsal Capital Management LP

Dorsal Capital Management LP grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 5.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 450,000 shares of the software company’s stock after buying an additional 25,000 shares during the period. Autodesk accounts for about 3.8% of Dorsal Capital Management LP’s investment portfolio, making the stock its 13th biggest holding. Dorsal Capital Management LP owned 0.21% of Autodesk worth $142,952,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Autodesk by 12.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,180 shares of the software company’s stock worth $48,661,000 after purchasing an additional 17,358 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its stake in Autodesk by 18.7% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 130,669 shares of the software company’s stock valued at $41,510,000 after buying an additional 20,543 shares during the period. Pacific Heights Asset Management LLC raised its position in shares of Autodesk by 26.9% during the 3rd quarter. Pacific Heights Asset Management LLC now owns 85,000 shares of the software company’s stock worth $27,002,000 after buying an additional 18,000 shares in the last quarter. Freemont Management S.A. acquired a new stake in shares of Autodesk in the 3rd quarter worth approximately $4,765,000. Finally, Renaissance Group LLC acquired a new stake in shares of Autodesk in the 3rd quarter worth approximately $33,789,000. 90.24% of the stock is owned by institutional investors.

Autodesk Trading Up 0.5%

Autodesk stock opened at $251.17 on Friday. Autodesk, Inc. has a 1 year low of $215.01 and a 1 year high of $329.09. The firm’s 50 day moving average price is $252.57 and its two-hundred day moving average price is $287.69. The firm has a market cap of $53.00 billion, a price-to-earnings ratio of 47.93, a price-to-earnings-growth ratio of 1.66 and a beta of 1.45. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.85 and a current ratio of 0.85.

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ADSK shares. Piper Sandler reiterated an “overweight” rating and set a $383.00 price objective (up from $373.00) on shares of Autodesk in a research note on Monday, March 2nd. Royal Bank Of Canada cut their target price on Autodesk from $340.00 to $335.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Citigroup lifted their price target on Autodesk from $315.00 to $331.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. Morgan Stanley dropped their price objective on Autodesk from $385.00 to $350.00 and set an “overweight” rating on the stock in a research note on Monday, February 23rd. Finally, Macquarie Infrastructure upped their price objective on Autodesk from $380.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, November 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and a consensus price target 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.