PFA Pension Forsikringsaktieselskab Acquires New Stake in Autodesk, Inc. $ADSK

PFA Pension Forsikringsaktieselskab acquired a new stake in Autodesk, Inc. (NASDAQ:ADSK) during the 4th quarter, HoldingsChannel reports. The firm acquired 219,874 shares of the software company’s stock, valued at approximately $65,861,000.

Several other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Autodesk by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 21,493,167 shares of the software company’s stock valued at $6,362,192,000 after acquiring an additional 78,928 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Autodesk by 18.9% during 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 acquiring an additional 564,136 shares during the period. Amundi raised its holdings in Autodesk by 3.0% during the 3rd quarter. Amundi now owns 2,726,105 shares of the software company’s stock valued at $881,704,000 after acquiring an additional 79,171 shares during the period. Northern Trust Corp raised its holdings in Autodesk by 0.4% during the 3rd quarter. Northern Trust Corp now owns 2,517,683 shares of the software company’s stock valued at $799,792,000 after acquiring an additional 10,169 shares during the period. Finally, Legal & General Group Plc raised its holdings in Autodesk by 4.1% during the 3rd quarter. Legal & General Group Plc now owns 2,019,358 shares of the software company’s stock valued at $641,489,000 after acquiring an additional 80,246 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on ADSK shares. Rosenblatt Securities reduced their price target on shares of Autodesk from $375.00 to $330.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. UBS Group reduced their price target on shares of Autodesk from $400.00 to $290.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. BMO Capital Markets reduced their price target on shares of Autodesk from $343.00 to $279.00 and set a “market perform” rating for the company in a research report on Monday, March 2nd. Jefferies Financial Group started coverage on shares of Autodesk in a research report on Wednesday, April 15th. They set a “buy” rating and a $300.00 price target for the company. Finally, JPMorgan Chase & Co. boosted 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. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $335.93.

Autodesk Stock Performance

NASDAQ ADSK opened at $244.35 on Friday. Autodesk, Inc. has a 52-week low of $214.10 and a 52-week high of $329.09. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $51.64 billion, a P/E ratio of 46.63, a P/E/G ratio of 1.62 and a beta of 1.32. The company has a fifty day moving average of $240.74 and a 200-day moving average of $268.97.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data 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 net margin of 15.60% and a return on equity of 53.51%. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the previous year, the firm posted $2.29 EPS. The firm’s revenue 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. As a group, equities research analysts predict that Autodesk, Inc. will post 9.35 EPS for the current fiscal 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.