Autodesk, Inc. $ADSK Stock Holdings Increased by CX Institutional

CX Institutional lifted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 6,331.3% during the third quarter, Holdings Channel reports. The fund owned 40,067 shares of the software company’s stock after purchasing an additional 39,444 shares during the quarter. CX Institutional’s holdings in Autodesk were worth $8,374,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Andra AP fonden raised its position in shares of Autodesk by 13.0% in the second quarter. Andra AP fonden now owns 81,902 shares of the software company’s stock valued at $15,923,000 after buying an additional 9,440 shares during the last quarter. State Street Corp boosted its position in Autodesk by 2.9% during the second quarter. State Street Corp now owns 10,268,172 shares of the software company’s stock worth $1,996,338,000 after acquiring an additional 284,621 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Autodesk by 116.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 444,419 shares of the software company’s stock worth $86,404,000 after acquiring an additional 239,524 shares during the period. National Pension Service grew its stake in Autodesk by 4.1% in the 2nd quarter. National Pension Service now owns 849,876 shares of the software company’s stock worth $165,233,000 after acquiring an additional 33,448 shares during the period. Finally, WINTON GROUP Ltd raised its holdings in Autodesk by 438.6% in the 2nd quarter. WINTON GROUP Ltd now owns 35,659 shares of the software company’s stock valued at $6,933,000 after acquiring an additional 29,038 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Trading Up 0.3%

Shares of NASDAQ ADSK traded up $0.69 during midday trading on Friday, hitting $212.00. The stock had a trading volume of 1,667,346 shares, compared to its average volume of 2,309,832. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.59. Autodesk, Inc. has a 1-year low of $185.50 and a 1-year high of $326.20. The company has a market capitalization of $44.31 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 1.38 and a beta of 1.33. The company has a fifty day moving average price of $233.53 and a 200 day moving average price of $228.80.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 EPS for the quarter, beating the consensus estimate of $3.12 by $0.18. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. Autodesk’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.62 earnings per share. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. On average, analysts predict that Autodesk, Inc. will post 9.71 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ADSK shares. Citigroup raised their price objective on Autodesk from $269.00 to $276.00 and gave the stock a “neutral” rating in a report on Monday, August 31st. New Street Research set a $277.00 target price on Autodesk in a research report on Thursday, August 20th. Barclays reissued an “overweight” rating on shares of Autodesk in a research note on Wednesday, August 19th. Berenberg Bank set a $333.00 price target on Autodesk in a report on Tuesday, September 1st. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Autodesk in a research note on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $316.84.

Autodesk Company Profile

Autodesk, Inc develops software and cloud-based services for people and organizations involved in architecture, engineering, construction, manufacturing, media and entertainment, and other design-related industries. Its tools help customers create, visualize, simulate and manage digital models and workflows throughout the product and building lifecycle.

The company’s products include 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, 3ds Max and Arnold for media and entertainment production.