Grandfield & Dodd LLC Buys 5,138 Shares of Autodesk, Inc. $ADSK

Grandfield & Dodd LLC boosted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 3.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 152,450 shares of the software company’s stock after acquiring an additional 5,138 shares during the period. Autodesk accounts for 1.7% of Grandfield & Dodd LLC’s investment portfolio, making the stock its 16th biggest holding. Grandfield & Dodd LLC’s holdings in Autodesk were worth $31,862,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ADSK. BlackRock Inc. acquired a new stake in Autodesk in the 2nd quarter worth $4,828,855,000. State Street Corp grew its position in Autodesk by 2.9% in the second quarter. State Street Corp now owns 10,268,172 shares of the software company’s stock valued at $1,996,338,000 after acquiring an additional 284,621 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Autodesk by 5.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,144,627 shares of the software company’s stock worth $752,824,000 after purchasing an additional 155,255 shares in the last quarter. Bank of America Corp DE bought a new position in shares of Autodesk in the second quarter valued at approximately $576,727,000. Finally, Pictet Asset Management Holding SA boosted its stake in Autodesk by 30.6% in the second quarter. Pictet Asset Management Holding SA now owns 2,746,643 shares of the software company’s stock worth $534,014,000 after purchasing an additional 643,267 shares in the last quarter. 90.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ADSK shares. BMO Capital Markets lifted their price target on shares of Autodesk from $262.00 to $283.00 and gave the stock a “market perform” rating in a research report on Friday, August 28th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $305.00 price objective on shares of Autodesk in a research report on Thursday, September 17th. Rosenblatt Securities reissued a “buy” rating and set a $330.00 price target on shares of Autodesk in a research report on Monday, August 31st. UBS Group reissued a “buy” rating on shares of Autodesk in a research note on Thursday, September 24th. Finally, The Goldman Sachs Group raised Autodesk from a “hold” rating to an “outperform” rating and set a $265.00 price objective for the company in a research report on Thursday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $316.84.

Autodesk Trading Up 3.3%

NASDAQ ADSK opened at $249.61 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.86 and a quick ratio of 0.86. Autodesk, Inc. has a one year low of $185.50 and a one year high of $320.00. The business has a 50 day simple moving average of $232.45 and a 200 day simple moving average of $234.15. The stock has a market capitalization of $52.17 billion, a P/E ratio of 32.29, a P/E/G ratio of 1.65 and a beta of 1.33.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.12 by $0.18. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. Autodesk had a return on equity of 58.63% and a net margin of 21.08%. The company’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $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. Research analysts expect that Autodesk, Inc. will post 9.70 earnings per share for the current year.

Autodesk Profile

Autodesk, Inc develops software and cloud-based services for the architecture, engineering, construction, manufacturing, media and entertainment industries. Its products help customers design, visualize, simulate and manage projects, products and digital content throughout their lifecycles.

The company’s portfolio includes 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 and 3ds Max for animation, modeling and visual effects.