Rakuten Investment Management Inc. Buys New Position in Autodesk, Inc. $ADSK

Rakuten Investment Management Inc. purchased a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 845,685 shares of the software company’s stock, valued at approximately $268,649,000. Autodesk accounts for about 0.9% of Rakuten Investment Management Inc.’s investment portfolio, making the stock its 10th largest holding. Rakuten Investment Management Inc. owned about 0.40% of Autodesk as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Brighton Jones LLC lifted its holdings in Autodesk by 14.5% during the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock worth $343,000 after buying an additional 147 shares in the last quarter. Sivia Capital Partners LLC increased its position in shares of Autodesk by 98.1% during the second quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock worth $765,000 after acquiring an additional 1,224 shares during the period. Diversified Trust Co raised its stake in shares of Autodesk by 42.6% in the second quarter. Diversified Trust Co now owns 3,244 shares of the software company’s stock valued at $1,004,000 after acquiring an additional 969 shares in the last quarter. CX Institutional boosted its holdings in Autodesk by 12.7% in the second quarter. CX Institutional now owns 1,409 shares of the software company’s stock valued at $436,000 after purchasing an additional 159 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in Autodesk by 10.1% in the second quarter. Farther Finance Advisors LLC now owns 1,252 shares of the software company’s stock valued at $388,000 after purchasing an additional 115 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analyst Ratings Changes

ADSK has been the topic of several recent research reports. Hsbc Global Res upgraded Autodesk from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Rothschild Redb raised Autodesk to a “strong-buy” rating in a research report on Friday, January 9th. Citigroup raised their target price on shares of Autodesk from $370.00 to $382.00 and gave the company a “buy” rating in a report on Friday, November 28th. Rosenblatt Securities reiterated a “buy” rating and issued a $355.00 price target on shares of Autodesk in a research note on Monday, November 24th. Finally, Wolfe Research increased their price objective on shares of Autodesk from $370.00 to $390.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $369.97.

Autodesk Stock Down 4.4%

ADSK stock opened at $253.87 on Wednesday. The stock has a market cap of $53.82 billion, a P/E ratio of 49.20, a PEG ratio of 2.16 and a beta of 1.46. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.86. Autodesk, Inc. has a twelve month low of $232.67 and a twelve month high of $329.09. The company’s 50 day moving average is $292.36 and its two-hundred day moving average is $300.77.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Tuesday, November 25th. The software company reported $2.67 EPS for the quarter, beating analysts’ consensus estimates of $2.50 by $0.17. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the firm posted $2.17 EPS. The company’s revenue was up 18.0% on a year-over-year basis. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS and its Q4 2026 guidance at 2.590-2.67 EPS. Research analysts expect that Autodesk, Inc. will post 5.76 earnings per share 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.