Mirae Asset Global Investments Co. Ltd. Has $48.66 Million Stock Position in Autodesk, Inc. $ADSK

Mirae Asset Global Investments Co. Ltd. increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 12.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 153,180 shares of the software company’s stock after purchasing an additional 17,358 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.07% of Autodesk worth $48,661,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ADSK. Pacific Heights Asset Management LLC increased its stake in shares of Autodesk by 26.9% in the third quarter. Pacific Heights Asset Management LLC now owns 85,000 shares of the software company’s stock valued at $27,002,000 after buying an additional 18,000 shares during the period. Nordea Investment Management AB boosted its holdings in Autodesk by 5.6% in the second quarter. Nordea Investment Management AB now owns 21,254 shares of the software company’s stock valued at $6,509,000 after acquiring an additional 1,124 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in Autodesk by 4.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 363,405 shares of the software company’s stock valued at $115,443,000 after purchasing an additional 13,844 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Autodesk by 2.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 941,631 shares of the software company’s stock worth $299,128,000 after purchasing an additional 20,489 shares during the period. Finally, Franklin Resources Inc. lifted its position in shares of Autodesk by 2.0% in the 2nd quarter. Franklin Resources Inc. now owns 2,225,768 shares of the software company’s stock worth $689,031,000 after purchasing an additional 43,869 shares during the period. 90.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ADSK has been the subject of several recent analyst reports. HSBC decreased their price objective on shares of Autodesk from $388.00 to $379.00 and set a “buy” rating for the company in a research report on Friday, November 28th. Redburn Partners set a $375.00 price target on Autodesk in a report on Friday, January 9th. KeyCorp reissued an “overweight” rating on shares of Autodesk in a research note on Tuesday, December 16th. Robert W. Baird upped their target price on Autodesk from $367.00 to $377.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $380.00 target price on shares of Autodesk in a report on Monday, October 6th. 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $369.97.

Autodesk Trading Up 0.1%

NASDAQ ADSK opened at $268.33 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.86. Autodesk, Inc. has a 52 week low of $232.67 and a 52 week high of $329.09. The business has a 50 day moving average price of $289.00 and a 200-day moving average price of $299.38. The company has a market cap of $56.89 billion, a price-to-earnings ratio of 52.00, a P/E/G ratio of 2.18 and a beta of 1.46.

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

About Autodesk

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.