Varma Mutual Pension Insurance Co Purchases 3,800 Shares of Autodesk, Inc. $ADSK

Varma Mutual Pension Insurance Co grew its position in Autodesk, Inc. (NASDAQ:ADSK) by 8.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 48,095 shares of the software company’s stock after buying an additional 3,800 shares during the period. Varma Mutual Pension Insurance Co’s holdings in Autodesk were worth $15,278,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ADSK. Proffitt & Goodson Inc. bought a new position in Autodesk in the 3rd quarter valued at approximately $27,000. Heartwood Wealth Advisors LLC purchased a new position in shares of Autodesk in the third quarter worth $28,000. Tripletail Wealth Management LLC bought a new position in shares of Autodesk during the third quarter valued at $29,000. Access Investment Management LLC bought a new position in shares of Autodesk during the second quarter valued at $28,000. Finally, Financial Consulate Inc. purchased a new stake in shares of Autodesk during the third quarter valued at $32,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on ADSK shares. BMO Capital Markets upped their target price on shares of Autodesk from $333.00 to $343.00 and gave the company a “market perform” rating in a research note on Wednesday, November 26th. The Goldman Sachs Group increased their price objective on shares of Autodesk from $320.00 to $330.00 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. Bank of America increased their price target on Autodesk from $360.00 to $365.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. Piper Sandler reaffirmed an “overweight” rating on shares of Autodesk in a report on Tuesday, January 13th. Finally, Robert W. Baird upped their price objective on Autodesk from $367.00 to $377.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and a consensus price target of $367.61.

Autodesk Price Performance

Shares of Autodesk stock opened at $223.49 on Friday. The stock has a market cap of $47.38 billion, a P/E ratio of 43.31, a P/E/G ratio of 1.62 and a beta of 1.45. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.82 and a current ratio of 0.82. The stock’s fifty day moving average is $276.45 and its 200 day moving average is $295.27. Autodesk, Inc. has a one year low of $216.01 and a one year high of $329.09.

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

Autodesk 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.