Schroder Investment Management Group Has $62.83 Million Holdings in Autodesk, Inc. $ADSK

Schroder Investment Management Group increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 18.0% during the third quarter, HoldingsChannel.com reports. The firm owned 197,798 shares of the software company’s stock after buying an additional 30,207 shares during the period. Schroder Investment Management Group’s holdings in Autodesk were worth $62,834,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of ADSK. Proffitt & Goodson Inc. bought a new position in Autodesk in the third quarter worth $27,000. Heartwood Wealth Advisors LLC bought a new stake in Autodesk in the 3rd quarter valued at $28,000. Tripletail Wealth Management LLC bought a new stake in Autodesk in the 3rd quarter valued at $29,000. Financial Consulate Inc. acquired a new position in shares of Autodesk in the 3rd quarter valued at $32,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of Autodesk in the 2nd quarter valued at $34,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ADSK has been the topic of several recent research reports. Robert W. Baird lifted their target price on shares of Autodesk from $367.00 to $377.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Oppenheimer dropped their price target on shares of Autodesk from $375.00 to $325.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. BTIG Research cut their price target on shares of Autodesk from $365.00 to $300.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Autodesk in a report on Wednesday, January 21st. Finally, Morgan Stanley dropped their target price on Autodesk from $385.00 to $350.00 and set an “overweight” rating for the company in a report on Monday, February 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $341.96.

Autodesk Trading Down 2.6%

Shares of Autodesk stock opened at $253.85 on Wednesday. The stock has a market capitalization of $53.56 billion, a P/E ratio of 48.44, a price-to-earnings-growth ratio of 1.73 and a beta of 1.45. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.82. The company has a 50-day simple moving average of $255.09 and a 200 day simple moving average of $288.41. Autodesk, Inc. has a 12-month low of $215.01 and a 12-month high of $329.09.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, February 26th. The software company reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.64 by $0.21. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.91 billion. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.29 earnings per share. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. Research 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.