Autodesk, Inc. $ADSK Stock Position Raised by Dnca Finance

Dnca Finance raised its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 38.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,500 shares of the software company’s stock after purchasing an additional 9,000 shares during the quarter. Dnca Finance’s holdings in Autodesk were worth $10,324,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its stake in Autodesk by 6.8% during the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,260 shares of the software company’s stock valued at $400,000 after acquiring an additional 80 shares in the last quarter. Mangrove Partners IM LLC purchased a new stake in shares of Autodesk in the third quarter worth approximately $922,000. iSAM Funds UK Ltd acquired a new stake in shares of Autodesk during the third quarter worth approximately $46,000. Wellington Management Group LLP boosted its holdings in shares of Autodesk by 326.9% during the third quarter. Wellington Management Group LLP now owns 918,010 shares of the software company’s stock worth $291,624,000 after purchasing an additional 702,974 shares during the period. Finally, NorthRock Partners LLC grew its position in Autodesk by 10.6% during the third quarter. NorthRock Partners LLC now owns 3,714 shares of the software company’s stock valued at $1,180,000 after purchasing an additional 356 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on ADSK. Barclays upped their price objective on shares of Autodesk from $300.00 to $315.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. BMO Capital Markets lowered their price target on shares of Autodesk from $343.00 to $279.00 and set a “market perform” rating on the stock in a report on Monday, March 2nd. Loop Capital dropped their price target on shares of Autodesk from $320.00 to $250.00 and set a “hold” rating on the stock in a research note on Thursday, February 19th. Argus upgraded Autodesk to a “strong-buy” rating in a report on Friday, March 6th. Finally, Wolfe Research lifted their price objective on Autodesk from $330.00 to $350.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Autodesk presently has an average rating of “Moderate Buy” and a consensus target price of $341.96.

Autodesk Trading Up 0.5%

Shares of ADSK stock opened at $251.17 on Friday. Autodesk, Inc. has a 12 month low of $215.01 and a 12 month high of $329.09. The company has a market cap of $53.00 billion, a PE ratio of 47.93, a price-to-earnings-growth ratio of 1.65 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 business’s 50 day moving average is $252.57 and its two-hundred day moving average is $287.66.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, February 26th. The software company reported $2.85 earnings per share for the quarter, topping analysts’ consensus estimates of $2.64 by $0.21. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the previous year, the company earned $2.29 earnings per share. Autodesk’s revenue for the quarter was up 19.4% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. Equities analysts predict that Autodesk, Inc. will post 5.76 EPS for the current 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.