Autodesk, Inc. $ADSK Shares Newly Bought by NTV Asset Management LLC

NTV Asset Management LLC purchased a new position in Autodesk, Inc. (NASDAQ:ADSK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,265 shares of the software company’s stock, valued at approximately $891,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quantinno Capital Management LP grew its holdings in shares of Autodesk by 17.8% in the 1st quarter. Quantinno Capital Management LP now owns 385,572 shares of the software company’s stock worth $92,306,000 after purchasing an additional 58,285 shares during the last quarter. Deutsche Bank AG acquired a new stake in shares of Autodesk during the 2nd quarter worth about $322,851,000. Green Alpha Advisors LLC acquired a new stake in shares of Autodesk during the 2nd quarter worth about $561,000. Seilern Investment Management Ltd lifted its holdings in Autodesk by 11.0% during the 2nd quarter. Seilern Investment Management Ltd now owns 227,675 shares of the software company’s stock valued at $44,265,000 after purchasing an additional 22,547 shares during the last quarter. Finally, State Street Corp lifted its holdings in Autodesk by 2.9% during the 2nd quarter. State Street Corp now owns 10,268,172 shares of the software company’s stock valued at $1,996,338,000 after purchasing an additional 284,621 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Performance

ADSK stock opened at $252.20 on Monday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.86 and a quick ratio of 0.86. The company has a 50 day moving average price of $232.12 and a 200 day moving average price of $228.25. Autodesk, Inc. has a fifty-two week low of $185.50 and a fifty-two week high of $320.00. The stock has a market capitalization of $52.71 billion, a PE ratio of 32.63, a price-to-earnings-growth ratio of 1.67 and a beta of 1.33.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.12 by $0.18. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.01 billion. Autodesk had a return on equity of 58.63% and a net margin of 21.08%. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.62 EPS. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. Analysts forecast that Autodesk, Inc. will post 9.70 EPS for the current year.

Analyst Upgrades and Downgrades

ADSK has been the topic of a number of recent analyst reports. Weiss Ratings upgraded shares of Autodesk from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, October 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $305.00 price objective on shares of Autodesk in a report on Thursday, September 17th. BMO Capital Markets raised their price objective on shares of Autodesk from $262.00 to $283.00 and gave the stock a “market perform” rating in a report on Friday, August 28th. Berenberg Bank set a $333.00 target price on shares of Autodesk in a research note on Tuesday, September 1st. Finally, UBS Group reissued a “buy” rating on shares of Autodesk in a report on Thursday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and a consensus price target of $316.84.

Autodesk Company Profile

Autodesk, Inc develops software and cloud-based services for the architecture, engineering, construction, manufacturing, media and entertainment industries. Its products help customers design, visualize, simulate and manage projects, products and digital content throughout their lifecycles.

The company’s portfolio includes AutoCAD for computer-aided design; Revit for building information modeling; Civil 3D for civil engineering and infrastructure design; Inventor and Fusion for product design and manufacturing; and Maya and 3ds Max for animation, modeling and visual effects.