Autodesk, Inc. $ADSK Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D boosted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 4.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 74,902 shares of the software company’s stock after acquiring an additional 3,323 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Autodesk were worth $23,794,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Pursue Wealth Partners LLC raised its holdings in Autodesk by 379.7% in the third quarter. Pursue Wealth Partners LLC now owns 8,083 shares of the software company’s stock valued at $2,568,000 after acquiring an additional 6,398 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Autodesk by 1.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 93,352 shares of the software company’s stock valued at $29,655,000 after purchasing an additional 1,164 shares during the last quarter. ABN Amro Investment Solutions raised its holdings in shares of Autodesk by 5.3% in the 3rd quarter. ABN Amro Investment Solutions now owns 35,920 shares of the software company’s stock valued at $11,411,000 after purchasing an additional 1,820 shares in the last quarter. Uniting Wealth Partners LLC lifted its position in shares of Autodesk by 9.9% during the 3rd quarter. Uniting Wealth Partners LLC now owns 1,099 shares of the software company’s stock worth $349,000 after purchasing an additional 99 shares during the last quarter. Finally, Freemont Management S.A. acquired a new position in shares of Autodesk during the third quarter worth $4,765,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. BMO Capital Markets raised their price target on Autodesk from $333.00 to $343.00 and gave the company a “market perform” rating in a research note on Wednesday, November 26th. Bank of America increased their price objective on Autodesk from $360.00 to $365.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. The Goldman Sachs Group boosted their target price on Autodesk from $320.00 to $330.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Robert W. Baird increased their price target on shares of Autodesk from $367.00 to $377.00 and gave the company an “outperform” rating in a research note on Wednesday, November 26th. Finally, Arete Research boosted their price objective on shares of Autodesk from $430.00 to $460.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $367.61.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $231.22 on Monday. The stock has a market cap of $49.02 billion, a P/E ratio of 44.81, a P/E/G ratio of 1.62 and a beta of 1.45. Autodesk, Inc. has a twelve month low of $216.01 and a twelve month high of $329.09. The stock has a 50 day moving average of $274.94 and a two-hundred day moving average of $294.58. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.86.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Tuesday, November 25th. The software company reported $2.67 EPS for the quarter, beating analysts’ consensus estimates of $2.50 by $0.17. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the previous year, the company posted $2.17 EPS. The company’s quarterly revenue was up 18.0% on a year-over-year basis. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS and its Q4 2026 guidance at 2.590-2.67 EPS. On average, research analysts forecast 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.