Dimensional Fund Advisors LP Buys 120,523 Shares of Autodesk, Inc. $ADSK

Dimensional Fund Advisors LP raised its stake in shares of Autodesk, Inc. (NASDAQ:ADSKFree Report) by 11.0% in the third quarter, Holdings Channel reports. The institutional investor owned 1,218,256 shares of the software company’s stock after buying an additional 120,523 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Autodesk were worth $387,044,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Montag A & Associates Inc. increased its holdings in Autodesk by 2.5% during the 3rd quarter. Montag A & Associates Inc. now owns 2,688 shares of the software company’s stock worth $854,000 after acquiring an additional 65 shares during the period. Insigneo Advisory Services LLC grew its position in shares of Autodesk by 14.0% during the 3rd quarter. Insigneo Advisory Services LLC now owns 995 shares of the software company’s stock valued at $316,000 after purchasing an additional 122 shares in the last quarter. Varenne Capital Partners bought a new position in shares of Autodesk in the third quarter worth $21,561,000. Cresset Asset Management LLC raised its position in shares of Autodesk by 85.7% in the third quarter. Cresset Asset Management LLC now owns 6,529 shares of the software company’s stock worth $2,074,000 after buying an additional 3,014 shares in the last quarter. Finally, Level Four Advisory Services LLC boosted its stake in Autodesk by 25.1% during the third quarter. Level Four Advisory Services LLC now owns 891 shares of the software company’s stock valued at $283,000 after buying an additional 179 shares during the period. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Trading Up 2.4%

ADSK stock opened at $264.12 on Friday. The company has a market capitalization of $55.73 billion, a PE ratio of 50.40, a price-to-earnings-growth ratio of 1.71 and a beta of 1.45. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.82 and a current ratio of 0.85. Autodesk, Inc. has a one year low of $215.01 and a one year high of $329.09. The company’s 50 day moving average price is $257.61 and its two-hundred day moving average price is $289.05.

Autodesk (NASDAQ:ADSKGet Free Report) last released its earnings results on Thursday, February 26th. The software company reported $2.85 EPS for the quarter, beating the consensus estimate of $2.64 by $0.21. The company 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 firm’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.29 EPS. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. As a group, analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Autodesk News Summary

Here are the key news stories impacting Autodesk this week:

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Morgan Stanley lowered their price target on Autodesk from $385.00 to $350.00 and set an “overweight” rating on the stock in a report on Monday, February 23rd. UBS Group decreased their price objective on shares of Autodesk from $400.00 to $290.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. The Goldman Sachs Group raised their target price on shares of Autodesk from $320.00 to $330.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Macquarie Infrastructure boosted their price target on shares of Autodesk from $380.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. Finally, BMO Capital Markets lowered their price objective on shares of Autodesk from $343.00 to $279.00 and set a “market perform” rating on the stock in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Autodesk presently has an average rating of “Moderate Buy” and a consensus price target of $341.96.

Get Our Latest Analysis on ADSK

About Autodesk

(Free Report)

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.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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