Korea Investment CORP Grows Holdings in Autodesk, Inc. $ADSK

Korea Investment CORP boosted its position in Autodesk, Inc. (NASDAQ:ADSK) by 3.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 211,153 shares of the software company’s stock after purchasing an additional 6,822 shares during the period. Korea Investment CORP owned about 0.10% of Autodesk worth $67,077,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of ADSK. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Autodesk by 12.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,180 shares of the software company’s stock worth $48,661,000 after purchasing an additional 17,358 shares during the period. BI Asset Management Fondsmaeglerselskab A S grew its position in Autodesk by 18.7% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 130,669 shares of the software company’s stock valued at $41,510,000 after buying an additional 20,543 shares during the period. Pacific Heights Asset Management LLC increased its holdings in Autodesk by 26.9% during the third quarter. Pacific Heights Asset Management LLC now owns 85,000 shares of the software company’s stock worth $27,002,000 after buying an additional 18,000 shares during the last quarter. Freemont Management S.A. purchased a new stake in Autodesk during the third quarter worth about $4,765,000. Finally, Renaissance Group LLC bought a new stake in Autodesk in the third quarter worth about $33,789,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

NASDAQ:ADSK opened at $260.99 on Monday. Autodesk, Inc. has a 52-week low of $215.01 and a 52-week high of $329.09. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $55.07 billion, a price-to-earnings ratio of 49.81, a P/E/G ratio of 1.73 and a beta of 1.45. The stock has a fifty day moving average of $256.81 and a 200 day moving average of $288.85.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. DA Davidson dropped their target price on shares of Autodesk from $375.00 to $325.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Macquarie Infrastructure raised 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. Wells Fargo & Company dropped their price objective on Autodesk from $365.00 to $350.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. BTIG Research reduced their price objective on Autodesk from $365.00 to $300.00 and set a “buy” rating for the company in a report on Friday, February 27th. Finally, Robert W. Baird increased their price target on Autodesk from $367.00 to $377.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $341.96.

Autodesk Company 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.