Mangrove Partners IM LLC Invests $922,000 in Autodesk, Inc. $ADSK

Mangrove Partners IM LLC purchased a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the third quarter, Holdings Channel.com reports. The firm purchased 2,903 shares of the software company’s stock, valued at approximately $922,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Proffitt & Goodson Inc. purchased a new stake in shares of Autodesk during the 3rd quarter worth approximately $27,000. Heartwood Wealth Advisors LLC purchased a new position in shares of Autodesk in the 3rd quarter valued at $28,000. Tripletail Wealth Management LLC acquired a new stake in Autodesk during the 3rd quarter worth $29,000. Financial Consulate Inc. acquired a new stake in Autodesk during the 3rd quarter worth $32,000. Finally, Salomon & Ludwin LLC lifted its position in Autodesk by 1,275.0% in the third quarter. Salomon & Ludwin LLC now owns 110 shares of the software company’s stock valued at $35,000 after acquiring an additional 102 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Up 0.5%

Shares of NASDAQ:ADSK opened at $251.17 on Friday. The company has a market cap of $53.00 billion, a price-to-earnings ratio of 47.93, a PEG ratio of 1.65 and a beta of 1.45. The firm’s 50-day simple moving average is $252.57 and its 200-day simple moving average is $287.66. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.82. Autodesk, Inc. has a fifty-two week low of $215.01 and a fifty-two week high of $329.09.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, February 26th. The software company reported $2.85 EPS for the quarter, beating 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 firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter last year, the firm earned $2.29 earnings per share. The firm’s revenue 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. As a group, equities research analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Analyst Ratings Changes

ADSK has been the subject of several research reports. Barclays boosted their target price on Autodesk from $300.00 to $315.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Autodesk in a research report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft reduced their price objective on Autodesk from $375.00 to $330.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. Rothschild & Co Redburn set a $375.00 price objective on Autodesk in a report on Friday, January 9th. Finally, UBS Group lowered their target price 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. Two investment 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 stock. According to data from MarketBeat, Autodesk presently has a consensus 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.