Danske Bank A S Invests $110.83 Million in Autodesk, Inc. $ADSK

Danske Bank A S purchased a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) in the 3rd quarter, Holdings Channel reports. The fund purchased 348,882 shares of the software company’s stock, valued at approximately $110,829,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ADSK. Brighton Jones LLC grew its stake in Autodesk by 14.5% during the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock worth $343,000 after buying an additional 147 shares during the last quarter. Sivia Capital Partners LLC raised its stake in shares of Autodesk by 98.1% in the second quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock valued at $765,000 after acquiring an additional 1,224 shares during the last quarter. Schnieders Capital Management LLC. acquired a new position in shares of Autodesk in the 2nd quarter worth approximately $466,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Autodesk in the 2nd quarter worth approximately $849,000. Finally, Cetera Investment Advisers grew its position in Autodesk by 1.6% during the 2nd quarter. Cetera Investment Advisers now owns 68,049 shares of the software company’s stock worth $21,066,000 after acquiring an additional 1,098 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Stock Up 1.3%

NASDAQ:ADSK opened at $252.92 on Wednesday. The company has a market cap of $53.37 billion, a price-to-earnings ratio of 48.27, a P/E/G ratio of 1.65 and a beta of 1.45. 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 stock’s fifty day moving average price is $250.99 and its two-hundred day moving average price is $287.00. Autodesk, Inc. has a 52-week low of $215.01 and a 52-week high of $329.09.

Autodesk (NASDAQ:ADSK) 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 during the quarter, compared to analysts’ expectations of $1.91 billion. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.The business’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period 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. On average, analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on ADSK. Morgan Stanley dropped their price target on Autodesk from $385.00 to $350.00 and set an “overweight” rating for the company in a report on Monday, February 23rd. Argus upgraded Autodesk to a “strong-buy” rating in a report on Friday, March 6th. The Goldman Sachs Group raised their target price on Autodesk from $320.00 to $330.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Robert W. Baird lifted their price target on Autodesk from $367.00 to $377.00 and gave the company an “outperform” rating in a report on Wednesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Autodesk from $375.00 to $330.00 and set a “buy” rating on the stock in a research report on Monday, March 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $342.96.

About Autodesk

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.