Autodesk, Inc. $ADSK Shares Bought by Pacific Heights Asset Management LLC

Pacific Heights Asset Management LLC increased its stake in Autodesk, Inc. (NASDAQ:ADSK) by 26.9% during the third quarter, HoldingsChannel.com reports. The fund owned 85,000 shares of the software company’s stock after buying an additional 18,000 shares during the period. Autodesk makes up approximately 1.2% of Pacific Heights Asset Management LLC’s holdings, making the stock its 15th biggest position. Pacific Heights Asset Management LLC’s holdings in Autodesk were worth $27,002,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Nordea Investment Management AB raised its holdings in Autodesk by 5.6% during the 2nd quarter. Nordea Investment Management AB now owns 21,254 shares of the software company’s stock worth $6,509,000 after buying an additional 1,124 shares during the period. Robeco Institutional Asset Management B.V. increased its position in shares of Autodesk by 4.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 363,405 shares of the software company’s stock worth $115,443,000 after acquiring an additional 13,844 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Autodesk by 2.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 941,631 shares of the software company’s stock worth $299,128,000 after acquiring an additional 20,489 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Autodesk by 2.0% during the second quarter. Franklin Resources Inc. now owns 2,225,768 shares of the software company’s stock valued at $689,031,000 after acquiring an additional 43,869 shares during the period. Finally, Welch & Forbes LLC purchased a new stake in shares of Autodesk in the 2nd quarter valued at approximately $348,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Rothschild Redb raised shares of Autodesk to a “strong-buy” rating in a research note on Friday, January 9th. Rosenblatt Securities reissued a “buy” rating and set a $355.00 price target on shares of Autodesk in a research report on Monday, November 24th. Hsbc Global Res raised Autodesk from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. BTIG Research initiated coverage on Autodesk in a research note on Tuesday, December 16th. They set a “buy” rating and a $365.00 target price on the stock. Finally, Arete Research increased their price target 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. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $369.97.

Autodesk Stock Performance

Shares of NASDAQ ADSK opened at $265.69 on Tuesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.82 and a quick ratio of 0.82. Autodesk, Inc. has a one year low of $232.67 and a one year high of $329.09. The business’s 50-day moving average price is $293.32 and its two-hundred day moving average price is $301.21. The company has a market capitalization of $56.33 billion, a P/E ratio of 51.49, a price-to-earnings-growth ratio of 2.16 and a beta of 1.46.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Tuesday, November 25th. The software company reported $2.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $0.17. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.81 billion. Autodesk had a return on equity of 52.06% and a net margin of 16.09%.The firm’s revenue was up 18.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.17 EPS. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS and its Q4 2026 guidance at 2.590-2.67 EPS. Analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

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.