Teacher Retirement System of Texas Acquires 180,758 Shares of Autodesk, Inc. $ADSK

Teacher Retirement System of Texas raised its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 102.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 357,813 shares of the software company’s stock after acquiring an additional 180,758 shares during the quarter. Autodesk makes up 0.5% of Teacher Retirement System of Texas’ portfolio, making the stock its 28th largest holding. Teacher Retirement System of Texas owned 0.17% of Autodesk worth $113,666,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Norges Bank purchased a new position in Autodesk during the second quarter valued at $777,202,000. Rakuten Investment Management Inc. bought a new position in shares of Autodesk in the third quarter worth about $268,649,000. Geode Capital Management LLC raised its stake in shares of Autodesk by 15.1% in the second quarter. Geode Capital Management LLC now owns 5,606,264 shares of the software company’s stock worth $1,730,415,000 after buying an additional 734,449 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Autodesk by 18.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,544,520 shares of the software company’s stock valued at $1,125,988,000 after buying an additional 564,136 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its stake in shares of Autodesk by 254.2% during the 3rd quarter. Vontobel Holding Ltd. now owns 676,701 shares of the software company’s stock valued at $214,968,000 after acquiring an additional 485,661 shares during the period. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Stock Performance

NASDAQ:ADSK opened at $269.77 on Friday. The company has a market cap of $57.19 billion, a price-to-earnings ratio of 52.28, a PEG ratio of 2.09 and a beta of 1.46. Autodesk, Inc. has a 1 year low of $232.67 and a 1 year high of $329.09. The stock’s 50 day simple moving average is $290.92 and its two-hundred day simple moving average is $300.26. 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 (NASDAQ:ADSK) last posted its earnings results on Tuesday, November 25th. The software company reported $2.67 earnings per share for the quarter, beating analysts’ consensus estimates of $2.50 by $0.17. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the firm posted $2.17 earnings per share. Autodesk’s revenue for the quarter was up 18.0% compared to the same quarter last year. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS and its Q4 2026 guidance at 2.590-2.67 EPS. As a group, equities analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ADSK has been the subject of a number of recent analyst reports. Rothschild & Co Redburn assumed coverage on shares of Autodesk in a research report on Friday, January 9th. They issued a “buy” rating and a $375.00 price target for the company. Robert W. Baird upped their target price on shares of Autodesk from $367.00 to $377.00 and gave the stock an “outperform” rating in a report on Wednesday, November 26th. KeyCorp reiterated an “overweight” rating on shares of Autodesk in a research note on Tuesday, December 16th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Autodesk in a research note on Wednesday. Finally, BMO Capital Markets lifted their target price on Autodesk from $333.00 to $343.00 and gave the company a “market perform” rating in a research note on Wednesday, November 26th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $369.97.

Autodesk 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.