New York State Common Retirement Fund Acquires 3,874 Shares of Autodesk, Inc. $ADSK

New York State Common Retirement Fund grew its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 1.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 321,717 shares of the software company’s stock after buying an additional 3,874 shares during the quarter. New York State Common Retirement Fund’s holdings in Autodesk were worth $102,200,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Proffitt & Goodson Inc. bought a new position in shares of Autodesk during the third quarter valued at approximately $27,000. Access Investment Management LLC purchased a new position in Autodesk during the 2nd quarter valued at $28,000. Heartwood Wealth Advisors LLC purchased a new position in Autodesk during the 3rd quarter valued at $28,000. Tripletail Wealth Management LLC bought a new position in Autodesk in the 3rd quarter worth $29,000. Finally, Hilltop National Bank purchased a new stake in shares of Autodesk in the 2nd quarter worth about $31,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Price Performance

ADSK stock opened at $255.68 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a 50 day moving average price of $288.38 and a 200-day moving average price of $299.08. Autodesk, Inc. has a 52-week low of $232.67 and a 52-week high of $329.09. The firm has a market capitalization of $54.20 billion, a price-to-earnings ratio of 49.55, a PEG ratio of 2.18 and a beta of 1.46.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data 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 return on equity of 52.06% and a net margin of 16.09%.The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the company earned $2.17 EPS. The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS and its Q4 2026 guidance at 2.590-2.67 EPS. Equities research analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. HSBC reduced their price target on shares of Autodesk from $388.00 to $379.00 and set a “buy” rating on the stock in a research report on Friday, November 28th. Arete Research lifted their price objective on Autodesk from $430.00 to $460.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Rothschild Redb raised Autodesk to a “strong-buy” rating in a research report on Friday, January 9th. Weiss Ratings restated a “hold (c+)” rating on shares of Autodesk in a research note on Wednesday, January 21st. Finally, KeyCorp restated an “overweight” rating on shares of Autodesk in a research report on Tuesday, December 16th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $369.97.

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.