Fideuram Asset Management Ireland dac bought a new stake in Autodesk, Inc. (NASDAQ:ADSK – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 53,820 shares of the software company’s stock, valued at approximately $16,231,000. Autodesk makes up approximately 1.2% of Fideuram Asset Management Ireland dac’s holdings, making the stock its 16th largest holding.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Autodesk by 12.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,180 shares of the software company’s stock worth $48,661,000 after acquiring an additional 17,358 shares during the period. OFI Invest Asset Management lifted its holdings in Autodesk by 246.4% during the fourth quarter. OFI Invest Asset Management now owns 52,649 shares of the software company’s stock worth $15,585,000 after acquiring an additional 37,449 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Autodesk by 18.7% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 130,669 shares of the software company’s stock worth $41,510,000 after acquiring an additional 20,543 shares during the period. Freemont Management S.A. bought a new stake in Autodesk during the third quarter worth $4,765,000. Finally, Renaissance Group LLC bought a new stake in Autodesk during the third quarter worth $33,789,000. 90.24% of the stock is owned by institutional investors.
Autodesk Trading Up 1.7%
NASDAQ:ADSK opened at $240.95 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.85. Autodesk, Inc. has a 1 year low of $214.10 and a 1 year high of $329.09. The company has a market cap of $50.88 billion, a P/E ratio of 45.98, a P/E/G ratio of 1.53 and a beta of 1.32. The stock’s fifty day moving average price is $238.86 and its two-hundred day moving average price is $260.61.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the company. Piper Sandler reiterated an “overweight” rating and set a $383.00 price target (up from $373.00) on shares of Autodesk in a report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft dropped their price objective on Autodesk from $375.00 to $330.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Arete Research dropped their price objective on Autodesk from $460.00 to $456.00 and set a “buy” rating on the stock in a research note on Thursday, March 26th. BMO Capital Markets dropped their price objective on Autodesk from $343.00 to $279.00 and set a “market perform” rating on the stock in a research note on Monday, March 2nd. Finally, Oppenheimer dropped their price objective on Autodesk from $375.00 to $325.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 24th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Autodesk currently has an average rating of “Moderate Buy” and an average price target of $330.96.
View Our Latest Stock Report on ADSK
Key Stories Impacting Autodesk
Here are the key news stories impacting Autodesk this week:
- Positive Sentiment: Autodesk reported fiscal Q1 2027 revenue of $1.93 billion, up 18% year over year, with EPS of $2.99 beating estimates. The company also issued strong next-quarter and full-year guidance, suggesting continued momentum in demand and profitability. Autodesk (ADSK) Beats Q1 Earnings and Revenue Estimates
- Positive Sentiment: The company’s guidance update came in above Wall Street expectations, with fiscal 2027 EPS guidance of $12.40 to $12.65 and Q2 EPS guidance of $3.10 to $3.14, reinforcing the view that Autodesk’s core business is performing well. AUTODESK, INC. ANNOUNCES FISCAL 2027 FIRST QUARTER RESULTS
- Positive Sentiment: Autodesk announced a definitive agreement to acquire MaintainX for about $3.6 billion in cash, a move that expands its push into AI-powered operations software and broadens its platform beyond design into the “operate” phase of the workflow. Autodesk to acquire MaintainX, advancing unified platform in operations
- Neutral Sentiment: Some market reaction was mixed despite the earnings beat, as investors may be focusing on integration risk and the cash cost of the MaintainX deal alongside the strong operating numbers. Autodesk Stock Sinks Despite Q1 Earnings Beat
- Neutral Sentiment: Analyst coverage remained constructive ahead of earnings, with some firms revising targets higher and Jefferies upgrading Autodesk to “strong-buy,” which supports sentiment but is less immediate than the earnings and acquisition news. Autodesk (ADSK) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
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.
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