Titan Investment Management LLC Makes New Investment in Autodesk, Inc. $ADSK

Titan Investment Management LLC purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 11,246 shares of the software company’s stock, valued at approximately $2,350,000. Autodesk accounts for about 1.8% of Titan Investment Management LLC’s investment portfolio, making the stock its 20th biggest holding.

Several other hedge funds have also bought and sold shares of the business. Quantinno Capital Management LP lifted its stake in shares of Autodesk by 17.8% in the first quarter. Quantinno Capital Management LP now owns 385,572 shares of the software company’s stock valued at $92,306,000 after buying an additional 58,285 shares in the last quarter. Deutsche Bank AG acquired a new position in shares of Autodesk during the second quarter valued at about $322,851,000. Seilern Investment Management Ltd grew its holdings in shares of Autodesk by 11.0% during the second quarter. Seilern Investment Management Ltd now owns 227,675 shares of the software company’s stock valued at $44,265,000 after buying an additional 22,547 shares during the last quarter. Green Alpha Advisors LLC bought a new stake in shares of Autodesk during the second quarter worth about $561,000. Finally, State Street Corp increased its position in shares of Autodesk by 2.9% during the second quarter. State Street Corp now owns 10,268,172 shares of the software company’s stock worth $1,996,338,000 after acquiring an additional 284,621 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Performance

NASDAQ ADSK opened at $254.95 on Friday. The company has a fifty day moving average price of $232.11 and a 200-day moving average price of $228.14. The firm has a market cap of $53.28 billion, a price-to-earnings ratio of 32.98, a PEG ratio of 1.62 and a beta of 1.33. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.86 and a quick ratio of 0.86. Autodesk, Inc. has a 1 year low of $185.50 and a 1 year high of $320.00.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.12 by $0.18. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period last year, the firm earned $2.62 earnings per share. The firm’s revenue was up 16.1% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. As a group, equities research analysts predict that Autodesk, Inc. will post 9.70 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ADSK. UBS Group restated a “buy” rating on shares of Autodesk in a report on Thursday, September 24th. The Goldman Sachs Group upgraded Autodesk from a “hold” rating to an “outperform” rating and set a $265.00 price target for the company in a research note on Thursday, September 17th. Guggenheim reissued a “buy” rating and set a $283.00 price objective on shares of Autodesk in a report on Monday, September 21st. Piper Sandler started coverage on Autodesk in a report on Monday, September 28th. They set an “overweight” rating and a $300.00 price objective for the company. Finally, DA Davidson set a $325.00 price objective on Autodesk in a research note on Friday, August 28th. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $316.84.

About Autodesk

Autodesk, Inc develops software and cloud-based services for the architecture, engineering, construction, manufacturing, media and entertainment industries. Its products help customers design, visualize, simulate and manage projects, products and digital content throughout their lifecycles.

The company’s portfolio includes AutoCAD for computer-aided design; Revit for building information modeling; Civil 3D for civil engineering and infrastructure design; Inventor and Fusion for product design and manufacturing; and Maya and 3ds Max for animation, modeling and visual effects.