11,208 Shares of Autodesk, Inc. $ADSK Bought by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 11,208 shares of the software company’s stock, valued at approximately $2,342,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Ascentis Independent Advisors acquired a new position in shares of Autodesk during the first quarter worth about $28,000. Johnson Financial Group Inc. purchased a new stake in shares of Autodesk during the second quarter worth approximately $30,000. Avalon Trust Co purchased a new stake in shares of Autodesk during the second quarter worth approximately $35,000. Community Financial Services Group LLC purchased a new stake in shares of Autodesk during the second quarter worth approximately $37,000. Finally, Clearstead Trust LLC acquired a new stake in Autodesk in the second quarter valued at approximately $39,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Trading Up 3.3%

ADSK opened at $249.61 on Friday. Autodesk, Inc. has a one year low of $185.50 and a one year high of $320.00. The company has a market cap of $52.17 billion, a P/E ratio of 28.04, a PEG ratio of 1.60 and a beta of 1.33. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.86 and a current ratio of 0.86. The business’s 50-day simple moving average is $232.45 and its 200-day simple moving average is $234.15.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.12 by $0.18. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. Autodesk had a return on equity of 58.63% and a net margin of 21.08%. The business’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the company earned $2.62 EPS. 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 expect that Autodesk, Inc. will post 9.70 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ADSK has been the subject of a number of recent research reports. Guggenheim reiterated a “buy” rating and issued a $283.00 price target on shares of Autodesk in a research note on Monday, September 21st. Barclays reiterated an “overweight” rating on shares of Autodesk in a report on Wednesday, August 19th. Piper Sandler initiated coverage on shares of Autodesk in a research report on Monday, September 28th. They issued an “overweight” rating and a $300.00 price objective on the stock. New Street Research set a $277.00 price objective on shares of Autodesk in a report on Thursday, August 20th. Finally, BNP Paribas Exane lifted their price objective on shares of Autodesk from $295.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, August 28th. One investment 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $316.84.

Autodesk Company Profile

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.