Rakuten Investment Management Inc. Makes New Investment in Autodesk, Inc. $ADSK

Rakuten Investment Management Inc. acquired a new stake in Autodesk, Inc. (NASDAQ:ADSK) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 56,149 shares of the software company’s stock, valued at approximately $11,408,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ADSK. Third View Private Wealth LLC raised its position in Autodesk by 2.2% during the 3rd quarter. Third View Private Wealth LLC now owns 25,465 shares of the software company’s stock valued at $5,322,000 after purchasing an additional 548 shares during the last quarter. Provenance Wealth Advisors LLC lifted its holdings in Autodesk by 7,057.1% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 501 shares of the software company’s stock worth $105,000 after buying an additional 494 shares during the period. Integrity Alliance LLC. bought a new stake in shares of Autodesk in the 3rd quarter worth approximately $228,000. GRIMES & Co WEALTH MANAGEMENT LLC grew its position in shares of Autodesk by 22.3% in the 3rd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 28,834 shares of the software company’s stock worth $6,026,000 after buying an additional 5,265 shares during the last quarter. Finally, Next Level Wealth Planning LLC bought a new stake in shares of Autodesk in the 3rd quarter worth approximately $35,000. 90.24% of the stock is owned by institutional investors.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $270.09 on Thursday. Autodesk, Inc. has a twelve month low of $185.50 and a twelve month high of $320.00. The firm has a market cap of $56.45 billion, a P/E ratio of 29.27, a PEG ratio of 1.67 and a beta of 1.27. The company has a 50 day moving average of $232.87 and a 200 day moving average of $234.08. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.59.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.12 by $0.18. Autodesk had a return on equity of 58.63% and a net margin of 21.08%. The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the prior year, the firm posted $2.62 EPS. The firm’s quarterly 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, research analysts expect that Autodesk, Inc. will post 9.70 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ADSK shares. DA Davidson set a $325.00 target price on Autodesk in a research note on Friday, August 28th. Robert W. Baird raised their price target on Autodesk from $312.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, August 21st. Guggenheim reiterated a “buy” rating and issued a $283.00 price target on shares of Autodesk in a report on Monday, September 21st. KeyCorp reissued an “overweight” rating on shares of Autodesk in a research report on Wednesday, August 19th. Finally, New Street Research set a $277.00 price objective on shares of Autodesk in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Autodesk currently has a consensus rating of “Moderate Buy” and an average 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.