Autodesk, Inc. $ADSK Stock Acquired by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. raised its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 14.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 148,883 shares of the software company’s stock after purchasing an additional 18,635 shares during the quarter. Mawer Investment Management Ltd.’s holdings in Autodesk were worth $31,117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Autodesk during the 2nd quarter valued at $4,828,855,000. State Street Corp boosted its holdings in shares of Autodesk by 2.9% in the 2nd quarter. State Street Corp now owns 10,268,172 shares of the software company’s stock worth $1,996,338,000 after buying an additional 284,621 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Autodesk by 5.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,144,627 shares of the software company’s stock worth $752,824,000 after buying an additional 155,255 shares during the last quarter. Pictet Asset Management Holding SA boosted its holdings in shares of Autodesk by 12.1% in the 3rd quarter. Pictet Asset Management Holding SA now owns 3,080,128 shares of the software company’s stock worth $643,514,000 after buying an additional 333,485 shares during the last quarter. Finally, Bank of America Corp DE purchased a new position in shares of Autodesk in the 2nd quarter worth about $576,727,000. Institutional investors own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ADSK. Guggenheim restated a “buy” rating and set a $283.00 price target on shares of Autodesk in a research report on Monday, September 21st. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $305.00 price objective on shares of Autodesk in a research report on Thursday, September 17th. Robert W. Baird boosted their target price on shares of Autodesk from $312.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, August 21st. UBS Group reissued a “buy” rating on shares of Autodesk in a research report on Thursday, September 24th. Finally, The Goldman Sachs Group raised shares of Autodesk from a “hold” rating to an “outperform” rating and set a $265.00 target price for the company in a research report on Thursday, September 17th. Twenty-seven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $319.97.

Autodesk Stock Performance

NASDAQ:ADSK traded up $4.94 on Friday, reaching $264.42. 1,472,408 shares of the company’s stock were exchanged, compared to its average volume of 1,874,995. The firm has a market cap of $55.26 billion, a price-to-earnings ratio of 34.21, a P/E/G ratio of 1.72 and a beta of 1.27. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a fifty day simple moving average of $234.20 and a 200-day simple moving average of $233.98. Autodesk, Inc. has a 52 week low of $185.50 and a 52 week high of $320.00.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results 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 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 quarter in the previous year, the firm posted $2.62 earnings per share. The company’s quarterly revenue was up 16.1% compared to the same quarter last year. 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, sell-side analysts predict that Autodesk, Inc. will post 9.70 earnings per share for the current year.

About Autodesk

Autodesk, Inc. develops software and cloud-based services for designing, building, making, and creating digital media. Its tools support professionals and organizations across architecture, engineering, construction, manufacturing, and entertainment. The company’s products include AutoCAD for computer-aided design, Revit for building information modeling, Fusion for product design and manufacturing, and Maya and 3ds Max for 3D animation and visual effects. Autodesk also offers cloud services that help customers collaborate and manage design and construction projects.