Autodesk, Inc. $ADSK Shares Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in Autodesk, Inc. (NASDAQ:ADSK) by 82.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,685 shares of the software company’s stock after buying an additional 48,700 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.05% of Autodesk worth $22,506,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of ADSK. Soltis Investment Advisors LLC purchased a new position in shares of Autodesk in the third quarter worth about $2,342,000. China Universal Asset Management Co. Ltd. raised its holdings in shares of Autodesk by 28.9% during the third quarter. China Universal Asset Management Co. Ltd. now owns 13,343 shares of the software company’s stock valued at $2,711,000 after acquiring an additional 2,990 shares in the last quarter. D.A. Davidson & CO. lifted its position in shares of Autodesk by 1.3% in the 3rd quarter. D.A. Davidson & CO. now owns 105,915 shares of the software company’s stock worth $22,136,000 after purchasing an additional 1,363 shares during the period. Redmond Asset Management LLC boosted its stake in shares of Autodesk by 1.3% during the 3rd quarter. Redmond Asset Management LLC now owns 7,581 shares of the software company’s stock valued at $1,584,000 after purchasing an additional 100 shares in the last quarter. Finally, Motley Fool Asset Management LLC increased its position in shares of Autodesk by 25.4% during the third quarter. Motley Fool Asset Management LLC now owns 34,406 shares of the software company’s stock valued at $7,191,000 after buying an additional 6,970 shares during the period. 90.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Argus reissued a “buy” rating and issued a $355.00 price target on shares of Autodesk in a research note on Wednesday, September 2nd. New Street Research set a $277.00 price objective on Autodesk in a research report on Thursday, August 20th. Rosenblatt Securities reaffirmed a “buy” rating and set a $330.00 price objective on shares of Autodesk in a research report on Monday, August 31st. Robert W. Baird upped their target price on Autodesk from $312.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, August 21st. Finally, Weiss Ratings raised Autodesk from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $316.84.

Autodesk Trading Up 3.3%

NASDAQ:ADSK opened at $249.61 on Friday. The firm has a market capitalization of $52.17 billion, a P/E ratio of 32.29, a PEG ratio of 1.65 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 one year low of $185.50 and a one year high of $320.00. The company’s 50-day simple moving average is $232.45 and its 200 day simple moving average is $234.15.

Autodesk (NASDAQ:ADSK) last announced its 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 business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the firm earned $2.62 earnings per share. The business’s revenue for the quarter 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, analysts forecast that Autodesk, Inc. will post 9.70 EPS for the current fiscal year.

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.