Autodesk, Inc. $ADSK Stock: Motley Fool Asset Management LLC Raises Position

Motley Fool Asset Management LLC increased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 25.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 34,406 shares of the software company’s stock after acquiring an additional 6,970 shares during the period. Motley Fool Asset Management LLC’s holdings in Autodesk were worth $7,191,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. BlackRock Inc. bought a new position in Autodesk in the 2nd quarter valued at $4,828,855,000. Bank of America Corp DE bought a new stake in shares of Autodesk during the second quarter worth $576,727,000. Legal & General Group Plc purchased a new stake in shares of Autodesk during the second quarter valued at $422,928,000. Deutsche Bank AG purchased a new stake in shares of Autodesk during the second quarter valued at $322,851,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Autodesk in the second quarter worth about $228,908,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Trading Up 0.1%

Shares of NASDAQ ADSK opened at $242.38 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 $50.66 billion, a PE ratio of 31.36, a price-to-earnings-growth ratio of 1.65 and a beta of 1.33. The business has a fifty day simple moving average of $232.67 and a two-hundred day simple moving average of $234.46. 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 posted its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.12 by $0.18. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.01 billion. Autodesk had a return on equity of 58.63% and a net margin of 21.08%. The business’s revenue was up 16.1% compared to the same quarter last year. During the same quarter in the prior 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. Analysts expect that Autodesk, Inc. will post 9.70 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on ADSK shares. New Street Research set a $277.00 price target on shares of Autodesk in a research note on Thursday, August 20th. The Goldman Sachs Group upgraded shares of Autodesk from a “hold” rating to an “outperform” rating and set a $265.00 price objective for the company in a report on Thursday, September 17th. Royal Bank Of Canada reissued an “outperform” rating and issued a $305.00 price objective on shares of Autodesk in a research report on Thursday, September 17th. Weiss Ratings upgraded shares of Autodesk from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, October 6th. Finally, Barclays restated an “overweight” rating on shares of Autodesk in a research note on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $316.84.

Autodesk 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.