Sumitomo Mitsui Trust Group Inc. Acquires 20,489 Shares of Autodesk, Inc. $ADSK

Sumitomo Mitsui Trust Group Inc. increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2.2% during the third quarter, HoldingsChannel.com reports. The firm owned 941,631 shares of the software company’s stock after buying an additional 20,489 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Autodesk were worth $299,128,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in ADSK. Vanguard Group Inc. grew its stake in shares of Autodesk by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 20,963,515 shares of the software company’s stock valued at $6,489,675,000 after purchasing an additional 180,596 shares during the period. State Street Corp lifted its position in Autodesk by 1.8% during the 2nd quarter. State Street Corp now owns 10,086,995 shares of the software company’s stock worth $3,122,631,000 after buying an additional 174,247 shares in the last quarter. Loomis Sayles & Co. L P increased its position in Autodesk by 1.5% in the 2nd quarter. Loomis Sayles & Co. L P now owns 5,831,447 shares of the software company’s stock valued at $1,805,241,000 after acquiring an additional 88,066 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Autodesk by 15.1% in the second quarter. Geode Capital Management LLC now owns 5,606,264 shares of the software company’s stock worth $1,730,415,000 after acquiring an additional 734,449 shares during the last quarter. Finally, Ninety One UK Ltd grew its stake in shares of Autodesk by 3.7% during the second quarter. Ninety One UK Ltd now owns 5,338,125 shares of the software company’s stock valued at $1,652,523,000 after purchasing an additional 191,448 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ADSK. Royal Bank Of Canada reiterated an “outperform” rating and issued a $380.00 price objective on shares of Autodesk in a research report on Monday, October 6th. Citigroup lifted their price objective on Autodesk from $370.00 to $382.00 and gave the stock a “buy” rating in a research report on Friday, November 28th. BTIG Research started coverage on shares of Autodesk in a research report on Tuesday, December 16th. They set a “buy” rating and a $365.00 target price on the stock. KeyCorp reaffirmed an “overweight” rating on shares of Autodesk in a research note on Tuesday, December 16th. Finally, Wall Street Zen downgraded shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 28th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $369.97.

Autodesk Price Performance

Autodesk stock opened at $276.02 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $58.52 billion, a P/E ratio of 53.49, a PEG ratio of 2.24 and a beta of 1.46. The business has a 50-day moving average of $297.17 and a 200-day moving average of $303.00. Autodesk, Inc. has a 1 year low of $232.67 and a 1 year high of $329.09.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Tuesday, November 25th. The software company reported $2.67 earnings per share for the quarter, topping the consensus estimate of $2.50 by $0.17. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.81 billion. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. Autodesk’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.17 EPS. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS and its Q4 2026 guidance at 2.590-2.67 EPS. On average, equities analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current year.

Autodesk Company Profile

Autodesk, Inc (NASDAQ: ADSK) is a software company that develops design and creation tools for the architecture, engineering and construction (AEC), manufacturing, and media and entertainment industries. Headquartered in San Rafael, California, the company was founded in 1982 and is best known for pioneering CAD (computer-aided design) software. Autodesk sells products and services to a global customer base, including architects, engineers, contractors, product designers, and content creators.

The company’s product portfolio includes industry-standard design and modeling applications such as AutoCAD, Revit, Inventor, Fusion 360, Maya and 3ds Max, as well as cloud-based collaboration and project management platforms like BIM 360 and Autodesk Construction Cloud.