GRIMES & Co WEALTH MANAGEMENT LLC Acquires 5,265 Shares of Autodesk, Inc. $ADSK

GRIMES & Co WEALTH MANAGEMENT LLC increased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 22.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 28,834 shares of the software company’s stock after acquiring an additional 5,265 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Autodesk were worth $6,026,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in ADSK. Next Level Wealth Planning LLC bought a new stake in shares of Autodesk in the 3rd quarter valued at $35,000. Bank Julius Baer & Co. Ltd Zurich grew its holdings in Autodesk by 0.5% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 295,565 shares of the software company’s stock worth $61,405,000 after purchasing an additional 1,342 shares during the period. Columbia Bank boosted its position in shares of Autodesk by 7.9% during the 3rd quarter. Columbia Bank now owns 5,712 shares of the software company’s stock worth $1,194,000 after purchasing an additional 416 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Autodesk by 4.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,125,752 shares of the software company’s stock worth $235,282,000 after purchasing an additional 45,316 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Autodesk in the 3rd quarter valued at about $42,860,000. 90.24% of the stock is currently owned by institutional investors.

Autodesk Price Performance

ADSK opened at $257.91 on Tuesday. Autodesk, Inc. has a 1 year low of $185.50 and a 1 year high of $320.00. 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 company has a market capitalization of $53.90 billion, a price-to-earnings ratio of 28.12, a P/E/G ratio of 1.61 and a beta of 1.33. The firm’s fifty day moving average price is $232.53 and its two-hundred day moving average price is $234.08.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, August 27th. The software company reported $3.30 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 during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the company posted $2.62 earnings per share. The firm’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 anticipate that Autodesk, Inc. will post 9.70 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ADSK shares. UBS Group reaffirmed a “buy” rating on shares of Autodesk in a research note on Thursday, September 24th. Citigroup lifted their price target on shares of Autodesk from $269.00 to $276.00 and gave the company a “neutral” rating in a research report on Monday, August 31st. Rosenblatt Securities reissued a “buy” rating and issued a $330.00 price target on shares of Autodesk in a research report on Monday, August 31st. 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, Piper Sandler initiated coverage on shares of Autodesk in a report on Monday, September 28th. They set an “overweight” rating and a $300.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock 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.