11,246 Shares of Autodesk, Inc. $ADSK Bought by Titan Investment Management LLC

Key Points

• Titan Investment Management acquired 11,246 Autodesk shares worth approximately $2.35 million, making Autodesk about 1.8% of its portfolio. Institutional investors collectively own 90.24% of the company.
• Analysts remain broadly optimistic, with Autodesk receiving a “Moderate Buy” consensus rating and an average price target of $316.84.
• Autodesk reported quarterly revenue of $2.05 billion and earnings of $3.30 per share, exceeding analyst expectations; revenue increased 16.1% year over year.

Titan Investment Management LLC acquired a new stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 11,246 shares of the software company's stock, valued at approximately $2,350,000. Autodesk makes up about 1.8% of Titan Investment Management LLC's holdings, making the stock its 20th biggest holding.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. bought a new position in Autodesk in the 2nd quarter valued at approximately $4,828,855,000. State Street Corp increased its stake in shares of Autodesk by 2.9% in the second quarter. State Street Corp now owns 10,268,172 shares of the software company's stock valued at $1,996,338,000 after buying an additional 284,621 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Autodesk by 5.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,144,627 shares of the software company's stock worth $752,824,000 after purchasing an additional 155,255 shares during the last quarter. Bank of America Corp DE acquired a new position in Autodesk in the second quarter valued at $576,727,000. Finally, Pictet Asset Management Holding SA boosted its position in Autodesk by 30.6% during the second quarter. Pictet Asset Management Holding SA now owns 2,746,643 shares of the software company's stock valued at $534,014,000 after acquiring an additional 643,267 shares during the last quarter. Institutional investors own 90.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ADSK. BNP Paribas Exane increased their price target on Autodesk from $295.00 to $300.00 and gave the stock an "outperform" rating in a report on Friday, August 28th. Berenberg Bank set a $333.00 price objective on Autodesk in a research note on Tuesday, September 1st. Wall Street Zen upgraded Autodesk from a "hold" rating to a "buy" rating in a research report on Saturday, October 17th. Argus reaffirmed a "buy" rating and set a $355.00 target price on shares of Autodesk in a research note on Wednesday, September 2nd. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $330.00 target price on shares of Autodesk in a research note on Monday, August 31st. One investment 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, Autodesk presently has an average rating of "Moderate Buy" and an average target price of $316.84.

Autodesk Trading Up 4.1%

NASDAQ:ADSK opened at $254.95 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $53.28 billion, a price-to-earnings ratio of 32.98, a PEG ratio of 1.62 and a beta of 1.33. The firm has a fifty day simple moving average of $232.11 and a two-hundred day simple moving average of $228.14. Autodesk, Inc. has a 12 month low of $185.50 and a 12 month high of $320.00.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share 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 firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the previous year, the firm posted $2.62 earnings per share. The business's 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. Analysts expect that Autodesk, Inc. will post 9.70 EPS for the current fiscal year.

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.

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