42,359 Shares of Autodesk, Inc. $ADSK Acquired by Galvin Gaustad & Stein LLC

Key Points

• Galvin Gaustad & Stein LLC acquired 42,359 Autodesk shares during the third quarter, valued at approximately $8.85 million. Institutional investors collectively own 90.24% of Autodesk’s outstanding stock.
• Analyst sentiment remains positive, with Autodesk receiving a consensus “Moderate Buy” rating and an average price target of $316.84. Recent upgrades included Goldman Sachs moving the stock to “outperform.”
• Autodesk exceeded quarterly expectations, reporting adjusted earnings of $3.30 per share and revenue of $2.05 billion, with revenue up 16.1% year over year.

Galvin Gaustad & Stein LLC purchased a new position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 42,359 shares of the software company's stock, valued at approximately $8,853,000.

A number of other large investors have also added to or reduced their stakes in ADSK. First Horizon Corp grew its stake in shares of Autodesk by 11.7% in the first quarter. First Horizon Corp now owns 514 shares of the software company's stock worth $123,000 after acquiring an additional 54 shares during the last quarter. Sepio Capital LP grew its position in Autodesk by 0.5% during the 4th quarter. Sepio Capital LP now owns 12,641 shares of the software company's stock valued at $3,742,000 after purchasing an additional 59 shares during the last quarter. One Wealth Map LLC grew its position in Autodesk by 3.8% during the 2nd quarter. One Wealth Map LLC now owns 1,655 shares of the software company's stock valued at $322,000 after purchasing an additional 61 shares during the last quarter. Zions Bancorporation National Association UT raised its holdings in Autodesk by 14.8% in the second quarter. Zions Bancorporation National Association UT now owns 520 shares of the software company's stock worth $101,000 after buying an additional 67 shares during the last quarter. Finally, Carolina Wealth Advisors LLC lifted its stake in shares of Autodesk by 1.5% in the second quarter. Carolina Wealth Advisors LLC now owns 4,764 shares of the software company's stock worth $926,000 after buying an additional 71 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Weiss Ratings upgraded shares of Autodesk from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday. BTIG Research restated a "buy" rating and issued a $300.00 price objective on shares of Autodesk in a report on Friday, September 18th. BNP Paribas Exane upped their price objective on Autodesk from $295.00 to $300.00 and gave the company an "outperform" rating in a research report on Friday, August 28th. Cantor Fitzgerald assumed coverage on Autodesk in a research note on Monday, September 14th. They set a "neutral" rating and a $215.00 target price on the stock. Finally, The Goldman Sachs Group raised Autodesk from a "hold" rating to an "outperform" rating and set a $265.00 target price for the company in a report on Thursday, September 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $316.84.

Autodesk Stock Performance

Shares of ADSK stock opened at $233.60 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.59. The company has a 50 day moving average price of $233.13 and a 200-day moving average price of $228.00. Autodesk, Inc. has a 52 week low of $185.50 and a 52 week high of $320.00. The firm has a market capitalization of $48.82 billion, a PE ratio of 30.22, a P/E/G ratio of 1.56 and a beta of 1.33.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the firm earned $2.62 earnings per share. The firm's revenue for the quarter 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. As a group, equities research analysts expect that Autodesk, Inc. will post 9.71 earnings per share for the current year.

Autodesk Profile

Autodesk, Inc develops software and cloud-based services for people and organizations involved in architecture, engineering, construction, manufacturing, media and entertainment, and other design-related industries. Its tools help customers create, visualize, simulate and manage digital models and workflows throughout the product and building lifecycle.

The company's products include 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, 3ds Max and Arnold for media and entertainment production.

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