8,978 Shares of Autodesk, Inc. $ADSK Bought by Vise Technologies Inc.

Key Points

• Vise Technologies acquired 8,978 Autodesk shares in the third quarter, valued at approximately $1.876 million. Institutional investors and hedge funds collectively own 90.24% of the company’s stock.
• Analysts give Autodesk a “Moderate Buy” consensus rating, with an average price target of $316.84.
• In its latest reported quarter, Autodesk beat earnings and revenue expectations, posting EPS of $3.30 and revenue of $2.05 billion; revenue rose 16.1% year over year.

Vise Technologies Inc. acquired a new stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,978 shares of the software company's stock, valued at approximately $1,876,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ADSK. BlackRock Inc. purchased a new stake in shares of Autodesk during the second quarter worth $4,828,855,000. State Street Corp lifted 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 worth $1,996,338,000 after buying an additional 284,621 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Autodesk by 5.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,144,627 shares of the software company's stock worth $752,824,000 after buying an additional 155,255 shares in the last quarter. Bank of America Corp DE acquired a new position in Autodesk during the second quarter worth about $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 worth $534,014,000 after acquiring an additional 643,267 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company's stock.

Analyst Ratings Changes

ADSK has been the topic of a number of recent research reports. BMO Capital Markets boosted their price target on shares of Autodesk from $262.00 to $283.00 and gave the stock a "market perform" rating in a research note on Friday, August 28th. Cantor Fitzgerald started coverage on shares of Autodesk in a research note on Monday, September 14th. They issued a "neutral" rating and a $215.00 price objective for the company. Wall Street Zen cut shares of Autodesk from a "buy" rating to a "hold" rating in a report on Monday. 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, BNP Paribas Exane increased their target price on shares of Autodesk from $295.00 to $300.00 and gave the stock an "outperform" rating in a report on Friday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $316.84.

Autodesk Price Performance

ADSK stock opened at $269.16 on Friday. The stock's 50 day moving average price is $233.16 and its 200 day moving average price is $234.09. The firm has a market cap of $56.25 billion, a P/E ratio of 31.33, a PEG ratio of 1.79 and a beta of 1.27. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.86 and a current ratio of 0.86. Autodesk, Inc. has a 1 year low of $185.50 and a 1 year high of $320.00.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its earnings results on Thursday, August 27th. The software company reported $3.30 EPS for the quarter, beating 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 net margin of 21.08% and a return on equity of 58.63%. The business's revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter last year, the firm posted $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. On average, sell-side analysts expect that Autodesk, Inc. will post 9.70 earnings per share for the current fiscal year.

Autodesk Company 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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