9,615 Shares in Autodesk, Inc. $ADSK Purchased by Bill Few Associates Inc.

Key Points

• Bill Few Associates bought 9,615 Autodesk shares worth approximately $2.01 million in the third quarter. Institutional investors and hedge funds collectively own 90.24% of Autodesk’s stock.
• Analysts maintain a positive outlook, with one Strong Buy, 25 Buy, and six Hold ratings. The consensus rating is “Moderate Buy,” with an average price target of $316.84.
• Autodesk shares rose 0.7% to $235.35, while the company’s latest results exceeded expectations: earnings were $3.30 per share on $2.05 billion in revenue, up 16.1% year over year.

Bill Few Associates Inc. purchased a new position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,615 shares of the software company's stock, valued at approximately $2,010,000.

A number of other hedge funds also recently made changes to their positions in the stock. Ascentis Independent Advisors purchased a new position in shares of Autodesk in the 1st quarter worth $28,000. Johnson Financial Group Inc. acquired a new stake in Autodesk during the second quarter worth about $30,000. Avalon Trust Co acquired a new stake in Autodesk during the second quarter worth about $35,000. Community Financial Services Group LLC purchased a new position in shares of Autodesk in the 2nd quarter worth about $37,000. Finally, Clearstead Trust LLC acquired a new position in shares of Autodesk in the 2nd quarter valued at about $39,000. Institutional investors and hedge funds own 90.24% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on ADSK shares. Piper Sandler began coverage on shares of Autodesk in a research report on Monday, September 28th. They set an "overweight" rating and a $300.00 target price for the company. Berenberg Bank set a $333.00 price objective on shares of Autodesk in a research note on Tuesday, September 1st. Rosenblatt Securities reissued a "buy" rating and issued a $330.00 price objective on shares of Autodesk in a research report on Monday, August 31st. BMO Capital Markets lifted their target price on shares of Autodesk from $262.00 to $283.00 and gave the company a "market perform" rating in a report on Friday, August 28th. Finally, DA Davidson set a $325.00 price target on shares of Autodesk in a research report on Friday, August 28th. One 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 MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $316.84.

Autodesk Stock Up 0.7%

Shares of ADSK traded up $1.75 during mid-day trading on Friday, reaching $235.35. 1,776,652 shares of the stock traded hands, compared to its average volume of 2,310,583. The firm has a market cap of $49.19 billion, a price-to-earnings ratio of 30.45, a P/E/G ratio of 1.56 and a beta of 1.33. The stock has a fifty day simple moving average of $233.13 and a 200 day simple moving average of $228.00. Autodesk, Inc. has a 12-month low of $185.50 and a 12-month high of $320.00. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.59.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced its 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 business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the prior year, the firm earned $2.62 earnings per share. The business's quarterly 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. Sell-side analysts expect that Autodesk, Inc. will post 9.71 EPS for the current fiscal year.

Autodesk Company 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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