Andra AP fonden Raises Stock Position in Autodesk, Inc. $ADSK

Key Points

• Andra AP fonden increased its Autodesk stake by 13% in the second quarter, adding 9,440 shares to own 81,902 shares valued at approximately $15.9 million. Institutional investors collectively own 90.24% of Autodesk.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $318.03, despite several firms recently lowering their targets.
• Autodesk exceeded quarterly expectations, reporting $3.30 in EPS versus $3.12 expected and $2.05 billion in revenue, up 16.1% year over year. Shares opened at $219.62, well below the 12-month high of $326.35.

Andra AP fonden boosted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 13.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 81,902 shares of the software company's stock after acquiring an additional 9,440 shares during the period. Andra AP fonden's holdings in Autodesk were worth $15,923,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ascentis Independent Advisors purchased a new position in Autodesk in the 1st quarter valued at $28,000. Johnson Financial Group Inc. acquired a new stake in Autodesk during the 2nd quarter worth $30,000. Avalon Trust Co purchased a new stake in shares of Autodesk during the second quarter worth $35,000. Community Financial Services Group LLC acquired a new stake in shares of Autodesk in the second quarter valued at about $37,000. Finally, Clearstead Trust LLC acquired a new stake in shares of Autodesk in the second quarter valued at about $39,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ADSK has been the topic of a number of recent research reports. Royal Bank Of Canada restated an "outperform" rating and set a $305.00 price target on shares of Autodesk in a research report on Thursday, September 17th. Morgan Stanley cut their price objective on shares of Autodesk from $350.00 to $315.00 and set an "overweight" rating for the company in a report on Tuesday, May 26th. Piper Sandler decreased their target price on shares of Autodesk from $369.00 to $338.00 and set an "overweight" rating on the stock in a research note on Friday, August 28th. Wall Street Zen cut Autodesk from a "buy" rating to a "hold" rating in a report on Monday, September 14th. Finally, BTIG Research restated a "buy" rating and issued a $300.00 price target on shares of Autodesk in a research report on Friday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, Autodesk currently has a consensus rating of "Moderate Buy" and a consensus price target of $318.03.

Autodesk Stock Performance

NASDAQ ADSK opened at $219.62 on Wednesday. The stock has a fifty day simple moving average of $233.80 and a 200-day simple moving average of $231.08. 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 cap of $45.90 billion, a PE ratio of 28.41, a P/E/G ratio of 1.45 and a beta of 1.31. Autodesk, Inc. has a twelve month low of $185.50 and a twelve month high of $326.35.

Autodesk (NASDAQ:ADSK - Get Free Report) last released its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) 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 business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the previous year, the firm earned $2.62 EPS. The business's revenue 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. Equities analysts anticipate 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 that design, make and manage products, buildings, infrastructure and digital media. Its tools are used across architecture, engineering, construction, manufacturing, product design, media and entertainment, and related industries.

The company is best known for AutoCAD, its computer-aided design platform. Its broader portfolio includes Revit for building information modeling, Civil 3D for civil engineering, Inventor and Fusion for product design and manufacturing, Maya and 3ds Max for animation and visual effects, and construction-focused products such as Autodesk Construction Cloud.

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