Aquatic Capital Management LLC Grows Holdings in Autodesk, Inc. $ADSK

Key Points

• Aquatic Capital Management LLC increased its stake in Autodesk by 48.5% in Q3, buying 29,392 shares to hold 89,968 shares worth $28.58 million, and institutional investors now own about 90.24% of the company.
• Autodesk beat quarterly estimates with EPS $2.85 vs. $2.64 and revenue of $1.96B (up 19.4% YoY), and analysts maintain a consensus "Moderate Buy" with an average target of $341.96, well above the current share price near $251.

Aquatic Capital Management LLC boosted its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 48.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 89,968 shares of the software company's stock after purchasing an additional 29,392 shares during the period. Aquatic Capital Management LLC's holdings in Autodesk were worth $28,580,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ADSK. Patron Partners LLC lifted its position in shares of Autodesk by 0.8% during the 3rd quarter. Patron Partners LLC now owns 4,295 shares of the software company's stock worth $1,364,000 after buying an additional 35 shares in the last quarter. Fulton Bank N.A. grew its holdings in shares of Autodesk by 4.6% in the third quarter. Fulton Bank N.A. now owns 812 shares of the software company's stock valued at $258,000 after acquiring an additional 36 shares in the last quarter. Catalyst Financial Partners LLC increased its position in shares of Autodesk by 3.8% during the third quarter. Catalyst Financial Partners LLC now owns 1,023 shares of the software company's stock valued at $325,000 after acquiring an additional 37 shares during the last quarter. Beacon Financial Group increased its position in shares of Autodesk by 3.4% during the third quarter. Beacon Financial Group now owns 1,168 shares of the software company's stock valued at $371,000 after acquiring an additional 38 shares during the last quarter. Finally, Sky Investment Group LLC lifted its holdings in Autodesk by 0.5% during the third quarter. Sky Investment Group LLC now owns 7,998 shares of the software company's stock worth $2,541,000 after acquiring an additional 40 shares during the period. Hedge funds and other institutional investors own 90.24% of the company's stock.

Wall Street Analyst Weigh In

ADSK has been the subject of a number of recent analyst reports. Wolfe Research upped their price objective on Autodesk from $330.00 to $350.00 and gave the company an "outperform" rating in a research note on Friday, February 27th. Arete Research lifted their target price on Autodesk from $430.00 to $460.00 and gave the stock a "buy" rating in a research note on Thursday, December 11th. Citigroup boosted their price target on shares of Autodesk from $315.00 to $331.00 and gave the stock a "buy" rating in a report on Tuesday, March 3rd. Macquarie Infrastructure increased their price target on shares of Autodesk from $380.00 to $400.00 and gave the company an "outperform" rating in a research report on Wednesday, November 26th. Finally, Oppenheimer decreased their price objective on shares of Autodesk from $375.00 to $325.00 and set an "outperform" rating for the company in a report on Tuesday, February 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $341.96.

Autodesk Trading Up 0.5%

Shares of Autodesk stock opened at $251.17 on Friday. The stock has a market capitalization of $53.00 billion, a P/E ratio of 47.93, a P/E/G ratio of 1.66 and a beta of 1.45. Autodesk, Inc. has a 52-week low of $215.01 and a 52-week high of $329.09. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.85 and a current ratio of 0.85. The stock's 50-day simple moving average is $252.57 and its 200 day simple moving average is $287.69.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share for the quarter, topping analysts' consensus estimates of $2.64 by $0.21. The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.91 billion. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The company's quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter last year, the business earned $2.29 earnings per share. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. As a group, research analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current year.

Autodesk Profile

Autodesk, Inc NASDAQ: ADSK is a software company that develops design and creation tools for the architecture, engineering and construction (AEC), manufacturing, and media and entertainment industries. Headquartered in San Rafael, California, the company was founded in 1982 and is best known for pioneering CAD (computer-aided design) software. Autodesk sells products and services to a global customer base, including architects, engineers, contractors, product designers, and content creators.

The company's product portfolio includes industry-standard design and modeling applications such as AutoCAD, Revit, Inventor, Fusion 360, Maya and 3ds Max, as well as cloud-based collaboration and project management platforms like BIM 360 and Autodesk Construction Cloud.

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