Autodesk, Inc. $ADSK Position Boosted by Motley Fool Asset Management LLC

Key Points

• Motley Fool Asset Management increased its Autodesk stake by 25.4% in the third quarter, bringing its holdings to 34,406 shares valued at approximately $7.19 million. Institutional investors collectively own 90.24% of Autodesk.
• Autodesk reported quarterly results above expectations, with earnings of $3.30 per share versus the $3.12 consensus estimate and revenue of $2.05 billion. Revenue increased 16.1% year over year, while the company maintained its FY 2027 earnings guidance.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $316.84, compared with the stock’s reported price of $242.38.

Motley Fool Asset Management LLC grew its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 25.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,406 shares of the software company's stock after acquiring an additional 6,970 shares during the quarter. Motley Fool Asset Management LLC's holdings in Autodesk were worth $7,191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Ascentis Independent Advisors purchased a new position in shares of Autodesk in the first quarter valued at $28,000. Johnson Financial Group Inc. bought a new stake in Autodesk in the second quarter worth $30,000. Avalon Trust Co raised its stake in Autodesk by 97.8% during the first quarter. Avalon Trust Co now owns 180 shares of the software company's stock valued at $43,000 after purchasing an additional 89 shares in the last quarter. Wellington Grp LLC raised its stake in Autodesk by 873.7% during the first quarter. Wellington Grp LLC now owns 185 shares of the software company's stock valued at $44,000 after purchasing an additional 166 shares in the last quarter. Finally, Community Financial Services Group LLC purchased a new stake in Autodesk during the second quarter valued at $37,000. Institutional investors own 90.24% of the company's stock.

Autodesk Stock Performance

NASDAQ:ADSK opened at $242.38 on Thursday. The stock's fifty day moving average is $232.67 and its 200 day moving average is $234.46. Autodesk, Inc. has a fifty-two week low of $185.50 and a fifty-two week high of $320.00. The firm has a market capitalization of $50.66 billion, a PE ratio of 31.36, a PEG ratio of 1.65 and a beta of 1.33. 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 (NASDAQ:ADSK - Get Free Report) last issued its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.12 by $0.18. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. Autodesk had a return on equity of 58.63% and a net margin of 21.08%. Autodesk's revenue was up 16.1% on a year-over-year basis. During the same period last year, the company earned $2.62 earnings per share. 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 anticipate that Autodesk, Inc. will post 9.70 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on ADSK. BTIG Research reiterated a "buy" rating and set a $300.00 price objective on shares of Autodesk in a research report on Friday, September 18th. Cantor Fitzgerald started coverage on shares of Autodesk in a report on Monday, September 14th. They issued a "neutral" rating and a $215.00 target price on the stock. DA Davidson set a $325.00 target price on shares of Autodesk in a research report on Friday, August 28th. Guggenheim restated a "buy" rating and set a $283.00 target price on shares of Autodesk in a research report on Monday, September 21st. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $330.00 price target on shares of Autodesk in a report on Monday, August 31st. One 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. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $316.84.

Autodesk 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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