Autodesk, Inc. $ADSK Position Lifted by Vestor Capital LLC

Key Points

• Vestor Capital increased its Autodesk stake by 313.4% in the third quarter, adding 180,507 shares to hold 238,101 shares valued at about $49.8 million.
• Analyst sentiment was broadly positive: 26 analysts rated Autodesk Buy and six Hold, giving the stock a “Moderate Buy” consensus and an average price target of $317.62.
• Autodesk’s latest quarter beat expectations, with EPS of $3.30 versus $3.12 expected and revenue up 16.1% year over year to $2.05 billion.

Vestor Capital LLC raised its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 313.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 238,101 shares of the software company's stock after purchasing an additional 180,507 shares during the period. Autodesk accounts for about 1.4% of Vestor Capital LLC's portfolio, making the stock its 15th largest position. Vestor Capital LLC owned 0.11% of Autodesk worth $49,763,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. BlackRock Inc. acquired a new position in Autodesk during the second quarter worth $4,828,855,000. State Street Corp grew its position 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 valued at $1,996,338,000 after purchasing an additional 284,621 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Autodesk by 5.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,144,627 shares of the software company's stock worth $752,824,000 after purchasing an additional 155,255 shares in the last quarter. Pictet Asset Management Holding SA raised its position in shares of Autodesk by 12.1% during the 3rd quarter. Pictet Asset Management Holding SA now owns 3,080,128 shares of the software company's stock worth $643,514,000 after purchasing an additional 333,485 shares during the last quarter. Finally, Bank of America Corp DE acquired a new position in shares of Autodesk during the 2nd quarter worth about $576,727,000. 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 several recent research reports. UBS Group reissued a "buy" rating on shares of Autodesk in a research note on Thursday, September 24th. BMO Capital Markets increased their price objective 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. Wall Street Zen lowered shares of Autodesk from a "buy" rating to a "hold" rating in a research note on Monday, November 2nd. New Street Research set a $277.00 target price on Autodesk in a report on Thursday, August 20th. Finally, Rosenblatt Securities restated a "buy" rating and set a $330.00 target price on shares of Autodesk in a report on Monday, August 31st. Twenty-six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $317.62.

Autodesk Price Performance

Shares of ADSK opened at $263.35 on Tuesday. The stock's 50 day moving average is $233.03 and its two-hundred day moving average is $234.16. Autodesk, Inc. has a twelve month low of $185.50 and a twelve month high of $320.00. The firm has a market capitalization of $55.04 billion, a PE ratio of 34.07, a P/E/G ratio of 1.79 and a beta of 1.27. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.59.

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, topping 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 company had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $2.01 billion. During the same period last year, the company earned $2.62 EPS. The firm's revenue for the quarter 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. Research analysts anticipate that Autodesk, Inc. will post 9.70 earnings per share for the current year.

Autodesk Profile

Autodesk, Inc develops software and cloud-based services for designing, building, making, and creating digital media. Its tools support professionals and organizations across architecture, engineering, construction, manufacturing, and entertainment.

The company's products include AutoCAD for computer-aided design, Revit for building information modeling, Fusion for product design and manufacturing, and Maya and 3ds Max for 3D animation and visual effects. Autodesk also offers cloud services that help customers collaborate and manage design and construction projects.

Founded in 1982, Autodesk serves customers around the world.

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