Autodesk, Inc. $ADSK Shares Acquired by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB lifted its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 12.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 143,608 shares of the software company's stock after acquiring an additional 15,590 shares during the period. E. Ohman J or Asset Management AB owned approximately 0.07% of Autodesk worth $30,014,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Sage Private Wealth Group LLC acquired a new position in shares of Autodesk during the third quarter valued at $220,000. Strengthening Families & Communities LLC lifted its stake in Autodesk by 2.1% in the third quarter. Strengthening Families & Communities LLC now owns 7,647 shares of the software company's stock valued at $1,598,000 after acquiring an additional 157 shares during the last quarter. Sowell Financial Services LLC grew its holdings in Autodesk by 60.6% during the third quarter. Sowell Financial Services LLC now owns 3,539 shares of the software company's stock valued at $740,000 after purchasing an additional 1,335 shares during the last quarter. Capstone Capital Management Ltd bought a new position in Autodesk during the third quarter worth $319,000. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Autodesk by 3.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 31,742 shares of the software company's stock worth $6,634,000 after purchasing an additional 980 shares in the last quarter. Institutional investors own 90.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on ADSK. Barclays reaffirmed an "overweight" rating on shares of Autodesk in a report on Wednesday, August 19th. New Street Research set a $277.00 price target on Autodesk in a research report on Thursday, August 20th. Wall Street Zen upgraded Autodesk from a "hold" rating to a "buy" rating in a research note on Saturday, October 17th. Robert W. Baird lifted their target price on Autodesk from $312.00 to $325.00 and gave the stock an "outperform" rating in a report on Friday, August 21st. Finally, DA Davidson set a $325.00 price target on Autodesk in a research note on Friday, August 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $316.84.

Autodesk Stock Up 4.1%

ADSK opened at $254.95 on Friday. The company has a 50 day moving average of $232.11 and a 200 day moving average of $228.14. 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, Inc. has a 12 month low of $185.50 and a 12 month high of $320.00. The company has a market cap of $53.28 billion, a PE ratio of 28.40, a price-to-earnings-growth ratio of 1.62 and a beta of 1.33.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its quarterly earnings data 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 for 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%. The firm's revenue was up 16.1% compared to the same quarter last year. During the same quarter last year, the business posted $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 expect that Autodesk, Inc. will post 9.70 EPS for the current year.

Autodesk Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.