Autodesk, Inc. $ADSK Shares Bought by CX Institutional

Key Points

• CX Institutional increased its Autodesk stake by 6,331.3% in the third quarter, acquiring 39,444 additional shares for a total holding worth approximately $8.37 million. Institutional investors collectively own 90.24% of Autodesk.
• Autodesk exceeded quarterly expectations, reporting $3.30 in EPS versus the $3.12 consensus estimate and $2.05 billion in revenue, up 16.1% year over year.
• Analysts remain broadly bullish, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $316.84, despite shares recently trading around $212.

CX Institutional raised its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 6,331.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 40,067 shares of the software company's stock after purchasing an additional 39,444 shares during the quarter. CX Institutional's holdings in Autodesk were worth $8,374,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Quantinno Capital Management LP raised its holdings in Autodesk by 17.8% during the first quarter. Quantinno Capital Management LP now owns 385,572 shares of the software company's stock worth $92,306,000 after purchasing an additional 58,285 shares in the last quarter. SG Americas Securities LLC lifted its position in Autodesk by 158.4% in the first quarter. SG Americas Securities LLC now owns 272,548 shares of the software company's stock valued at $65,248,000 after purchasing an additional 167,064 shares during the period. Man Group plc boosted its holdings in Autodesk by 28.6% in the 4th quarter. Man Group plc now owns 1,229,946 shares of the software company's stock valued at $364,076,000 after purchasing an additional 273,765 shares in the last quarter. Deutsche Bank AG acquired a new position in Autodesk during the 2nd quarter worth approximately $322,851,000. Finally, Seilern Investment Management Ltd increased its position in Autodesk by 11.0% during the 2nd quarter. Seilern Investment Management Ltd now owns 227,675 shares of the software company's stock worth $44,265,000 after purchasing an additional 22,547 shares during the period. Institutional investors and hedge funds own 90.24% of the company's stock.

Autodesk Price Performance

Autodesk stock traded up $0.69 during trading hours on Friday, hitting $212.00. The stock had a trading volume of 1,667,346 shares, compared to its average volume of 2,309,832. Autodesk, Inc. has a 1-year low of $185.50 and a 1-year high of $326.20. The stock has a market capitalization of $44.31 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 1.38 and a beta of 1.33. The stock's fifty day moving average is $233.53 and its two-hundred day moving average is $228.80. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.86 and a quick ratio of 0.86.

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. The business 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%.The business's revenue was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.62 EPS. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. As a group, analysts predict that Autodesk, Inc. will post 9.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ADSK has been the subject of several recent analyst reports. Argus reissued a "buy" rating and issued a $355.00 price target on shares of Autodesk in a report on Wednesday, September 2nd. Guggenheim reiterated a "buy" rating and issued a $283.00 price objective on shares of Autodesk in a research report on Monday, September 21st. BTIG Research reissued a "buy" rating and issued a $300.00 target price on shares of Autodesk in a report on Friday, September 18th. BMO Capital Markets boosted their target price on shares of Autodesk from $262.00 to $283.00 and gave the stock a "market perform" rating in a research report on Friday, August 28th. Finally, Citigroup upped their price target on shares of Autodesk from $269.00 to $276.00 and gave the stock a "neutral" rating in a research note on Monday, August 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $316.84.

Autodesk Company Profile

Autodesk, Inc develops software and cloud-based services for people and organizations involved in architecture, engineering, construction, manufacturing, media and entertainment, and other design-related industries. Its tools help customers create, visualize, simulate and manage digital models and workflows throughout the product and building lifecycle.

The company's products include 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, 3ds Max and Arnold for media and entertainment production.

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