Autodesk, Inc. $ADSK Shares Bought by Geode Capital Management LLC

Key Points

• Geode Capital Management increased its stake in Autodesk by 2.2% in the fourth quarter, adding 123,691 shares and bringing its total holdings to 5.68 million shares worth about $1.68 billion.
• Autodesk recently reported strong fiscal Q1 2027 results, with revenue of $1.93 billion and EPS of $2.99, both above estimates and up sharply from a year earlier. The company also issued upbeat forward guidance for both Q2 and the full year.
• Analyst sentiment remains generally positive, with a Moderate Buy consensus and a target price around $330.96. Several firms, including Bank of America and Morgan Stanley, reiterated or adjusted bullish ratings on the stock.

Geode Capital Management LLC lifted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,682,041 shares of the software company's stock after acquiring an additional 123,691 shares during the period. Geode Capital Management LLC owned 2.68% of Autodesk worth $1,677,404,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Measured Wealth Private Client Group LLC purchased a new position in shares of Autodesk during the 3rd quarter worth about $25,000. Torren Management LLC purchased a new position in shares of Autodesk during the 4th quarter worth about $25,000. Archer Investment Corp lifted its holdings in shares of Autodesk by 112.2% during the 4th quarter. Archer Investment Corp now owns 87 shares of the software company's stock worth $26,000 after acquiring an additional 46 shares during the period. iSAM Funds UK Ltd purchased a new position in shares of Autodesk during the 3rd quarter worth about $46,000. Finally, High Point Wealth Management LLC purchased a new position in shares of Autodesk during the 4th quarter worth about $44,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Autodesk

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Autodesk reported fiscal Q1 2027 revenue of $1.93 billion, up 18% year over year, with EPS of $2.99 beating estimates. The company also issued strong next-quarter and full-year guidance, suggesting continued momentum in demand and profitability. Autodesk (ADSK) Beats Q1 Earnings and Revenue Estimates
• Positive Sentiment: The company’s guidance update came in above Wall Street expectations, with fiscal 2027 EPS guidance of $12.40 to $12.65 and Q2 EPS guidance of $3.10 to $3.14, reinforcing the view that Autodesk’s core business is performing well. AUTODESK, INC. ANNOUNCES FISCAL 2027 FIRST QUARTER RESULTS
• Positive Sentiment: Autodesk announced a definitive agreement to acquire MaintainX for about $3.6 billion in cash, a move that expands its push into AI-powered operations software and broadens its platform beyond design into the “operate” phase of the workflow. Autodesk to acquire MaintainX, advancing unified platform in operations
• Neutral Sentiment: Some market reaction was mixed despite the earnings beat, as investors may be focusing on integration risk and the cash cost of the MaintainX deal alongside the strong operating numbers. Autodesk Stock Sinks Despite Q1 Earnings Beat
• Neutral Sentiment: Analyst coverage remained constructive ahead of earnings, with some firms revising targets higher and Jefferies upgrading Autodesk to “strong-buy,” which supports sentiment but is less immediate than the earnings and acquisition news. Autodesk (ADSK) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Autodesk Trading Up 1.7%

NASDAQ ADSK opened at $240.95 on Friday. Autodesk, Inc. has a one year low of $214.10 and a one year high of $329.09. The company's 50 day moving average price is $238.86 and its 200 day moving average price is $260.61. 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 firm has a market capitalization of $50.88 billion, a price-to-earnings ratio of 45.98, a PEG ratio of 1.53 and a beta of 1.32.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, beating the consensus estimate of $2.84 by $0.15. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter last year, the firm posted $2.29 earnings per share. Autodesk's revenue for the quarter was up 18.4% compared to the same quarter last year. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. On average, sell-side analysts predict that Autodesk, Inc. will post 9.35 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ADSK shares. Bank of America reiterated a "buy" rating and set a $300.00 price objective on shares of Autodesk in a report on Tuesday, May 12th. Loop Capital cut their price objective on shares of Autodesk from $320.00 to $250.00 and set a "hold" rating on the stock in a report on Thursday, February 19th. Morgan Stanley cut their price objective on shares of Autodesk from $350.00 to $315.00 and set an "overweight" rating on the stock in a report on Tuesday. DA Davidson cut their price objective on shares of Autodesk from $375.00 to $325.00 and set a "buy" rating on the stock in a report on Friday, February 27th. Finally, BTIG Research cut their price objective on shares of Autodesk from $365.00 to $300.00 and set a "buy" rating on the stock in a report on Friday, February 27th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Autodesk presently has a consensus rating of "Moderate Buy" and a consensus target price of $330.96.

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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