Autodesk, Inc. $ADSK Shares Bought by State Street Corp

Key Points

• State Street increased its Autodesk stake by 2.9% in the second quarter, bringing its holdings to 10.27 million shares worth approximately $1.996 billion. Institutional investors collectively own 90.24% of Autodesk.
• Autodesk reported quarterly EPS of $3.30, exceeding estimates of $3.12, while revenue rose 16.1% year over year to $2.05 billion. The company issued fiscal 2027 EPS guidance of $12.52–$12.60.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $318.03, despite some analysts recently lowering their targets.

State Street Corp lifted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 2.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,268,172 shares of the software company's stock after purchasing an additional 284,621 shares during the quarter. State Street Corp owned about 4.91% of Autodesk worth $1,996,338,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ADSK. The Manufacturers Life Insurance Company boosted its stake in Autodesk by 116.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 444,419 shares of the software company's stock valued at $86,404,000 after purchasing an additional 239,524 shares during the period. National Pension Service raised its holdings in shares of Autodesk by 4.1% during the second quarter. National Pension Service now owns 849,876 shares of the software company's stock valued at $165,233,000 after buying an additional 33,448 shares during the last quarter. WINTON GROUP Ltd raised its holdings in shares of Autodesk by 438.6% during the second quarter. WINTON GROUP Ltd now owns 35,659 shares of the software company's stock valued at $6,933,000 after buying an additional 29,038 shares during the last quarter. GFG Capital LLC boosted its position in shares of Autodesk by 12.8% during the second quarter. GFG Capital LLC now owns 10,619 shares of the software company's stock worth $2,065,000 after buying an additional 1,204 shares during the period. Finally, IFP Advisors Inc grew its holdings in Autodesk by 24.8% in the 2nd quarter. IFP Advisors Inc now owns 2,380 shares of the software company's stock worth $463,000 after buying an additional 473 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company's stock.

Autodesk Trading Up 0.4%

NASDAQ ADSK opened at $219.62 on Wednesday. The firm's 50 day moving average price is $233.80 and its two-hundred day moving average price is $231.08. The stock has a market cap of $45.90 billion, a price-to-earnings ratio of 28.41, a PEG ratio of 1.45 and a beta of 1.31. Autodesk, Inc. has a twelve month low of $185.50 and a twelve month high of $326.35. 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 earnings results on Thursday, August 27th. The software company reported $3.30 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 analysts' expectations 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% compared to the same quarter last year. During the same quarter last year, the firm 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. Equities analysts anticipate that Autodesk, Inc. will post 9.71 EPS for the current year.

Analysts Set New Price Targets

ADSK has been the topic of several recent analyst reports. Berenberg Bank set a $333.00 target price on Autodesk in a research note on Tuesday, September 1st. Rothschild & Co Redburn cut their target price on Autodesk from $375.00 to $360.00 and set a "buy" rating for the company in a research report on Monday, June 1st. Guggenheim reissued a "buy" rating and issued a $283.00 price objective on shares of Autodesk in a research note on Monday. Wells Fargo & Company cut their price objective on Autodesk from $350.00 to $330.00 and set an "overweight" rating for the company in a report on Friday, May 29th. Finally, The Goldman Sachs Group raised Autodesk from a "hold" rating to an "outperform" rating and set a $265.00 target price for the company in a research note on Thursday, September 17th. 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. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $318.03.

Autodesk Profile

Autodesk, Inc develops software and cloud-based services for people and organizations that design, make and manage products, buildings, infrastructure and digital media. Its tools are used across architecture, engineering, construction, manufacturing, product design, media and entertainment, and related industries.

The company is best known for AutoCAD, its computer-aided design platform. Its broader portfolio includes Revit for building information modeling, Civil 3D for civil engineering, Inventor and Fusion for product design and manufacturing, Maya and 3ds Max for animation and visual effects, and construction-focused products such as Autodesk Construction Cloud.

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