Autodesk, Inc. $ADSK Stock Bought by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments increased its Autodesk stake by 4,328% in the third quarter, adding 952,948 shares to hold 974,966 shares valued at about $206 million.
• Analysts rate Autodesk a Moderate Buy, with an average price target of $316.84; 25 analysts rate it Buy and six rate it Hold.
• Autodesk reported quarterly EPS of $3.30, beating estimates of $3.12, while revenue rose 16.1% year over year to $2.05 billion.

Allspring Global Investments Holdings LLC boosted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 4,328.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 974,966 shares of the software company's stock after acquiring an additional 952,948 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.47% of Autodesk worth $206,020,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ADSK. Ethic Inc. boosted its stake in Autodesk by 13.2% during the third quarter. Ethic Inc. now owns 36,039 shares of the software company's stock worth $7,532,000 after buying an additional 4,206 shares during the period. Pictet Asset Management Holding SA raised its stake in shares of Autodesk by 12.1% in the 3rd quarter. Pictet Asset Management Holding SA now owns 3,080,128 shares of the software company's stock valued at $643,514,000 after acquiring an additional 333,485 shares during the period. Leelyn Smith LLC lifted its holdings in shares of Autodesk by 6.3% in the 3rd quarter. Leelyn Smith LLC now owns 20,119 shares of the software company's stock worth $4,205,000 after acquiring an additional 1,199 shares during the last quarter. Alps Advisors Inc. lifted its holdings in shares of Autodesk by 7.9% in the 3rd quarter. Alps Advisors Inc. now owns 6,493 shares of the software company's stock worth $1,357,000 after acquiring an additional 475 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Autodesk in the 3rd quarter worth approximately $475,000. Hedge funds and other institutional investors own 90.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ADSK. BTIG Research reaffirmed a "buy" rating and set a $300.00 price objective on shares of Autodesk in a research report on Friday, September 18th. Berenberg Bank set a $333.00 target price on Autodesk in a research report on Tuesday, September 1st. BNP Paribas Exane upped their price target on Autodesk from $295.00 to $300.00 and gave the stock an "outperform" rating in a research note on Friday, August 28th. New Street Research set a $277.00 price target on Autodesk in a research report on Thursday, August 20th. Finally, UBS Group restated a "buy" rating on shares of Autodesk in a research report on Thursday, September 24th. 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's stock. Based on data from MarketBeat.com, Autodesk presently has an average rating of "Moderate Buy" and an average price target of $316.84.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $261.72 on Monday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market cap of $54.70 billion, a price-to-earnings ratio of 33.86, a price-to-earnings-growth ratio of 1.73 and a beta of 1.27. The stock's 50-day moving average is $232.98 and its two-hundred day moving average is $234.13. Autodesk, Inc. has a 1-year low of $185.50 and a 1-year high of $320.00.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced its quarterly earnings data on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.12 by $0.18. Autodesk had a return on equity of 58.63% and a net margin of 21.08%. The business had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $2.01 billion. During the same quarter last year, the business posted $2.62 EPS. The business's quarterly revenue 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. Analysts forecast that Autodesk, Inc. will post 9.70 EPS for the current fiscal 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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