Autodesk, Inc. $ADSK Stock: Grandfield & Dodd LLC Grows Position

Key Points

• Grandfield & Dodd increased its Autodesk stake by 3.5% in the third quarter, bringing its holdings to 152,450 shares worth approximately $31.9 million. Institutional investors collectively own 90.24% of Autodesk.
• Autodesk exceeded quarterly expectations, reporting $3.30 in earnings per share on $2.05 billion in revenue, with revenue rising 16.1% year over year.
• Analyst sentiment is favorable, with Autodesk holding a “Moderate Buy” consensus rating and an average price target of $316.84, above its reported share price of $249.61.

Grandfield & Dodd LLC grew its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 3.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,450 shares of the software company's stock after purchasing an additional 5,138 shares during the period. Autodesk makes up approximately 1.7% of Grandfield & Dodd LLC's holdings, making the stock its 16th largest holding. Grandfield & Dodd LLC owned approximately 0.07% of Autodesk worth $31,862,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in shares of Autodesk during the second quarter worth about $4,828,855,000. State Street Corp increased its holdings in shares of Autodesk by 2.9% in the 2nd quarter. State Street Corp now owns 10,268,172 shares of the software company's stock worth $1,996,338,000 after acquiring an additional 284,621 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Autodesk by 5.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,144,627 shares of the software company's stock worth $752,824,000 after buying an additional 155,255 shares during the period. Bank of America Corp DE bought a new position in shares of Autodesk in the second quarter worth $576,727,000. Finally, Pictet Asset Management Holding SA grew its stake in shares of Autodesk by 30.6% in the second quarter. Pictet Asset Management Holding SA now owns 2,746,643 shares of the software company's stock worth $534,014,000 after purchasing an additional 643,267 shares in the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Price Performance

ADSK stock opened at $249.61 on Friday. The firm has a 50-day moving average of $232.45 and a two-hundred day moving average of $234.15. The firm has a market capitalization of $52.17 billion, a PE ratio of 32.29, a P/E/G ratio of 1.65 and a beta of 1.33. Autodesk, Inc. has a one year low of $185.50 and a one year high of $320.00. 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 (NASDAQ:ADSK - Get Free Report) last issued its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share for the quarter, beating analysts' consensus estimates of $3.12 by $0.18. The business 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%. Autodesk's revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the company 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, analysts forecast that Autodesk, Inc. will post 9.70 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ADSK shares. BNP Paribas Exane lifted their price objective on shares of Autodesk from $295.00 to $300.00 and gave the company an "outperform" rating in a research note on Friday, August 28th. The Goldman Sachs Group upgraded shares of Autodesk from a "hold" rating to an "outperform" rating and set a $265.00 target price for the company in a research report on Thursday, September 17th. Guggenheim reissued a "buy" rating and set a $283.00 target price on shares of Autodesk in a research note on Monday, September 21st. New Street Research set a $277.00 price target on shares of Autodesk in a research report on Thursday, August 20th. Finally, Weiss Ratings raised shares of Autodesk from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $316.84.

About Autodesk

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.

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