Avala Global LP Buys 89,500 Shares of Autodesk, Inc. $ADSK

Key Points

• Avala Global LP increased its stake in Autodesk by 43.8%, buying an additional 89,500 shares to hold 293,700 shares (about 0.14% of the company) worth roughly $93.3 million, making ADSK its 11th-largest holding.
• Autodesk beat quarterly expectations with $2.85 EPS (vs. $2.64) and $1.96B revenue (vs. $1.91B), reported 19.4% YoY revenue growth, and set FY2027 EPS guidance of 12.29–12.56 and Q1 guidance of 2.82–2.86.
• Analyst sentiment is broadly positive—MarketBeat shows a consensus rating of "Moderate Buy" with an average price target of $341.96—while ADSK trades near $251 and about 90% of the stock is institutionally owned.

Avala Global LP raised its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 43.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 293,700 shares of the software company's stock after buying an additional 89,500 shares during the quarter. Autodesk comprises 3.9% of Avala Global LP's portfolio, making the stock its 11th largest holding. Avala Global LP owned approximately 0.14% of Autodesk worth $93,300,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Autodesk by 2.2% in the third quarter. Vanguard Group Inc. now owns 21,414,239 shares of the software company's stock valued at $6,802,661,000 after acquiring an additional 450,724 shares during the period. State Street Corp grew its stake in Autodesk by 1.8% during the second quarter. State Street Corp now owns 10,086,995 shares of the software company's stock valued at $3,122,631,000 after acquiring an additional 174,247 shares in the last quarter. Loomis Sayles & Co. L P increased its holdings in Autodesk by 1.5% during the 2nd quarter. Loomis Sayles & Co. L P now owns 5,831,447 shares of the software company's stock worth $1,805,241,000 after acquiring an additional 88,066 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Autodesk by 18.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,544,520 shares of the software company's stock worth $1,125,988,000 after purchasing an additional 564,136 shares in the last quarter. Finally, Amundi lifted its stake in Autodesk by 3.0% in the 3rd quarter. Amundi now owns 2,726,105 shares of the software company's stock worth $881,704,000 after purchasing an additional 79,171 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ADSK shares. Royal Bank Of Canada reduced their price target on shares of Autodesk from $340.00 to $335.00 and set an "outperform" rating for the company in a research report on Friday, February 27th. Citigroup increased their price objective on Autodesk from $315.00 to $331.00 and gave the stock a "buy" rating in a research report on Tuesday, March 3rd. Deutsche Bank Aktiengesellschaft reduced their target price on Autodesk from $375.00 to $330.00 and set a "buy" rating for the company in a research report on Monday, March 2nd. JPMorgan Chase & Co. upped their target price on Autodesk from $319.00 to $336.00 and gave the stock an "overweight" rating in a research note on Friday, February 27th. Finally, Morgan Stanley lowered their price target on Autodesk from $385.00 to $350.00 and set an "overweight" rating on the stock in a report on Monday, February 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, Autodesk has a consensus rating of "Moderate Buy" and a consensus price target of $341.96.

Autodesk Stock Performance

NASDAQ ADSK opened at $251.17 on Friday. Autodesk, Inc. has a 52-week low of $215.01 and a 52-week high of $329.09. The company has a fifty day moving average of $252.57 and a 200-day moving average of $287.69. The company has a market capitalization of $53.00 billion, a P/E ratio of 47.93, a P/E/G ratio of 1.66 and a beta of 1.45. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.85 and a current ratio of 0.85.

Autodesk (NASDAQ:ADSK - Get Free Report) last released its earnings results on Thursday, February 26th. The software company reported $2.85 EPS for the quarter, beating analysts' consensus estimates of $2.64 by $0.21. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.The business had revenue of $1.96 billion for the quarter, compared to analysts' expectations of $1.91 billion. During the same quarter in the prior year, the firm earned $2.29 earnings per share. The firm's revenue was up 19.4% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. As a group, equities research analysts predict that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Autodesk Company 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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