Jain Global LLC Has $64.61 Million Position in Autodesk, Inc. $ADSK

Key Points

• Jain Global LLC increased its stake in Autodesk by 31.7% to 203,376 shares (about $64.61 million), making ADSK its eighth-largest holding and representing roughly 0.10% of the company.
• Other major institutions also built positions — notably Norges Bank (~$777.2M new), Rakuten (~$268.6M) and sizable increases from Wellington, First Trust and MFS — leaving institutional ownership at about 90.24%.
• Autodesk beat Q results (EPS $2.85 vs. $2.64 est., revenue $1.96B, +19.4% YoY), set FY2027 EPS guidance of 12.29–12.56, and holds a consensus analyst rating of Moderate Buy with an average target of $341.96 versus the current price around $251.

Jain Global LLC grew its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 31.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 203,376 shares of the software company's stock after purchasing an additional 48,902 shares during the period. Autodesk comprises about 0.3% of Jain Global LLC's portfolio, making the stock its 8th largest position. Jain Global LLC owned about 0.10% of Autodesk worth $64,606,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Autodesk during the 2nd quarter worth approximately $777,202,000. Rakuten Investment Management Inc. bought a new position in shares of Autodesk in the third quarter valued at approximately $268,649,000. Wellington Management Group LLP increased its position in shares of Autodesk by 326.9% during the third quarter. Wellington Management Group LLP now owns 918,010 shares of the software company's stock valued at $291,624,000 after acquiring an additional 702,974 shares during the last quarter. First Trust Advisors LP lifted its holdings in Autodesk by 197.1% during the third quarter. First Trust Advisors LP now owns 910,768 shares of the software company's stock worth $289,324,000 after acquiring an additional 604,235 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in Autodesk by 18.9% in the third 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 during the last quarter. 90.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

ADSK has been the topic of a number of recent analyst reports. Piper Sandler reiterated an "overweight" rating and set a $383.00 target price (up from $373.00) on shares of Autodesk in a research note on Monday, March 2nd. Robert W. Baird lifted their price objective on shares of Autodesk from $367.00 to $377.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 26th. The Goldman Sachs Group raised their price target on shares of Autodesk from $320.00 to $330.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 26th. Deutsche Bank Aktiengesellschaft dropped their price objective on Autodesk from $375.00 to $330.00 and set a "buy" rating on the stock in a research note on Monday, March 2nd. Finally, Wolfe Research raised their target price on Autodesk from $330.00 to $350.00 and gave the stock an "outperform" rating in a research report on Friday, February 27th. Two 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $341.96.

Autodesk Trading Up 0.5%

NASDAQ:ADSK opened at $251.17 on Monday. The company has a market cap 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 stock's fifty day moving average price is $252.57 and its two-hundred day moving average price is $287.70. Autodesk, Inc. has a 1 year low of $215.01 and a 1 year high of $329.09. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.85.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.64 by $0.21. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.The company had revenue of $1.96 billion during the quarter, compared to analysts' expectations of $1.91 billion. During the same period in the previous year, the business earned $2.29 earnings per share. The firm's quarterly revenue was up 19.4% compared to the same quarter last year. 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, analysts expect that Autodesk, Inc. will post 5.76 EPS for the current year.

About Autodesk

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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