Mirae Asset Global Investments Co. Ltd. Makes New $42.86 Million Investment in Autodesk, Inc. $ADSK

Key Points

• Mirae Asset Global Investments acquired 205,074 Autodesk shares worth approximately $42.86 million, giving it a 0.10% stake. Institutional investors collectively own 90.24% of Autodesk.
• Wall Street maintains a positive view of Autodesk, with an overall “Moderate Buy” rating and an average price target of $316.84; 25 analysts rate the stock a Buy.
• Autodesk recently exceeded quarterly expectations, reporting $3.30 in EPS versus $3.12 expected and $2.05 billion in revenue, up 16.1% year over year.

Mirae Asset Global Investments Co. Ltd. acquired a new stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 205,074 shares of the software company's stock, valued at approximately $42,860,000. Mirae Asset Global Investments Co. Ltd. owned 0.10% of Autodesk at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ADSK. ProShare Advisors LLC raised its holdings in shares of Autodesk by 3.0% during the third quarter. ProShare Advisors LLC now owns 251,101 shares of the software company's stock worth $52,480,000 after acquiring an additional 7,274 shares during the period. Vise Technologies Inc. bought a new stake in shares of Autodesk in the third quarter valued at about $1,876,000. Grandfield & Dodd LLC boosted its position in shares of Autodesk by 3.5% during the third quarter. Grandfield & Dodd LLC now owns 152,450 shares of the software company's stock worth $31,862,000 after buying an additional 5,138 shares during the period. Avestar Capital LLC bought a new position in shares of Autodesk during the third quarter worth about $340,000. Finally, Canopy Partners LLC grew its holdings in shares of Autodesk by 11.1% during the third quarter. Canopy Partners LLC now owns 2,870 shares of the software company's stock worth $600,000 after buying an additional 286 shares in the last quarter. 90.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on ADSK. New Street Research set a $277.00 target price on Autodesk in a research note on Thursday, August 20th. Barclays reaffirmed an "overweight" rating on shares of Autodesk in a research note on Wednesday, August 19th. UBS Group reissued a "buy" rating on shares of Autodesk in a research report on Thursday, September 24th. Royal Bank Of Canada reissued an "outperform" rating and issued a $305.00 price objective on shares of Autodesk in a research report on Thursday, September 17th. Finally, Robert W. Baird increased their target price on shares of Autodesk from $312.00 to $325.00 and gave the stock an "outperform" rating in a report on Friday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $316.84.

Autodesk Stock Performance

ADSK opened at $249.61 on Monday. The business's 50-day simple moving average is $232.45 and its 200 day simple moving average is $234.15. Autodesk, Inc. has a 52-week low of $185.50 and a 52-week high of $320.00. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market capitalization of $52.17 billion, a PE ratio of 32.29, a PEG ratio of 1.65 and a beta of 1.27.

Autodesk (NASDAQ:ADSK - Get Free Report) last released its quarterly earnings data on Thursday, August 27th. The software company reported $3.30 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 company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the firm posted $2.62 EPS. The firm's revenue for the quarter 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. As a group, sell-side analysts expect that Autodesk, Inc. will post 9.70 earnings per share for the current fiscal year.

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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