Murphy Pohlad Asset Management LLC Buys 4,848 Shares of Autodesk, Inc. $ADSK

Key Points

• Murphy Pohlad Asset Management acquired 4,848 Autodesk shares worth approximately $1.01 million in the third quarter.
• Institutional investors and hedge funds own 90.24% of Autodesk, with major holders including State Street, which owns more than 10.2 million shares.
• Autodesk recently exceeded quarterly earnings and revenue expectations, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $316.84.

Murphy Pohlad Asset Management LLC acquired a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,848 shares of the software company's stock, valued at approximately $1,013,000.

Several other institutional investors and hedge funds have also modified their holdings of ADSK. Quantinno Capital Management LP lifted its stake in shares of Autodesk by 17.8% in the 1st quarter. Quantinno Capital Management LP now owns 385,572 shares of the software company's stock valued at $92,306,000 after purchasing an additional 58,285 shares during the period. Deutsche Bank AG acquired a new stake in Autodesk during the second quarter valued at $322,851,000. Green Alpha Advisors LLC purchased a new position in Autodesk in the second quarter valued at $561,000. Seilern Investment Management Ltd increased its holdings in Autodesk by 11.0% in the second quarter. Seilern Investment Management Ltd now owns 227,675 shares of the software company's stock valued at $44,265,000 after buying an additional 22,547 shares in the last quarter. Finally, State Street Corp increased its holdings in Autodesk by 2.9% in the second quarter. State Street Corp now owns 10,268,172 shares of the software company's stock valued at $1,996,338,000 after buying an additional 284,621 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company's stock.

Autodesk Price Performance

Shares of ADSK traded down $2.75 during mid-day trading on Friday, hitting $252.20. 1,320,296 shares of the company were exchanged, compared to its average volume of 1,888,559. Autodesk, Inc. has a 1-year low of $185.50 and a 1-year 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 company has a 50 day moving average of $232.12 and a 200-day moving average of $228.31. The stock has a market cap of $52.71 billion, a price-to-earnings ratio of 32.63, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its quarterly earnings data on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts' expectations of $2.01 billion. During the same period in the previous year, the firm posted $2.62 EPS. Autodesk's 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 expect that Autodesk, Inc. will post 9.70 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ADSK shares. Guggenheim reissued a "buy" rating and set a $283.00 target price on shares of Autodesk in a research note on Monday, September 21st. Piper Sandler assumed coverage on Autodesk in a research note on Monday, September 28th. They issued an "overweight" rating and a $300.00 price target for the company. UBS Group reaffirmed a "buy" rating on shares of Autodesk in a report on Thursday, September 24th. Argus reiterated a "buy" rating and set a $355.00 price target on shares of Autodesk in a research report on Wednesday, September 2nd. Finally, KeyCorp reiterated an "overweight" rating on shares of Autodesk in a research report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, Autodesk has a consensus rating of "Moderate Buy" and an average target price of $316.84.

Autodesk Profile

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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