Rakuten Investment Management Inc. Purchases 56,149 Shares of Autodesk, Inc. $ADSK

Key Points

• Rakuten Investment Management opened a new Autodesk position in Q3, purchasing 56,149 shares worth approximately $11.4 million.
• Autodesk reported quarterly EPS of $3.30, beating the $3.12 consensus estimate, while revenue rose 16.1% year over year to $2.05 billion.
• Analysts’ consensus rating was “Moderate Buy,” with an average price target of $316.84; institutional investors held 90.24% of the company’s stock.

Rakuten Investment Management Inc. acquired a new position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 56,149 shares of the software company's stock, valued at approximately $11,408,000.

Several other large investors also recently added to or reduced their stakes in the business. Quantinno Capital Management LP raised its stake in Autodesk by 17.8% in the first 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 in the last quarter. Deutsche Bank AG bought a new stake in Autodesk during the second quarter valued at approximately $322,851,000. Seilern Investment Management Ltd lifted its position in Autodesk by 11.0% during the second quarter. Seilern Investment Management Ltd now owns 227,675 shares of the software company's stock valued at $44,265,000 after purchasing an additional 22,547 shares during the last quarter. Green Alpha Advisors LLC purchased a new position in Autodesk in the 2nd quarter worth approximately $561,000. Finally, State Street Corp grew its stake in 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 buying an additional 284,621 shares in the last quarter. Institutional investors own 90.24% of the company's stock.

Autodesk Stock Performance

Autodesk stock opened at $270.09 on Thursday. The firm has a fifty day simple moving average of $232.87 and a two-hundred day simple moving average of $234.08. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.59. Autodesk, Inc. has a twelve month low of $185.50 and a twelve month high of $320.00. The company has a market capitalization of $56.45 billion, a PE ratio of 29.27, a P/E/G ratio of 1.67 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, 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 firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the business earned $2.62 earnings per share. The company's quarterly revenue was up 16.1% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. Research analysts expect that Autodesk, Inc. will post 9.70 EPS for the current year.

Analyst Ratings Changes

ADSK has been the topic of several research reports. BNP Paribas Exane raised their price objective on shares of Autodesk from $295.00 to $300.00 and gave the company an "outperform" rating in a research report on Friday, August 28th. Barclays reiterated an "overweight" rating on shares of Autodesk in a research report on Wednesday, August 19th. Citigroup increased their target price on Autodesk from $269.00 to $276.00 and gave the company a "neutral" rating in a research note on Monday, August 31st. Cantor Fitzgerald started coverage on Autodesk in a research report on Monday, September 14th. They set a "neutral" rating and a $215.00 price target on the stock. Finally, Guggenheim reaffirmed a "buy" rating and set a $283.00 price target on shares of Autodesk in a research note on Monday, September 21st. One 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. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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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