Russell Investments Group Ltd. Buys 22,633 Shares of Autodesk, Inc. $ADSK

Key Points

• Russell Investments increased its stake in Autodesk by 5.9% in Q3, buying 22,633 shares to hold 403,387 shares valued at about $128.3 million (roughly 0.19% ownership).
• Autodesk beat expectations for the most recent quarter with EPS of $2.85 versus $2.64 estimated and revenue of $1.96 billion (+19.4% year-over-year), and issued FY2027 EPS guidance of roughly 12.29–12.56.
• Analysts' consensus on ADSK is a Moderate Buy with an average price target of $341.96, although several firms recently trimmed their targets.

Russell Investments Group Ltd. boosted its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 5.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 403,387 shares of the software company's stock after buying an additional 22,633 shares during the period. Russell Investments Group Ltd. owned 0.19% of Autodesk worth $128,299,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ADSK. Brighton Jones LLC lifted its stake in shares of Autodesk by 14.5% in the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company's stock valued at $343,000 after purchasing an additional 147 shares during the period. Sivia Capital Partners LLC grew its stake in Autodesk by 98.1% in the second quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company's stock worth $765,000 after purchasing an additional 1,224 shares during the period. Schnieders Capital Management LLC. bought a new position in Autodesk in the second quarter worth $466,000. Wedbush Securities Inc. raised its holdings in Autodesk by 2.6% in the second quarter. Wedbush Securities Inc. now owns 1,484 shares of the software company's stock worth $459,000 after purchasing an additional 37 shares in the last quarter. Finally, Penserra Capital Management LLC lifted its position in Autodesk by 84.4% during the second quarter. Penserra Capital Management LLC now owns 1,945 shares of the software company's stock valued at $600,000 after buying an additional 890 shares during the period. 90.24% of the stock is owned by institutional investors.

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $260.75 on Tuesday. 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. The business has a fifty day moving average price of $256.00 and a 200-day moving average price of $288.67. The company has a market capitalization of $55.02 billion, a PE ratio of 49.76, a PEG ratio of 1.73 and a beta of 1.45.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the previous year, the firm earned $2.29 EPS. Autodesk'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, equities analysts expect that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on ADSK shares. Morgan Stanley dropped their target price on shares of Autodesk from $385.00 to $350.00 and set an "overweight" rating on the stock in a report on Monday, February 23rd. Rothschild & Co Redburn set a $375.00 price target on shares of Autodesk in a research report on Friday, January 9th. Argus raised shares of Autodesk to a "strong-buy" rating in a research note on Friday. BTIG Research cut their price objective on shares of Autodesk from $365.00 to $300.00 and set a "buy" rating on the stock in a report on Friday, February 27th. Finally, Stifel Nicolaus decreased their target price on shares of Autodesk from $375.00 to $285.00 and set a "buy" rating for the company in a research note on Monday, February 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $341.96.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.