Stableford Capital II LLC Buys 5,151 Shares of Autodesk, Inc. $ADSK

Key Points

• Stableford Capital II LLC initiated a position in Autodesk by purchasing 5,151 shares valued at approximately $1.08 million during the third quarter. Institutional investors collectively own 90.24% of Autodesk’s outstanding shares.
• Analysts maintain a largely bullish outlook, with 25 Buy ratings and one Strong Buy among the firms covering the stock. Autodesk has a consensus price target of $316.84 and an overall “Moderate Buy” rating.
• Autodesk exceeded quarterly expectations, reporting $3.30 in earnings per share and $2.05 billion in revenue, with revenue increasing 16.1% year over year.

Stableford Capital II LLC purchased a new position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,151 shares of the software company's stock, valued at approximately $1,077,000.

Several other institutional investors have also added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings in Autodesk by 17.0% during the 3rd quarter. GAMMA Investing LLC now owns 5,929 shares of the software company's stock valued at $1,239,000 after acquiring an additional 861 shares during the period. Galvin Gaustad & Stein LLC purchased a new position in Autodesk in the 3rd quarter worth approximately $8,853,000. Invariant Investment Management purchased a new position in Autodesk in the 3rd quarter worth approximately $544,000. Farther Finance Advisors LLC lifted its position in Autodesk by 6.7% in the third quarter. Farther Finance Advisors LLC now owns 9,293 shares of the software company's stock valued at $1,942,000 after purchasing an additional 581 shares during the last quarter. Finally, CoreCap Advisors LLC lifted its position in Autodesk by 6.4% in the third quarter. CoreCap Advisors LLC now owns 2,667 shares of the software company's stock valued at $557,000 after purchasing an additional 160 shares during the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Rosenblatt Securities restated a "buy" rating and issued a $330.00 target price on shares of Autodesk in a report on Monday, August 31st. Argus reiterated a "buy" rating and set a $355.00 price target on shares of Autodesk in a report on Wednesday, September 2nd. BTIG Research reissued a "buy" rating and set a $300.00 price target on shares of Autodesk in a research report on Friday, September 18th. Piper Sandler started coverage on shares of Autodesk in a report on Monday, September 28th. They issued an "overweight" rating and a $300.00 price target on the stock. Finally, Citigroup boosted their price objective on shares of Autodesk from $269.00 to $276.00 and gave the company a "neutral" rating in a research report on Monday, August 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $316.84.

Autodesk Price Performance

Shares of Autodesk stock opened at $233.60 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.59. The company has a market cap of $48.82 billion, a PE ratio of 30.22, a P/E/G ratio of 1.56 and a beta of 1.33. The business has a 50 day moving average of $233.13 and a 200 day moving average of $228.00. Autodesk, Inc. has a 52 week low of $185.50 and a 52 week high of $320.00.

Autodesk (NASDAQ:ADSK - Get Free Report) last released its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.18. The business had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $2.01 billion. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. The firm's revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.62 earnings per share. 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, equities research analysts forecast that Autodesk, Inc. will post 9.71 earnings per share for the current year.

Autodesk Profile

Autodesk, Inc develops software and cloud-based services for people and organizations involved in architecture, engineering, construction, manufacturing, media and entertainment, and other design-related industries. Its tools help customers create, visualize, simulate and manage digital models and workflows throughout the product and building lifecycle.

The company's products include 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, 3ds Max and Arnold for media and entertainment production.

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