Mangrove Partners IM LLC Buys Shares of 2,903 Autodesk, Inc. $ADSK

Mangrove Partners IM LLC bought a new stake in Autodesk, Inc. (NASDAQ:ADSK) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,903 shares of the software company’s stock, valued at approximately $922,000.

A number of other institutional investors have also recently made changes to their positions in the company. Patron Partners LLC lifted its holdings in Autodesk by 0.8% in the 3rd quarter. Patron Partners LLC now owns 4,295 shares of the software company’s stock valued at $1,364,000 after purchasing an additional 35 shares in the last quarter. Fulton Bank N.A. boosted its stake in Autodesk by 4.6% during the 3rd quarter. Fulton Bank N.A. now owns 812 shares of the software company’s stock worth $258,000 after purchasing an additional 36 shares during the last quarter. Catalyst Financial Partners LLC grew its holdings in shares of Autodesk by 3.8% during the third quarter. Catalyst Financial Partners LLC now owns 1,023 shares of the software company’s stock worth $325,000 after buying an additional 37 shares in the last quarter. Beacon Financial Group grew its holdings in shares of Autodesk by 3.4% during the third quarter. Beacon Financial Group now owns 1,168 shares of the software company’s stock worth $371,000 after buying an additional 38 shares in the last quarter. Finally, Sky Investment Group LLC raised its position in shares of Autodesk by 0.5% in the third quarter. Sky Investment Group LLC now owns 7,998 shares of the software company’s stock valued at $2,541,000 after buying an additional 40 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Stock Performance

Shares of ADSK stock opened at $251.17 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $53.00 billion, a P/E ratio of 47.93, a P/E/G ratio of 1.65 and a beta of 1.45. The firm’s 50 day moving average price is $252.57 and its 200-day moving average price is $287.66. Autodesk, Inc. has a one year low of $215.01 and a one year high of $329.09.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.64 by $0.21. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.91 billion. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.Autodesk’s revenue was up 19.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.29 EPS. 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 research analysts predict that Autodesk, Inc. will post 5.76 EPS for the current year.

Wall Street Analyst Weigh In

ADSK has been the topic of several research reports. BTIG Research decreased their price target on shares of Autodesk from $365.00 to $300.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Robert W. Baird upped their price objective on shares of Autodesk from $367.00 to $377.00 and gave the company an “outperform” rating in a research note on Wednesday, November 26th. Macquarie Infrastructure raised their target price on Autodesk from $380.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. KeyCorp reiterated an “overweight” rating on shares of Autodesk in a report on Tuesday, December 16th. Finally, Loop Capital lowered their price target on shares of Autodesk from $320.00 to $250.00 and set a “hold” rating on the stock in a research report on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $341.96.

Autodesk 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.