348,882 Shares in Autodesk, Inc. $ADSK Bought by Danske Bank A S

Danske Bank A S purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 348,882 shares of the software company’s stock, valued at approximately $110,829,000. Danske Bank A S owned 0.16% of Autodesk at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Autodesk by 2.2% during the third quarter. Vanguard Group Inc. now owns 21,414,239 shares of the software company’s stock valued at $6,802,661,000 after buying an additional 450,724 shares during the last quarter. State Street Corp lifted its stake in shares of Autodesk by 1.8% in the second quarter. State Street Corp now owns 10,086,995 shares of the software company’s stock valued at $3,122,631,000 after buying an additional 174,247 shares during the period. Loomis Sayles & Co. L P grew its position in Autodesk by 1.5% during the second quarter. Loomis Sayles & Co. L P now owns 5,831,447 shares of the software company’s stock worth $1,805,241,000 after buying an additional 88,066 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Autodesk by 18.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,544,520 shares of the software company’s stock worth $1,125,988,000 after buying an additional 564,136 shares in the last quarter. Finally, Amundi increased its stake in Autodesk by 3.0% during the third quarter. Amundi now owns 2,726,105 shares of the software company’s stock valued at $881,704,000 after acquiring an additional 79,171 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Stock Up 1.3%

NASDAQ ADSK opened at $252.92 on Wednesday. Autodesk, Inc. has a 1-year low of $215.01 and a 1-year high of $329.09. The company has a market capitalization of $53.37 billion, a price-to-earnings ratio of 48.27, a PEG ratio of 1.65 and a beta of 1.45. The stock’s 50 day moving average is $250.99 and its two-hundred day moving average is $287.00. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.82.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.64 by $0.21. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.Autodesk’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period in the prior year, the firm 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. Equities analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ADSK has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reduced their price objective on Autodesk from $375.00 to $330.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Autodesk in a research report on Wednesday, January 21st. Arete Research raised their target price on Autodesk from $430.00 to $460.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. BTIG Research reduced their target price on Autodesk from $365.00 to $300.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Finally, Royal Bank Of Canada decreased their price target on shares of Autodesk from $340.00 to $335.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Autodesk has an average rating of “Moderate Buy” and an average price target of $342.96.

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.