Mitsubishi UFJ Asset Management Co. Ltd. Acquires 26,786 Shares of Autodesk, Inc. $ADSK

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 6.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 471,436 shares of the software company’s stock after acquiring an additional 26,786 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Autodesk were worth $135,175,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ADSK. Brighton Jones LLC boosted its stake in shares of Autodesk by 14.5% during the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock worth $343,000 after acquiring an additional 147 shares during the period. Sivia Capital Partners LLC boosted its stake in shares of Autodesk by 98.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock worth $765,000 after acquiring an additional 1,224 shares during the period. Schnieders Capital Management LLC. bought a new position in shares of Autodesk during the 2nd quarter worth approximately $466,000. Baird Financial Group Inc. boosted its stake in shares of Autodesk by 7.5% during the 2nd quarter. Baird Financial Group Inc. now owns 10,048 shares of the software company’s stock worth $3,111,000 after acquiring an additional 701 shares during the period. Finally, NewEdge Advisors LLC boosted its stake in shares of Autodesk by 25.3% during the 2nd quarter. NewEdge Advisors LLC now owns 13,860 shares of the software company’s stock worth $4,291,000 after acquiring an additional 2,795 shares during the period. 90.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ADSK has been the subject of several recent research reports. Loop Capital reduced their price target on Autodesk from $320.00 to $250.00 and set a “hold” rating for the company in a research note on Thursday, February 19th. JPMorgan Chase & Co. boosted their price target on Autodesk from $319.00 to $336.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Jefferies Financial Group initiated coverage on Autodesk in a research note on Wednesday, April 15th. They issued a “buy” rating and a $300.00 price target for the company. Argus upgraded Autodesk to a “strong-buy” rating in a research note on Friday, March 6th. Finally, Wolfe Research boosted their price target on Autodesk from $330.00 to $350.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $335.93.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $242.95 on Thursday. The stock has a market capitalization of $51.34 billion, a PE ratio of 46.36, a P/E/G ratio of 1.65 and a beta of 1.32. 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 $241.68 and a two-hundred day moving average price of $267.91. Autodesk, Inc. has a fifty-two week low of $214.10 and a fifty-two week high of $329.09.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data 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 firm 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%.The company’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $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 analysts predict that Autodesk, Inc. will post 9.35 earnings per share for the current fiscal year.

About Autodesk

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.