AustralianSuper Pty Ltd Buys 14,882 Shares of Autodesk, Inc. $ADSK

AustralianSuper Pty Ltd raised its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 20.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 86,182 shares of the software company’s stock after purchasing an additional 14,882 shares during the period. AustralianSuper Pty Ltd’s holdings in Autodesk were worth $25,511,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Autodesk by 12.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,180 shares of the software company’s stock valued at $48,661,000 after acquiring an additional 17,358 shares during the period. OFI Invest Asset Management lifted its position in shares of Autodesk by 246.4% during the 4th quarter. OFI Invest Asset Management now owns 52,649 shares of the software company’s stock valued at $15,585,000 after acquiring an additional 37,449 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Autodesk by 18.7% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 130,669 shares of the software company’s stock worth $41,510,000 after purchasing an additional 20,543 shares in the last quarter. Pacific Heights Asset Management LLC boosted its position in shares of Autodesk by 26.9% during the 3rd quarter. Pacific Heights Asset Management LLC now owns 85,000 shares of the software company’s stock worth $27,002,000 after purchasing an additional 18,000 shares in the last quarter. Finally, Freemont Management S.A. bought a new position in shares of Autodesk during the 3rd quarter worth about $4,765,000. 90.24% of the stock is owned by institutional investors.

Autodesk Trading Up 1.2%

ADSK opened at $236.62 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.85. Autodesk, Inc. has a fifty-two week low of $214.10 and a fifty-two week high of $329.09. The firm has a market capitalization of $49.96 billion, a PE ratio of 45.16, a P/E/G ratio of 1.51 and a beta of 1.32. The company’s 50-day moving average is $241.37 and its 200 day moving average is $264.75.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data 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. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the previous year, the firm earned $2.29 EPS. The business’s revenue for the quarter 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, research analysts predict that Autodesk, Inc. will post 9.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

ADSK has been the topic of a number of research analyst reports. Barclays cut their price objective on shares of Autodesk from $315.00 to $300.00 and set an “overweight” rating on the stock in a research report on Wednesday. Wells Fargo & Company reduced their price objective on Autodesk from $365.00 to $350.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Arete Research reduced their price objective on Autodesk from $460.00 to $456.00 and set a “buy” rating for the company in a research note on Thursday, March 26th. Weiss Ratings reissued a “hold (c+)” rating on shares of Autodesk in a research note on Wednesday, January 21st. Finally, Robert W. Baird reduced their price objective on Autodesk from $355.00 to $312.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $333.07.

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.