2,564 Shares of Autodesk, Inc. $ADSK Bought by Invariant Investment Management

Invariant Investment Management bought a new stake in Autodesk, Inc. (NASDAQ:ADSK) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,564 shares of the software company’s stock, valued at approximately $544,000.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Autodesk in the 2nd quarter worth approximately $4,828,855,000. Bank of America Corp DE acquired a new stake in Autodesk in the 2nd quarter valued at $576,727,000. Legal & General Group Plc acquired a new stake in Autodesk in the 2nd quarter valued at $422,928,000. Deutsche Bank AG bought a new stake in Autodesk in the second quarter valued at $322,851,000. Finally, Bank of New York Mellon Corp acquired a new position in Autodesk during the second quarter worth $228,908,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Price Performance

ADSK traded down $1.45 during midday trading on Thursday, hitting $233.60. The company had a trading volume of 2,269,949 shares, compared to its average volume of 2,313,510. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $48.82 billion, a PE ratio of 30.22, a P/E/G ratio of 1.53 and a beta of 1.33. Autodesk, Inc. has a twelve month low of $185.50 and a twelve month high of $320.00. The firm’s 50-day simple moving average is $233.13 and its 200-day simple moving average is $228.00.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.12 by $0.18. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the previous year, the firm posted $2.62 earnings per share. The company’s revenue was up 16.1% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. Equities research analysts predict that Autodesk, Inc. will post 9.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ADSK has been the subject of a number of analyst reports. Wall Street Zen cut Autodesk from a “buy” rating to a “hold” rating in a report on Monday, September 14th. Cantor Fitzgerald initiated coverage on shares of Autodesk in a research report on Monday, September 14th. They set a “neutral” rating and a $215.00 target price for the company. Guggenheim reissued a “buy” rating and set a $283.00 price target on shares of Autodesk in a report on Monday, September 21st. UBS Group restated a “buy” rating on shares of Autodesk in a research report on Thursday, September 24th. Finally, New Street Research set a $277.00 price objective on shares of Autodesk in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Autodesk currently has an average rating of “Moderate Buy” and a consensus target price of $316.84.

About Autodesk

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.