Autodesk, Inc. $ADSK Shares Bought by First Trust Advisors LP

First Trust Advisors LP raised its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 197.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 910,768 shares of the software company’s stock after purchasing an additional 604,235 shares during the period. First Trust Advisors LP’s holdings in Autodesk were worth $289,324,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Autodesk by 12.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,180 shares of the software company’s stock worth $48,661,000 after acquiring an additional 17,358 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of Autodesk by 18.7% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 130,669 shares of the software company’s stock valued at $41,510,000 after acquiring an additional 20,543 shares in the last quarter. Pacific Heights Asset Management LLC increased its holdings in shares of Autodesk by 26.9% during the third quarter. Pacific Heights Asset Management LLC now owns 85,000 shares of the software company’s stock valued at $27,002,000 after acquiring an additional 18,000 shares in the last quarter. Freemont Management S.A. purchased a new position in shares of Autodesk in the 3rd quarter valued at approximately $4,765,000. Finally, Renaissance Group LLC acquired a new stake in Autodesk in the 3rd quarter worth approximately $33,789,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Trading Down 1.2%

Shares of ADSK stock opened at $260.99 on Friday. The stock’s fifty day moving average is $256.81 and its two-hundred day moving average is $288.85. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.82 and a current ratio of 0.85. The firm has a market capitalization of $55.07 billion, a P/E ratio of 49.81, a PEG ratio of 1.75 and a beta of 1.45. Autodesk, Inc. has a fifty-two week low of $215.01 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 (EPS) 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 analysts’ expectations of $1.91 billion. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. Autodesk’s revenue was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the company 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. Research analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on ADSK. DA Davidson dropped their target price on shares of Autodesk from $375.00 to $325.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Wolfe Research lifted their price objective on shares of Autodesk from $330.00 to $350.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Arete Research boosted their price objective on shares of Autodesk from $430.00 to $460.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Morgan Stanley reduced their target price on Autodesk from $385.00 to $350.00 and set an “overweight” rating for the company in a research note on Monday, February 23rd. Finally, Barclays boosted their price target on Autodesk from $300.00 to $315.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $341.96.

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.