Ninety One North America Inc. Acquires 3,386 Shares of Autodesk, Inc. $ADSK

Ninety One North America Inc. grew its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 1.2% in the third quarter, Holdings Channel reports. The institutional investor owned 296,108 shares of the software company’s stock after acquiring an additional 3,386 shares during the quarter. Autodesk accounts for 4.4% of Ninety One North America Inc.’s holdings, making the stock its 4th largest holding. Ninety One North America Inc.’s holdings in Autodesk were worth $94,065,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Flaharty Asset Management LLC purchased a new stake in Autodesk in the 1st quarter worth $27,000. Access Investment Management LLC acquired a new stake in shares of Autodesk in the second quarter valued at about $28,000. Heartwood Wealth Advisors LLC purchased a new stake in shares of Autodesk during the third quarter worth about $28,000. Tripletail Wealth Management LLC acquired a new position in shares of Autodesk during the 3rd quarter worth about $29,000. Finally, Livelsberger Financial Advisory purchased a new position in Autodesk in the 2nd quarter valued at about $31,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on ADSK. Royal Bank Of Canada reiterated an “outperform” rating and set a $380.00 price objective on shares of Autodesk in a research note on Monday, October 6th. Robert W. Baird boosted their price target on Autodesk from $367.00 to $377.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. UBS Group reissued a “buy” rating and issued a $400.00 price objective on shares of Autodesk in a research note on Wednesday, November 26th. Barclays lifted their target price on shares of Autodesk from $385.00 to $390.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 26th. Finally, KeyCorp reiterated an “overweight” rating on shares of Autodesk in a research report on Tuesday, December 16th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $369.59.

Autodesk Stock Down 1.2%

Shares of ADSK opened at $296.01 on Thursday. Autodesk, Inc. has a 52-week low of $232.67 and a 52-week high of $329.09. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.86. The stock has a fifty day simple moving average of $299.88 and a two-hundred day simple moving average of $303.54. The company has a market capitalization of $62.75 billion, a PE ratio of 57.37, a price-to-earnings-growth ratio of 2.43 and a beta of 1.47.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Tuesday, November 25th. The software company reported $2.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.50 by $0.17. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the firm posted $2.17 earnings per share. Autodesk’s quarterly revenue was up 18.0% on a year-over-year basis. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS and its Q4 2026 guidance at 2.590-2.67 EPS. As a group, equities analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current 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.