State of New Jersey Common Pension Fund D Increases Position in Autodesk, Inc. $ADSK

State of New Jersey Common Pension Fund D raised its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 4.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 74,902 shares of the software company’s stock after acquiring an additional 3,323 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Autodesk were worth $23,794,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ADSK. Proffitt & Goodson Inc. acquired a new stake in shares of Autodesk in the third quarter valued at approximately $27,000. Access Investment Management LLC purchased a new stake in Autodesk in the 2nd quarter valued at $28,000. Heartwood Wealth Advisors LLC acquired a new stake in shares of Autodesk in the 3rd quarter worth $28,000. Tripletail Wealth Management LLC purchased a new position in shares of Autodesk during the 3rd quarter worth $29,000. Finally, Financial Consulate Inc. acquired a new position in shares of Autodesk during the 3rd quarter valued at about $32,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ADSK has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Autodesk from a “hold” rating to a “buy” rating and raised their price objective for the stock from $345.00 to $375.00 in a research report on Wednesday, November 26th. Macquarie Infrastructure raised their price target on shares of Autodesk from $380.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, November 26th. The Goldman Sachs Group lifted their price target on shares of Autodesk from $320.00 to $330.00 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. Wells Fargo & Company increased their price objective on Autodesk from $375.00 to $380.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. Finally, Arete Research lifted their target price on Autodesk from $430.00 to $460.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $367.61.

Autodesk Stock Up 3.5%

Shares of NASDAQ ADSK opened at $231.22 on Monday. 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 business’s 50 day moving average is $274.94 and its two-hundred day moving average is $294.58. Autodesk, Inc. has a 52-week low of $216.01 and a 52-week high of $329.09. The firm has a market cap of $49.02 billion, a price-to-earnings ratio of 44.81, a PEG ratio of 1.62 and a beta of 1.45.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Tuesday, November 25th. The software company reported $2.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.50 by $0.17. Autodesk had a return on equity of 52.06% and a net margin of 16.09%.The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the company earned $2.17 EPS. Autodesk’s 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. Research analysts predict that Autodesk, Inc. will post 5.76 EPS for the current year.

Autodesk Company 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.