Abacus FCF Advisors LLC Acquires 1,776 Shares of Autodesk, Inc. $ADSK

Abacus FCF Advisors LLC raised its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 62,365 shares of the software company’s stock after acquiring an additional 1,776 shares during the quarter. Autodesk makes up 2.6% of Abacus FCF Advisors LLC’s investment portfolio, making the stock its 7th biggest holding. Abacus FCF Advisors LLC’s holdings in Autodesk were worth $19,811,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ADSK. Beacon Financial Group boosted its holdings in Autodesk by 3.0% in the second quarter. Beacon Financial Group now owns 1,130 shares of the software company’s stock valued at $350,000 after purchasing an additional 33 shares in the last quarter. Bridgewater Advisors Inc. lifted its position in shares of Autodesk by 2.2% during the 2nd quarter. Bridgewater Advisors Inc. now owns 1,567 shares of the software company’s stock worth $474,000 after buying an additional 34 shares during the last quarter. Clarity Wealth Advisors LLC boosted its holdings in shares of Autodesk by 2.3% in the 2nd quarter. Clarity Wealth Advisors LLC now owns 1,535 shares of the software company’s stock valued at $475,000 after buying an additional 35 shares in the last quarter. Wedbush Securities Inc. grew its position in shares of Autodesk by 2.6% in the 2nd quarter. Wedbush Securities Inc. now owns 1,484 shares of the software company’s stock valued at $459,000 after buying an additional 37 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. raised its stake in Autodesk by 67.8% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 99 shares of the software company’s stock worth $31,000 after acquiring an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

Autodesk stock opened at $301.23 on Tuesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.82 and a quick ratio of 0.82. The business has a 50 day simple moving average of $300.35 and a 200-day simple moving average of $303.54. Autodesk, Inc. has a 12 month low of $232.67 and a 12 month high of $329.09. The stock has a market capitalization of $63.86 billion, a PE ratio of 58.38, a price-to-earnings-growth ratio of 2.44 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 the consensus estimate of $2.50 by $0.17. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. The company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the previous year, the company posted $2.17 EPS. Autodesk’s revenue was up 18.0% compared to the same quarter last year. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS and its Q4 2026 guidance at 2.590-2.67 EPS. Equities analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

ADSK has been the subject of several research analyst reports. Royal Bank Of Canada restated an “outperform” rating and issued a $380.00 price objective on shares of Autodesk in a research note on Monday, October 6th. Wolfe Research boosted their target price on Autodesk from $370.00 to $390.00 and gave the company an “outperform” rating in a report on Wednesday, November 26th. The Goldman Sachs Group raised their price target on Autodesk from $320.00 to $330.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. HSBC reduced their price objective on Autodesk from $388.00 to $379.00 and set a “buy” rating for the company in a research note on Friday, November 28th. Finally, KeyCorp restated an “overweight” rating on shares of Autodesk in a research report on Tuesday, December 16th. Two 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. According to data from MarketBeat, Autodesk currently has an average rating of “Moderate Buy” and a consensus target price of $369.59.

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.