Cerity Partners LLC Increases Holdings in Autodesk, Inc. $ADSK

Cerity Partners LLC increased its position in Autodesk, Inc. (NASDAQ:ADSK) by 5.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 192,924 shares of the software company’s stock after purchasing an additional 9,780 shares during the quarter. Cerity Partners LLC owned approximately 0.09% of Autodesk worth $61,284,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Beacon Financial Group increased its stake in shares of Autodesk by 3.0% during the second quarter. Beacon Financial Group now owns 1,130 shares of the software company’s stock valued at $350,000 after buying an additional 33 shares during the period. Bridgewater Advisors Inc. grew its holdings in 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 acquiring an additional 34 shares in the last quarter. Clarity Wealth Advisors LLC increased its position in Autodesk by 2.3% during the 2nd quarter. Clarity Wealth Advisors LLC now owns 1,535 shares of the software company’s stock valued at $475,000 after purchasing an additional 35 shares during the period. Fulton Bank N.A. raised its holdings in shares of Autodesk by 4.6% in the 3rd quarter. Fulton Bank N.A. now owns 812 shares of the software company’s stock valued at $258,000 after purchasing an additional 36 shares in the last quarter. Finally, Wedbush Securities Inc. lifted 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 worth $459,000 after purchasing an additional 37 shares during the period. 90.24% of the stock is owned by institutional investors.

Autodesk Stock Up 0.2%

Shares of ADSK stock opened at $293.79 on Thursday. The stock’s fifty day moving average price is $298.16 and its 200 day moving average price is $303.36. Autodesk, Inc. has a 1-year low of $232.67 and a 1-year high of $329.09. The company has a market cap of $62.28 billion, a price-to-earnings ratio of 56.94, a price-to-earnings-growth ratio of 2.38 and a beta of 1.46. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.82 and a quick ratio of 0.82.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Tuesday, November 25th. The software company reported $2.67 earnings per share 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 business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the company earned $2.17 earnings per share. The company’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. On average, research analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on ADSK. Wall Street Zen lowered shares of Autodesk from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 28th. Robert W. Baird lifted their price target on Autodesk from $367.00 to $377.00 and gave the company an “outperform” rating in a report on Wednesday, November 26th. Deutsche Bank Aktiengesellschaft raised Autodesk from a “hold” rating to a “buy” rating and boosted their price target for the stock from $345.00 to $375.00 in a research report on Wednesday, November 26th. Macquarie raised their price objective on Autodesk from $380.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Finally, Hsbc Global Res upgraded Autodesk from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Autodesk presently has an average rating of “Moderate Buy” and an average target price of $369.59.

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.