Summit Global Investments Makes New Investment in Autodesk, Inc. $ADSK

Summit Global Investments acquired a new stake in Autodesk, Inc. (NASDAQ:ADSK) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,674 shares of the software company’s stock, valued at approximately $1,167,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. AE Wealth Management LLC increased its holdings in Autodesk by 6.1% in the third quarter. AE Wealth Management LLC now owns 2,856 shares of the software company’s stock valued at $907,000 after buying an additional 165 shares during the last quarter. Fidelis Capital Partners LLC boosted its position in shares of Autodesk by 7.5% during the 3rd quarter. Fidelis Capital Partners LLC now owns 1,570 shares of the software company’s stock worth $499,000 after acquiring an additional 110 shares in the last quarter. New York State Common Retirement Fund increased its holdings in shares of Autodesk by 1.2% in the 3rd quarter. New York State Common Retirement Fund now owns 321,717 shares of the software company’s stock valued at $102,200,000 after acquiring an additional 3,874 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Autodesk by 12.8% during the 3rd 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 in the last quarter. Finally, Ballentine Partners LLC raised its position in shares of Autodesk by 3.2% during the 3rd quarter. Ballentine Partners LLC now owns 5,351 shares of the software company’s stock worth $1,700,000 after acquiring an additional 166 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. UBS Group reiterated a “buy” rating and issued a $400.00 price target on shares of Autodesk in a research note on Wednesday, November 26th. Bank of America upped their target price on shares of Autodesk from $360.00 to $365.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. Macquarie lifted their price target on shares of Autodesk from $380.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. 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. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Autodesk in a report on Wednesday, January 21st. Three analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $369.97.

Autodesk Price Performance

Shares of ADSK opened at $252.87 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.82 and a current ratio of 0.82. Autodesk, Inc. has a fifty-two week low of $232.67 and a fifty-two week high of $329.09. The firm has a 50-day simple moving average of $287.62 and a 200-day simple moving average of $298.79. The company has a market capitalization of $53.61 billion, a price-to-earnings ratio of 49.01, a price-to-earnings-growth ratio of 2.08 and a beta of 1.46.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Tuesday, November 25th. The software company reported $2.67 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the prior year, the business earned $2.17 EPS. The firm’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. On average, equities research analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share 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.