Federated Hermes Inc. Acquires 9,574 Shares of Autodesk, Inc. $ADSK

Federated Hermes Inc. grew its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 29.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,815 shares of the software company’s stock after acquiring an additional 9,574 shares during the period. Federated Hermes Inc.’s holdings in Autodesk were worth $13,283,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Bridgewater Advisors Inc. lifted its position in shares of Autodesk by 2.2% in the second 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 raised its stake 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 acquiring an additional 35 shares in the last quarter. Patron Partners LLC lifted its holdings in Autodesk by 0.8% in the 3rd quarter. Patron Partners LLC now owns 4,295 shares of the software company’s stock worth $1,364,000 after purchasing an additional 35 shares during the last quarter. Fulton Bank N.A. boosted its position in Autodesk by 4.6% during the third quarter. Fulton Bank N.A. now owns 812 shares of the software company’s stock worth $258,000 after purchasing an additional 36 shares during the period. Finally, Wedbush Securities Inc. grew its holdings in Autodesk by 2.6% during the second quarter. Wedbush Securities Inc. now owns 1,484 shares of the software company’s stock valued at $459,000 after purchasing an additional 37 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Analyst Ratings Changes

ADSK has been the subject of a number of analyst reports. Macquarie boosted their price objective 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. Wolfe Research raised their price target on Autodesk from $370.00 to $390.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Redburn Partners set a $375.00 price objective on Autodesk in a research report on Friday, January 9th. Deutsche Bank Aktiengesellschaft raised Autodesk from a “hold” rating to a “buy” rating and raised their target price for the company from $345.00 to $375.00 in a report on Wednesday, November 26th. Finally, BMO Capital Markets lifted their price target on Autodesk from $333.00 to $343.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 26th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $369.97.

Autodesk Stock Down 1.1%

ADSK opened at $252.87 on Friday. The company has a market capitalization of $53.61 billion, a P/E ratio of 49.01, a P/E/G ratio of 2.08 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. The firm’s fifty day moving average price is $287.62 and its two-hundred day moving average price is $298.86. Autodesk, Inc. has a fifty-two week low of $232.67 and a fifty-two week high of $329.09.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Tuesday, November 25th. The software company reported $2.67 EPS for the quarter, topping analysts’ consensus estimates of $2.50 by $0.17. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.81 billion. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. The firm’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period last year, the firm earned $2.17 EPS. 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, analysts anticipate 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.