Autodesk, Inc. $ADSK Holdings Raised by American Century Companies Inc.

American Century Companies Inc. raised its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 29.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 69,064 shares of the software company’s stock after buying an additional 15,917 shares during the period. American Century Companies Inc.’s holdings in Autodesk were worth $21,940,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ADSK. Proffitt & Goodson Inc. purchased a new stake in shares of Autodesk during the third quarter worth $27,000. Heartwood Wealth Advisors LLC bought a new stake in shares of Autodesk in the 3rd quarter valued at approximately $28,000. Tripletail Wealth Management LLC bought a new position in Autodesk during the third quarter valued at approximately $29,000. Financial Consulate Inc. acquired a new stake in Autodesk in the third quarter valued at approximately $32,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in Autodesk in the second quarter worth approximately $34,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $260.75 on Tuesday. The company has a market cap of $55.02 billion, a price-to-earnings ratio of 49.76, a PEG ratio of 1.73 and a beta of 1.45. The business has a 50 day moving average price of $256.00 and a 200 day moving average price of $288.67. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.82. Autodesk, Inc. has a twelve month low of $215.01 and a twelve month high of $329.09.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, February 26th. The software company reported $2.85 EPS for the quarter, topping the consensus estimate of $2.64 by $0.21. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the previous year, the business posted $2.29 EPS. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. Research analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ADSK. Stifel Nicolaus cut their price target on shares of Autodesk from $375.00 to $285.00 and set a “buy” rating on the stock in a report on Monday, February 23rd. BMO Capital Markets lowered their target price on shares of Autodesk from $343.00 to $279.00 and set a “market perform” rating on the stock in a research report on Monday, March 2nd. Wolfe Research boosted their price target on Autodesk from $330.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. BTIG Research lowered their price objective on Autodesk from $365.00 to $300.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Finally, KeyCorp reissued an “overweight” rating on shares of Autodesk in a research note on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $341.96.

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.