Arrowstreet Capital Limited Partnership Buys 2,949 Shares of Autodesk, Inc. $ADSK

Arrowstreet Capital Limited Partnership raised its position in Autodesk, Inc. (NASDAQ:ADSK) by 0.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,037,029 shares of the software company’s stock after acquiring an additional 2,949 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.96% of Autodesk worth $647,103,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ADSK. Brighton Jones LLC raised its stake in shares of Autodesk by 14.5% in the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock valued at $343,000 after acquiring an additional 147 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Autodesk by 98.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock valued at $765,000 after purchasing an additional 1,224 shares in the last quarter. Schnieders Capital Management LLC. acquired a new position in Autodesk in the 2nd quarter worth $466,000. AE Wealth Management LLC grew its stake in shares of Autodesk by 33.5% during the 2nd quarter. AE Wealth Management LLC now owns 2,691 shares of the software company’s stock worth $833,000 after acquiring an additional 675 shares in the last quarter. Finally, Prospera Financial Services Inc acquired a new stake in Autodesk in the 2nd quarter valued at about $225,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

ADSK opened at $249.89 on Friday. Autodesk, Inc. has a 12-month low of $215.01 and a 12-month high of $329.09. The company has a market cap of $52.73 billion, a price-to-earnings ratio of 47.69, a price-to-earnings-growth ratio of 1.67 and a beta of 1.45. The stock has a fifty day simple moving average of $253.28 and a two-hundred day simple moving average of $287.89. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.82.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, February 26th. The software company reported $2.85 EPS for the quarter, beating 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 business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period last year, the business posted $2.29 EPS. The company’s revenue was up 19.4% compared to the same quarter last year. 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 fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on ADSK. HSBC decreased their price target on Autodesk from $388.00 to $379.00 and set a “buy” rating on the stock in a research report on Friday, November 28th. BTIG Research dropped their target price on shares of Autodesk from $365.00 to $300.00 and set a “buy” rating on the stock in a report on Friday, February 27th. BMO Capital Markets cut their target price on Autodesk from $343.00 to $279.00 and set a “market perform” rating on the stock in a report on Monday, March 2nd. Robert W. Baird lifted their target price on Autodesk from $367.00 to $377.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Finally, Piper Sandler restated an “overweight” rating and set a $383.00 price target (up from $373.00) on shares of Autodesk in a report on Monday, March 2nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $341.96.

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.