Captrust Financial Advisors Increases Stock Position in Autodesk, Inc. $ADSK

Captrust Financial Advisors lifted its stake in Autodesk, Inc. (NASDAQ:ADSK) by 5.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 263,710 shares of the software company’s stock after acquiring an additional 12,758 shares during the quarter. Captrust Financial Advisors owned 0.12% of Autodesk worth $83,773,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its position in Autodesk by 12.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,180 shares of the software company’s stock valued at $48,661,000 after acquiring an additional 17,358 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its position in Autodesk by 18.7% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 130,669 shares of the software company’s stock worth $41,510,000 after purchasing an additional 20,543 shares during the last quarter. Pacific Heights Asset Management LLC grew its stake in shares of Autodesk by 26.9% during the 3rd quarter. Pacific Heights Asset Management LLC now owns 85,000 shares of the software company’s stock valued at $27,002,000 after purchasing an additional 18,000 shares during the period. Freemont Management S.A. bought a new stake in shares of Autodesk during the 3rd quarter valued at about $4,765,000. Finally, Renaissance Group LLC purchased a new stake in shares of Autodesk during the 3rd quarter valued at about $33,789,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Stock Performance

NASDAQ:ADSK opened at $248.48 on Thursday. The stock has a 50-day moving average price of $250.08 and a 200 day moving average price of $286.73. The stock has a market capitalization of $52.43 billion, a P/E ratio of 47.42, a P/E/G ratio of 1.68 and a beta of 1.45. Autodesk, Inc. has a 12-month low of $215.01 and a 12-month high of $329.09. 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 posted its quarterly earnings results on Thursday, February 26th. The software company reported $2.85 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.91 billion. During the same period in the previous year, the firm earned $2.29 EPS. The firm’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. Equities research analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ADSK shares. Argus upgraded shares of Autodesk to a “strong-buy” rating in a research note on Friday, March 6th. UBS Group cut their target price on shares of Autodesk from $400.00 to $290.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. Bank of America increased their price target on shares of Autodesk from $360.00 to $365.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Macquarie Infrastructure 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. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Autodesk from $375.00 to $330.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $342.96.

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.