37,359 Shares in Autodesk, Inc. $ADSK Purchased by CIBC Bancorp USA Inc.

CIBC Bancorp USA Inc. bought a new position in Autodesk, Inc. (NASDAQ:ADSK) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 37,359 shares of the software company’s stock, valued at approximately $11,868,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ADSK. Norges Bank bought a new stake in shares of Autodesk during the 2nd quarter valued at about $777,202,000. Rakuten Investment Management Inc. bought a new position in shares of Autodesk in the third quarter worth approximately $268,649,000. Wellington Management Group LLP raised its stake in Autodesk by 326.9% in the third quarter. Wellington Management Group LLP now owns 918,010 shares of the software company’s stock valued at $291,624,000 after purchasing an additional 702,974 shares in the last quarter. First Trust Advisors LP raised its stake in Autodesk by 197.1% in the third quarter. First Trust Advisors LP now owns 910,768 shares of the software company’s stock valued at $289,324,000 after purchasing an additional 604,235 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in Autodesk by 18.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,544,520 shares of the software company’s stock valued at $1,125,988,000 after purchasing an additional 564,136 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on ADSK. Macquarie Infrastructure boosted 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. Piper Sandler restated an “overweight” rating and set a $383.00 price objective (up from $373.00) on shares of Autodesk in a research report on Monday, March 2nd. BMO Capital Markets dropped their price objective on shares of Autodesk from $343.00 to $279.00 and set a “market perform” rating for the company in a report on Monday, March 2nd. Loop Capital cut their target price on shares of Autodesk from $320.00 to $250.00 and set a “hold” rating for the company in a research report on Thursday, February 19th. Finally, UBS Group reduced their target price on Autodesk from $400.00 to $290.00 and set a “buy” rating on the stock in a research note on Monday, February 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $342.96.

Autodesk Trading Down 0.3%

Shares of ADSK opened at $247.65 on Friday. The stock has a market capitalization of $52.25 billion, a P/E ratio of 47.26, a PEG ratio of 1.65 and a beta of 1.45. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.82. The firm has a fifty day simple moving average of $249.50 and a two-hundred day simple moving average of $286.46. Autodesk, Inc. has a twelve month low of $215.01 and a twelve month high of $329.09.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, February 26th. The software company reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.64 by $0.21. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.29 earnings per share. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. On average, research 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.