AIA Group Ltd Buys Shares of 8,672 Autodesk, Inc. $ADSK

AIA Group Ltd acquired a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,672 shares of the software company’s stock, valued at approximately $2,755,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Measured Wealth Private Client Group LLC bought a new stake in shares of Autodesk in the 3rd quarter worth approximately $25,000. Proffitt & Goodson Inc. bought a new stake in shares of Autodesk during the third quarter valued at approximately $27,000. Heartwood Wealth Advisors LLC acquired a new position in shares of Autodesk in the third quarter valued at $28,000. Tripletail Wealth Management LLC bought a new position in Autodesk in the third quarter worth $29,000. Finally, Financial Consulate Inc. acquired a new stake in Autodesk during the third quarter worth $32,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. BMO Capital Markets lowered their price target on shares of Autodesk from $343.00 to $279.00 and set a “market perform” rating on the stock in a report on Monday, March 2nd. Macquarie Infrastructure lifted their target price on shares of Autodesk from $380.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. HSBC lowered their target price on shares of Autodesk from $388.00 to $379.00 and set a “buy” rating on the stock in a research note on Friday, November 28th. Wolfe Research increased their price target on shares of Autodesk from $330.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Finally, BTIG Research cut their price target on shares of Autodesk from $365.00 to $300.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Autodesk currently has an average rating of “Moderate Buy” and a consensus price target of $342.96.

Autodesk Stock Performance

Shares of NASDAQ:ADSK opened at $247.65 on Friday. Autodesk, Inc. has a twelve month low of $215.01 and a twelve month high of $329.09. The firm has a market cap of $52.25 billion, a PE ratio of 47.26, a price-to-earnings-growth ratio of 1.65 and a beta of 1.45. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.85 and a current ratio of 0.85. The business has a fifty day moving average of $249.50 and a 200-day moving average of $286.46.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, February 26th. The software company reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.64 by $0.21. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter last year, the company posted $2.29 EPS. The company’s quarterly 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. On average, equities research analysts predict that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

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.