Caprock Group LLC Makes New Investment in Autodesk, Inc. $ADSK

Caprock Group LLC 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 7,270 shares of the software company’s stock, valued at approximately $2,288,000.

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

Analyst Ratings Changes

A number of research firms have weighed in on ADSK. Rosenblatt Securities reaffirmed a “buy” rating and set a $355.00 price objective on shares of Autodesk in a research report on Monday, November 24th. Wells Fargo & Company raised their price target on Autodesk from $375.00 to $380.00 and gave the company an “overweight” rating in a report on Wednesday, November 26th. Royal Bank Of Canada restated an “outperform” rating and set a $340.00 target price on shares of Autodesk in a research report on Wednesday. Deutsche Bank Aktiengesellschaft raised shares of Autodesk from a “hold” rating to a “buy” rating and upped their price target for the stock from $345.00 to $375.00 in a research note on Wednesday, November 26th. Finally, Macquarie Infrastructure boosted their price objective on shares of Autodesk from $380.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, November 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $367.61.

Autodesk Stock Performance

Shares of ADSK opened at $223.49 on Friday. Autodesk, Inc. has a 12-month low of $216.01 and a 12-month high of $329.09. The stock has a market cap of $47.38 billion, a P/E ratio of 43.31, a PEG ratio of 1.62 and a beta of 1.45. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.86. The company has a 50-day moving average of $276.45 and a two-hundred day moving average of $295.27.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Tuesday, November 25th. The software company reported $2.67 earnings per share for the quarter, topping analysts’ consensus estimates of $2.50 by $0.17. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. The business had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same period last year, the company posted $2.17 EPS. The company’s revenue was up 18.0% on a year-over-year basis. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS and its Q4 2026 guidance at 2.590-2.67 EPS. As a group, 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.