Assetmark Inc. Buys 7,595 Shares of Autodesk, Inc. $ADSK

Assetmark Inc. grew its stake in Autodesk, Inc. (NASDAQ:ADSK) by 19.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,332 shares of the software company’s stock after purchasing an additional 7,595 shares during the period. Assetmark Inc.’s holdings in Autodesk were worth $14,718,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Autodesk by 12.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,180 shares of the software company’s stock worth $48,661,000 after buying an additional 17,358 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Autodesk by 18.7% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 130,669 shares of the software company’s stock valued at $41,510,000 after acquiring an additional 20,543 shares during the period. Pacific Heights Asset Management LLC boosted its stake in Autodesk by 26.9% during the third quarter. Pacific Heights Asset Management LLC now owns 85,000 shares of the software company’s stock worth $27,002,000 after acquiring an additional 18,000 shares in the last quarter. Nordea Investment Management AB grew its holdings in Autodesk by 5.6% in the second quarter. Nordea Investment Management AB now owns 21,254 shares of the software company’s stock worth $6,509,000 after purchasing an additional 1,124 shares during the period. Finally, Renaissance Group LLC bought a new stake in Autodesk in the third quarter valued at $33,789,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Price Performance

ADSK opened at $231.22 on Monday. Autodesk, Inc. has a 1 year low of $216.01 and a 1 year high of $329.09. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market capitalization of $49.02 billion, a price-to-earnings ratio of 44.81, a P/E/G ratio of 1.62 and a beta of 1.45. The firm’s fifty day moving average price is $274.94 and its two-hundred day moving average price is $294.58.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Tuesday, November 25th. The software company reported $2.67 earnings per share for the quarter, beating 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 company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the firm earned $2.17 earnings per share. The firm’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, analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ADSK has been the topic of a number of research analyst reports. Robert W. Baird increased their price objective on shares of Autodesk from $367.00 to $377.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. Citigroup increased their price target on Autodesk from $370.00 to $382.00 and gave the stock a “buy” rating in a report on Friday, November 28th. Rothschild & Co Redburn set a $375.00 price objective on Autodesk in a research note on Friday, January 9th. HSBC cut their target price on Autodesk from $388.00 to $379.00 and set a “buy” rating on the stock in a report on Friday, November 28th. Finally, Barclays boosted their price target on shares of Autodesk from $385.00 to $390.00 and gave the company an “overweight” rating in a research note 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 given a Hold rating to the company. According to data from MarketBeat.com, Autodesk presently has an average rating of “Moderate Buy” and an average target price of $367.61.

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.