Chilton Investment Co. Inc. Takes $699,000 Position in Autodesk, Inc. $ADSK

Chilton Investment Co. Inc. bought a new position in Autodesk, Inc. (NASDAQ:ADSK) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,201 shares of the software company’s stock, valued at approximately $699,000.

A number of other large investors have also bought and sold shares of ADSK. Proffitt & Goodson Inc. bought a new position in Autodesk in the 3rd quarter valued at $27,000. Heartwood Wealth Advisors LLC bought a new stake in shares of Autodesk during the third quarter worth $28,000. Tripletail Wealth Management LLC acquired a new stake in shares of Autodesk in the third quarter valued at $29,000. Financial Consulate Inc. acquired a new stake in shares of Autodesk in the third quarter valued at $32,000. Finally, Salomon & Ludwin LLC raised its holdings in shares of Autodesk by 1,275.0% in the third quarter. Salomon & Ludwin LLC now owns 110 shares of the software company’s stock valued at $35,000 after buying an additional 102 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors.

Autodesk Stock Performance

Shares of NASDAQ:ADSK opened at $251.17 on Monday. 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, Inc. has a 1-year low of $215.01 and a 1-year high of $329.09. The stock has a market capitalization of $53.00 billion, a P/E ratio of 47.93, a P/E/G ratio of 1.66 and a beta of 1.45. The business has a 50-day moving average price of $252.57 and a two-hundred day moving average price of $287.70.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share (EPS) 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 company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter last year, the firm earned $2.29 EPS. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. 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 analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ADSK shares. JPMorgan Chase & Co. upped their price target on shares of Autodesk from $319.00 to $336.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Macquarie Infrastructure upped their target price on shares of Autodesk from $380.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. Arete Research increased their price target on shares of Autodesk from $430.00 to $460.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Morgan Stanley lowered their price target on shares of Autodesk from $385.00 to $350.00 and set an “overweight” rating for the company in a report on Monday, February 23rd. Finally, Citigroup boosted their price objective on shares of Autodesk from $315.00 to $331.00 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and an average price target of $341.96.

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.