Sumitomo Mitsui Trust Group Inc. Buys 20,489 Shares of Autodesk, Inc. $ADSK

Sumitomo Mitsui Trust Group Inc. boosted its position in Autodesk, Inc. (NASDAQ:ADSK) by 2.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 941,631 shares of the software company’s stock after acquiring an additional 20,489 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.44% of Autodesk worth $299,128,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Proffitt & Goodson Inc. bought a new position in Autodesk during the third quarter valued at approximately $27,000. Access Investment Management LLC purchased a new stake in shares of Autodesk in the 2nd quarter valued at $28,000. Heartwood Wealth Advisors LLC bought a new position in shares of Autodesk during the 3rd quarter valued at $28,000. Tripletail Wealth Management LLC purchased a new position in Autodesk in the 3rd quarter worth $29,000. Finally, Livelsberger Financial Advisory bought a new stake in Autodesk in the second quarter worth $31,000. 90.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ADSK has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Autodesk in a report on Wednesday, October 8th. UBS Group reiterated a “buy” rating and issued a $400.00 price objective on shares of Autodesk in a report on Wednesday, November 26th. Macquarie increased their price target on Autodesk from $380.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, November 26th. Wolfe Research raised their price objective on Autodesk from $370.00 to $390.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Finally, BMO Capital Markets raised their target price on Autodesk from $333.00 to $343.00 and gave the company a “market perform” rating in a research report on Wednesday, November 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and an average price target of $369.97.

Autodesk Trading Down 0.2%

Shares of NASDAQ ADSK opened at $276.02 on Monday. The stock has a market cap of $58.52 billion, a price-to-earnings ratio of 53.49, a PEG ratio of 2.24 and a beta of 1.46. The business has a 50 day simple moving average of $297.17 and a 200 day simple moving average of $303.00. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.82 and a current ratio of 0.82. Autodesk, Inc. has a 52 week low of $232.67 and a 52 week high of $329.09.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Tuesday, November 25th. The software company reported $2.67 EPS for the quarter, topping the consensus estimate of $2.50 by $0.17. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.81 billion. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. The company’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.17 earnings per share. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS and its Q4 2026 guidance at 2.590-2.67 EPS. On average, research analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal 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.