Autodesk, Inc. $ADSK Stock Holdings Increased by Pacific Heights Asset Management LLC

Pacific Heights Asset Management LLC raised its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 26.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 85,000 shares of the software company’s stock after buying an additional 18,000 shares during the quarter. Autodesk comprises 1.2% of Pacific Heights Asset Management LLC’s portfolio, making the stock its 15th largest position. Pacific Heights Asset Management LLC’s holdings in Autodesk were worth $27,002,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Nordea Investment Management AB grew its position in shares of Autodesk by 5.6% during the 2nd quarter. Nordea Investment Management AB now owns 21,254 shares of the software company’s stock valued at $6,509,000 after buying an additional 1,124 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in Autodesk by 4.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 363,405 shares of the software company’s stock worth $115,443,000 after acquiring an additional 13,844 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Autodesk by 2.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 941,631 shares of the software company’s stock worth $299,128,000 after acquiring an additional 20,489 shares during the last quarter. Franklin Resources Inc. boosted its stake in Autodesk by 2.0% in the second quarter. Franklin Resources Inc. now owns 2,225,768 shares of the software company’s stock valued at $689,031,000 after acquiring an additional 43,869 shares during the period. Finally, Welch & Forbes LLC bought a new position in shares of Autodesk during the second quarter valued at approximately $348,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Trading Up 1.3%

Shares of ADSK stock opened at $265.69 on Tuesday. The stock has a 50-day simple moving average of $293.32 and a 200 day simple moving average of $301.21. The stock has a market capitalization of $56.33 billion, a P/E ratio of 51.49, a P/E/G ratio of 2.16 and a beta of 1.46. Autodesk, Inc. has a fifty-two week low of $232.67 and a fifty-two week high of $329.09. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.86.

Autodesk (NASDAQ:ADSK) last issued its quarterly 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. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the previous year, the business earned $2.17 earnings per share. Autodesk’s revenue for the quarter was up 18.0% compared to the same quarter last year. 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, sell-side analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on ADSK. HSBC cut their price target on Autodesk from $388.00 to $379.00 and set a “buy” rating on the stock in a report on Friday, November 28th. Hsbc Global Res upgraded Autodesk from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. The Goldman Sachs Group increased their price target on Autodesk from $320.00 to $330.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Piper Sandler restated an “overweight” rating on shares of Autodesk in a research note on Tuesday, January 13th. Finally, Rothschild & Co Redburn initiated coverage on shares of Autodesk in a report on Friday, January 9th. They issued a “buy” rating and a $375.00 price objective for the company. Three analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and an average target price of $369.97.

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.