Autodesk, Inc. $ADSK Shares Acquired by Legal & General Group Plc

Legal & General Group Plc lifted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 3.5% during the fourth quarter, Holdings Channel reports. The firm owned 2,089,026 shares of the software company’s stock after acquiring an additional 69,668 shares during the quarter. Legal & General Group Plc’s holdings in Autodesk were worth $618,373,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Main Street Research LLC increased its position in Autodesk by 1.5% in the 4th quarter. Main Street Research LLC now owns 14,291 shares of the software company’s stock valued at $4,230,000 after acquiring an additional 217 shares during the period. Simplify Asset Management Inc. increased its position in Autodesk by 32.3% in the 4th quarter. Simplify Asset Management Inc. now owns 1,148 shares of the software company’s stock valued at $340,000 after acquiring an additional 280 shares during the period. Atticus Wealth Management LLC increased its position in Autodesk by 11.3% in the 4th quarter. Atticus Wealth Management LLC now owns 987 shares of the software company’s stock valued at $292,000 after acquiring an additional 100 shares during the period. Swedbank AB increased its position in Autodesk by 6.5% in the 4th quarter. Swedbank AB now owns 159,965 shares of the software company’s stock valued at $47,351,000 after acquiring an additional 9,754 shares during the period. Finally, Prospera Financial Services Inc increased its position in Autodesk by 12.4% in the 4th quarter. Prospera Financial Services Inc now owns 818 shares of the software company’s stock valued at $242,000 after acquiring an additional 90 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Performance

NASDAQ ADSK opened at $240.99 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.82. The business’s 50 day moving average is $239.61 and its two-hundred day moving average is $261.86. Autodesk, Inc. has a 12-month low of $214.10 and a 12-month high of $329.09. The stock has a market capitalization of $50.89 billion, a price-to-earnings ratio of 45.99, a PEG ratio of 1.55 and a beta of 1.32.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.64 by $0.21. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter in the previous year, the firm posted $2.29 EPS. The firm’s quarterly revenue 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. Research analysts expect that Autodesk, Inc. will post 9.35 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ADSK. Bank of America restated a “buy” rating and issued a $300.00 price target on shares of Autodesk in a research report on Tuesday, May 12th. BTIG Research dropped their price target on Autodesk from $365.00 to $300.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Zacks Research cut Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. Argus upgraded Autodesk to a “strong-buy” rating in a research report on Friday, March 6th. Finally, Robert W. Baird dropped their price target on Autodesk from $355.00 to $312.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $332.21.

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.