Geode Capital Management LLC Boosts Holdings in Autodesk, Inc. $ADSK

Geode Capital Management LLC grew its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,682,041 shares of the software company’s stock after purchasing an additional 123,691 shares during the period. Geode Capital Management LLC’s holdings in Autodesk were worth $1,677,404,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Fidelis Capital Partners LLC raised its stake in shares of Autodesk by 4.1% during the fourth quarter. Fidelis Capital Partners LLC now owns 1,634 shares of the software company’s stock valued at $484,000 after purchasing an additional 64 shares during the period. Expressive Wealth LLC purchased a new stake in shares of Autodesk during the fourth quarter valued at approximately $356,000. Integrity Alliance LLC. purchased a new stake in shares of Autodesk during the fourth quarter valued at approximately $247,000. AlphaQuest LLC raised its stake in shares of Autodesk by 26.0% during the fourth quarter. AlphaQuest LLC now owns 4,329 shares of the software company’s stock valued at $1,281,000 after purchasing an additional 893 shares during the period. Finally, Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Autodesk during the fourth quarter valued at approximately $123,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Stifel Nicolaus dropped their price objective on shares of Autodesk from $375.00 to $285.00 and set a “buy” rating on the stock in a research note on Monday, February 23rd. Arete Research dropped their price objective on shares of Autodesk from $460.00 to $456.00 and set a “buy” rating on the stock in a research note on Thursday, March 26th. Zacks Research lowered shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. DA Davidson dropped their price objective on shares of Autodesk from $375.00 to $325.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Finally, JPMorgan Chase & Co. raised 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. Three research 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $330.96.

Trending Headlines about Autodesk

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Autodesk reported fiscal Q1 2027 revenue of $1.93 billion, up 18% year over year, with EPS of $2.99 beating estimates. The company also issued strong next-quarter and full-year guidance, suggesting continued momentum in demand and profitability. Autodesk (ADSK) Beats Q1 Earnings and Revenue Estimates
• Positive Sentiment: The company’s guidance update came in above Wall Street expectations, with fiscal 2027 EPS guidance of $12.40 to $12.65 and Q2 EPS guidance of $3.10 to $3.14, reinforcing the view that Autodesk’s core business is performing well. AUTODESK, INC. ANNOUNCES FISCAL 2027 FIRST QUARTER RESULTS
• Positive Sentiment: Autodesk announced a definitive agreement to acquire MaintainX for about $3.6 billion in cash, a move that expands its push into AI-powered operations software and broadens its platform beyond design into the “operate” phase of the workflow. Autodesk to acquire MaintainX, advancing unified platform in operations
• Neutral Sentiment: Some market reaction was mixed despite the earnings beat, as investors may be focusing on integration risk and the cash cost of the MaintainX deal alongside the strong operating numbers. Autodesk Stock Sinks Despite Q1 Earnings Beat
• Neutral Sentiment: Analyst coverage remained constructive ahead of earnings, with some firms revising targets higher and Jefferies upgrading Autodesk to “strong-buy,” which supports sentiment but is less immediate than the earnings and acquisition news. Autodesk (ADSK) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Autodesk Stock Up 1.7%

ADSK stock opened at $240.95 on Friday. Autodesk, Inc. has a twelve month low of $214.10 and a twelve month high of $329.09. 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 company has a market capitalization of $50.88 billion, a P/E ratio of 45.98, a PEG ratio of 1.53 and a beta of 1.32. The firm has a 50 day simple moving average of $238.86 and a 200-day simple moving average of $260.61.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.15. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.89 billion. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The firm’s revenue was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.29 earnings per share. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. On average, equities research analysts predict that Autodesk, Inc. will post 9.35 earnings per share for the current fiscal year.

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.