Murphy Pohlad Asset Management LLC Makes New $1.01 Million Investment in Autodesk, Inc. $ADSK

Murphy Pohlad Asset Management LLC acquired a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the third quarter, Holdings Channel reports. The institutional investor acquired 4,848 shares of the software company’s stock, valued at approximately $1,013,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ascentis Independent Advisors acquired a new position in Autodesk in the first quarter valued at about $28,000. Johnson Financial Group Inc. purchased a new position in Autodesk during the second quarter worth about $30,000. Avalon Trust Co acquired a new stake in shares of Autodesk during the second quarter valued at about $35,000. Community Financial Services Group LLC acquired a new stake in shares of Autodesk during the second quarter valued at about $37,000. Finally, Clearstead Trust LLC acquired a new stake in shares of Autodesk during the second quarter valued at about $39,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ADSK shares. UBS Group reissued a “buy” rating on shares of Autodesk in a research note on Thursday, September 24th. KeyCorp reaffirmed an “overweight” rating on shares of Autodesk in a research report on Wednesday, August 19th. Barclays reiterated an “overweight” rating on shares of Autodesk in a report on Wednesday, August 19th. Piper Sandler began coverage on Autodesk in a research report on Monday, September 28th. They issued an “overweight” rating and a $300.00 target price on the stock. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $305.00 target price on shares of Autodesk in a research report on Thursday, September 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and a consensus price target of $316.84.

Autodesk Stock Down 1.1%

Shares of ADSK traded down $2.75 during mid-day trading on Friday, hitting $252.20. 1,320,296 shares of the company’s stock were exchanged, compared to its average volume of 1,888,559. The stock’s 50-day moving average is $232.12 and its 200-day moving average is $228.31. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.86 and a current ratio of 0.86. Autodesk, Inc. has a fifty-two week low of $185.50 and a fifty-two week high of $320.00. The company has a market cap of $52.71 billion, a price-to-earnings ratio of 32.63, a P/E/G ratio of 1.69 and a beta of 1.33.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, August 27th. The software company reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.12 by $0.18. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the previous year, the business posted $2.62 earnings per share. The business’s quarterly revenue was up 16.1% compared to the same quarter last year. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. On average, sell-side analysts anticipate that Autodesk, Inc. will post 9.70 earnings per share for the current fiscal year.

Autodesk Profile

Autodesk, Inc develops software and cloud-based services for the architecture, engineering, construction, manufacturing, media and entertainment industries. Its products help customers design, visualize, simulate and manage projects, products and digital content throughout their lifecycles.

The company’s portfolio includes AutoCAD for computer-aided design; Revit for building information modeling; Civil 3D for civil engineering and infrastructure design; Inventor and Fusion for product design and manufacturing; and Maya and 3ds Max for animation, modeling and visual effects.