Autodesk, Inc. $ADSK Stake Lifted by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB increased its stake in Autodesk, Inc. (NASDAQ:ADSK) by 12.2% in the third quarter, Holdings Channel reports. The firm owned 143,608 shares of the software company’s stock after purchasing an additional 15,590 shares during the period. E. Ohman J or Asset Management AB’s holdings in Autodesk were worth $30,014,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quantinno Capital Management LP raised its stake in Autodesk by 17.8% in the 1st quarter. Quantinno Capital Management LP now owns 385,572 shares of the software company’s stock valued at $92,306,000 after purchasing an additional 58,285 shares during the last quarter. Deutsche Bank AG purchased a new position in shares of Autodesk in the 2nd quarter valued at about $322,851,000. Seilern Investment Management Ltd raised its holdings in shares of Autodesk by 11.0% in the second quarter. Seilern Investment Management Ltd now owns 227,675 shares of the software company’s stock valued at $44,265,000 after buying an additional 22,547 shares during the last quarter. Green Alpha Advisors LLC acquired a new position in shares of Autodesk during the 2nd quarter worth $561,000. Finally, State Street Corp lifted its stake in Autodesk by 2.9% in the 2nd quarter. State Street Corp now owns 10,268,172 shares of the software company’s stock valued at $1,996,338,000 after buying an additional 284,621 shares in the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. New Street Research set a $277.00 target price on Autodesk in a research report on Thursday, August 20th. Rosenblatt Securities restated a “buy” rating and issued a $330.00 target price on shares of Autodesk in a report on Monday, August 31st. BTIG Research reiterated a “buy” rating and issued a $300.00 price objective on shares of Autodesk in a research note on Friday, September 18th. Barclays reiterated an “overweight” rating on shares of Autodesk in a report on Wednesday, August 19th. Finally, Cantor Fitzgerald assumed coverage on Autodesk in a report on Monday, September 14th. They issued a “neutral” rating and a $215.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $316.84.

Autodesk Stock Performance

ADSK stock opened at $254.95 on Friday. The business’s fifty day moving average is $232.11 and its 200-day moving average is $228.14. The company has a market cap of $53.28 billion, a P/E ratio of 28.40, a price-to-earnings-growth ratio of 1.62 and a beta of 1.33. Autodesk, Inc. has a twelve month low of $185.50 and a twelve month high of $320.00. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.59.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.12 by $0.18. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. During the same period last year, the business posted $2.62 EPS. Autodesk’s revenue was up 16.1% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. Equities research analysts forecast that Autodesk, Inc. will post 9.70 EPS for the current year.

Autodesk Company 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.