Soltis Investment Advisors LLC Purchases 11,208 Shares of Autodesk, Inc. $ADSK

Soltis Investment Advisors LLC purchased a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,208 shares of the software company’s stock, valued at approximately $2,342,000.

A number of other hedge funds have also modified their holdings of the business. Quantinno Capital Management LP raised its stake in shares of 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 acquiring an additional 58,285 shares during the period. Deutsche Bank AG acquired a new position in shares of Autodesk in the 2nd quarter worth approximately $322,851,000. Green Alpha Advisors LLC acquired a new position in shares of Autodesk in the 2nd quarter worth approximately $561,000. Seilern Investment Management Ltd lifted its holdings in shares of Autodesk by 11.0% in the 2nd quarter. Seilern Investment Management Ltd now owns 227,675 shares of the software company’s stock worth $44,265,000 after acquiring an additional 22,547 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Autodesk by 2.9% during the 2nd quarter. State Street Corp now owns 10,268,172 shares of the software company’s stock worth $1,996,338,000 after purchasing an additional 284,621 shares during the period. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on ADSK. Berenberg Bank set a $333.00 target price on shares of Autodesk in a report on Tuesday, September 1st. Rosenblatt Securities restated a “buy” rating and set a $330.00 price target on shares of Autodesk in a research note on Monday, August 31st. Wall Street Zen upgraded Autodesk from a “hold” rating to a “buy” rating in a research note on Sunday, October 25th. BNP Paribas Exane raised their price target on Autodesk from $295.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, August 28th. Finally, The Goldman Sachs Group raised Autodesk from a “hold” rating to an “outperform” rating and set a $265.00 price objective for the company in a research note on Thursday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $316.84.

Autodesk Stock Up 3.3%

Shares of ADSK opened at $249.61 on Friday. The stock has a market capitalization of $52.17 billion, a PE ratio of 28.04, a P/E/G ratio of 1.60 and a beta of 1.33. Autodesk, Inc. has a 1 year low of $185.50 and a 1 year high of $320.00. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.86 and a current ratio of 0.86. The company’s 50-day simple moving average is $232.45 and its 200-day simple moving average is $234.15.

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. Analysts forecast 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.