205,074 Shares in Autodesk, Inc. $ADSK Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 205,074 shares of the software company’s stock, valued at approximately $42,860,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Quantinno Capital Management LP lifted its position in shares of Autodesk by 17.8% during the 1st quarter. Quantinno Capital Management LP now owns 385,572 shares of the software company’s stock worth $92,306,000 after buying an additional 58,285 shares during the last quarter. Deutsche Bank AG acquired a new position in Autodesk in the second quarter valued at $322,851,000. Green Alpha Advisors LLC bought a new position in shares of Autodesk during the 2nd quarter worth approximately $561,000. Seilern Investment Management Ltd boosted its stake in Autodesk by 11.0% during the second 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 in the last quarter. Finally, State Street Corp grew its holdings in Autodesk by 2.9% in the second 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 institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Cantor Fitzgerald began coverage on shares of Autodesk in a report on Monday, September 14th. They set a “neutral” rating and a $215.00 price objective on the stock. Berenberg Bank set a $333.00 target price on Autodesk in a research report on Tuesday, September 1st. New Street Research set a $277.00 target price on Autodesk in a research report on Thursday, August 20th. Argus reaffirmed a “buy” rating and set a $355.00 price target on shares of Autodesk in a research note on Wednesday, September 2nd. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $330.00 price target on shares of Autodesk in a report on Monday, August 31st. One 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. Based on data from MarketBeat, Autodesk has an average rating of “Moderate Buy” and an average target price of $316.84.

Autodesk Stock Performance

NASDAQ:ADSK opened at $249.61 on Monday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.86 and a quick ratio of 0.86. Autodesk, Inc. has a one year low of $185.50 and a one year high of $320.00. The company has a market cap of $52.17 billion, a PE ratio of 32.29, a PEG ratio of 1.65 and a beta of 1.27. The firm has a 50-day moving average of $232.45 and a 200-day moving average of $234.15.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 58.63% and a net margin of 21.08%. The company’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.62 EPS. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. As a group, equities research analysts expect that Autodesk, Inc. will post 9.70 EPS for the current fiscal year.

About Autodesk

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.