OFI Invest Asset Management Acquires 14,806 Shares of Autodesk, Inc. $ADSK

OFI Invest Asset Management grew its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 3,757.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,200 shares of the software company’s stock after buying an additional 14,806 shares during the period. OFI Invest Asset Management’s holdings in Autodesk were worth $4,829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Heartwood Wealth Advisors LLC purchased a new stake in Autodesk in the 3rd quarter worth $28,000. Access Investment Management LLC bought a new stake in shares of Autodesk in the second quarter worth about $28,000. Livelsberger Financial Advisory purchased a new stake in shares of Autodesk in the second quarter worth about $31,000. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Autodesk by 67.8% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 99 shares of the software company’s stock worth $31,000 after buying an additional 40 shares in the last quarter. Finally, Hilltop National Bank bought a new position in Autodesk during the second quarter valued at approximately $31,000. Institutional investors own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Arete Research lifted their price objective on Autodesk from $430.00 to $460.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Mizuho raised their target price on shares of Autodesk from $350.00 to $375.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Royal Bank Of Canada restated an “outperform” rating and issued a $380.00 price target on shares of Autodesk in a research report on Monday, October 6th. Barclays increased their price objective on shares of Autodesk from $385.00 to $390.00 and gave the company an “overweight” rating in a research report on Wednesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Autodesk from a “hold” rating to a “buy” rating and boosted their target price for the stock from $345.00 to $375.00 in a report on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $369.59.

Insider Buying and Selling

In other Autodesk news, Director Ayanna Howard sold 917 shares of the stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $325.00, for a total transaction of $298,025.00. Following the completion of the sale, the director directly owned 3,476 shares of the company’s stock, valued at approximately $1,129,700. This represents a 20.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.15% of the company’s stock.

Autodesk Stock Up 0.1%

Shares of ADSK opened at $300.47 on Tuesday. The firm has a fifty day moving average price of $300.90 and a 200-day moving average price of $303.49. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $63.70 billion, a P/E ratio of 58.23, a P/E/G ratio of 2.44 and a beta of 1.47. Autodesk, Inc. has a 12-month low of $232.67 and a 12-month high of $329.09.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Tuesday, November 25th. The software company reported $2.67 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.17. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the firm posted $2.17 earnings per share. The company’s revenue was up 18.0% on a year-over-year basis. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS and its Q4 2026 guidance at 2.590-2.67 EPS. Equities research analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current 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.