Oregon Public Employees Retirement Fund lifted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 32.6% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,452 shares of the software company’s stock after buying an additional 6,011 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Autodesk were worth $7,768,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank bought a new position in Autodesk in the second quarter valued at about $777,202,000. Geode Capital Management LLC boosted its stake in shares of Autodesk by 15.1% in the 2nd quarter. Geode Capital Management LLC now owns 5,606,264 shares of the software company’s stock valued at $1,730,415,000 after purchasing an additional 734,449 shares in the last quarter. Vontobel Holding Ltd. grew its holdings in shares of Autodesk by 254.2% during the 3rd quarter. Vontobel Holding Ltd. now owns 676,701 shares of the software company’s stock valued at $214,968,000 after purchasing an additional 485,661 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in Autodesk by 210.9% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 639,645 shares of the software company’s stock worth $198,031,000 after purchasing an additional 433,908 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in Autodesk by 68.9% in the 2nd quarter. AQR Capital Management LLC now owns 967,469 shares of the software company’s stock valued at $297,458,000 after purchasing an additional 394,768 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of analysts have weighed in on the stock. Rothschild & Co Redburn assumed coverage on shares of Autodesk in a research note on Friday. They set a “buy” rating and a $375.00 target price on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Autodesk in a report on Wednesday, October 8th. The Goldman Sachs Group upped their target price on Autodesk from $320.00 to $330.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Arete Research lifted their price target on Autodesk from $430.00 to $460.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Finally, Barclays boosted their price target on Autodesk from $385.00 to $390.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and a consensus target price of $369.97.
Autodesk Trading Down 0.2%
Shares of ADSK stock opened at $276.02 on Friday. Autodesk, Inc. has a 1-year low of $232.67 and a 1-year high of $329.09. 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 stock has a market cap of $58.52 billion, a price-to-earnings ratio of 53.49, a PEG ratio of 2.25 and a beta of 1.46. The stock has a 50-day moving average of $297.17 and a 200-day moving average of $303.00.
Autodesk (NASDAQ:ADSK – Get Free Report) last announced its earnings results on Tuesday, November 25th. The software company reported $2.67 EPS for the quarter, beating the consensus estimate of $2.50 by $0.17. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Autodesk had a return on equity of 52.06% and a net margin of 16.09%.The firm’s revenue was up 18.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.17 earnings per share. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS and its Q4 2026 guidance at 2.590-2.67 EPS. On average, equities research analysts forecast 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.
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