Renaissance Group LLC Buys New Stake in Autodesk, Inc. $ADSK

Renaissance Group LLC purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the third quarter, HoldingsChannel reports. The institutional investor purchased 106,366 shares of the software company’s stock, valued at approximately $33,789,000.

Other large investors also recently bought and sold shares of the company. Bridgewater Advisors Inc. boosted its position in shares of Autodesk by 2.2% in the 2nd quarter. Bridgewater Advisors Inc. now owns 1,567 shares of the software company’s stock valued at $474,000 after purchasing an additional 34 shares during the period. Clarity Wealth Advisors LLC lifted its stake in Autodesk by 2.3% in the second quarter. Clarity Wealth Advisors LLC now owns 1,535 shares of the software company’s stock valued at $475,000 after buying an additional 35 shares during the last quarter. Patron Partners LLC lifted its stake in Autodesk by 0.8% in the third quarter. Patron Partners LLC now owns 4,295 shares of the software company’s stock valued at $1,364,000 after buying an additional 35 shares during the last quarter. Fulton Bank N.A. boosted its holdings in shares of Autodesk by 4.6% in the third quarter. Fulton Bank N.A. now owns 812 shares of the software company’s stock valued at $258,000 after acquiring an additional 36 shares during the period. Finally, Wedbush Securities Inc. grew its position in shares of Autodesk by 2.6% during the second quarter. Wedbush Securities Inc. now owns 1,484 shares of the software company’s stock worth $459,000 after acquiring an additional 37 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of ADSK opened at $240.40 on Friday. 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’s 50 day moving average is $282.18 and its two-hundred day moving average is $297.09. Autodesk, Inc. has a twelve month low of $232.67 and a twelve month high of $329.09. The firm has a market capitalization of $50.96 billion, a PE ratio of 46.59, a P/E/G ratio of 1.66 and a beta of 1.45.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Tuesday, November 25th. The software company reported $2.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.50 by $0.17. Autodesk had a return on equity of 52.06% and a net margin of 16.09%.The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the prior year, the business posted $2.17 EPS. The company’s revenue for the quarter 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. Research analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. The Goldman Sachs Group upped their price target on shares of Autodesk from $320.00 to $330.00 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. Macquarie Infrastructure upped their target price on shares of Autodesk from $380.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, November 26th. UBS Group reissued a “buy” rating and set a $400.00 price target on shares of Autodesk in a report on Wednesday, November 26th. Robert W. Baird boosted their price target on Autodesk from $367.00 to $377.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Finally, BMO Capital Markets increased their price objective on Autodesk from $333.00 to $343.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and an average price target of $369.04.

Autodesk Company 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.