Fieldview Capital Management LLC Purchases Shares of 4,074 Autodesk, Inc. $ADSK

Fieldview Capital Management LLC acquired a new position in Autodesk, Inc. (NASDAQ:ADSK) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,074 shares of the software company’s stock, valued at approximately $1,294,000.

Several other large investors also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in Autodesk during the second quarter valued at approximately $777,202,000. Rakuten Investment Management Inc. purchased a new stake in shares of Autodesk in the 3rd quarter worth $268,649,000. Geode Capital Management LLC raised its holdings in Autodesk by 15.1% in the 2nd quarter. Geode Capital Management LLC now owns 5,606,264 shares of the software company’s stock worth $1,730,415,000 after purchasing an additional 734,449 shares during the period. First Trust Advisors LP lifted its position in Autodesk by 197.1% during the third quarter. First Trust Advisors LP now owns 910,768 shares of the software company’s stock valued at $289,324,000 after purchasing an additional 604,235 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in Autodesk by 18.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,544,520 shares of the software company’s stock valued at $1,125,988,000 after purchasing an additional 564,136 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the company. DA Davidson reduced their price target on Autodesk from $375.00 to $325.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Rosenblatt Securities cut their price objective on shares of Autodesk from $375.00 to $330.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. Deutsche Bank Aktiengesellschaft reduced their target price on Autodesk from $375.00 to $330.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. Arete Research increased their price objective on shares of Autodesk from $430.00 to $460.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Finally, Wolfe Research lifted their target price on Autodesk from $330.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $341.96.

Autodesk Stock Performance

Shares of ADSK stock opened at $260.75 on Tuesday. The firm has a market cap of $55.02 billion, a price-to-earnings ratio of 49.76, a PEG ratio of 1.73 and a beta of 1.45. Autodesk, Inc. has a 52-week low of $215.01 and a 52-week high of $329.09. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.82. The company’s 50 day moving average is $256.00 and its 200 day moving average is $288.67.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share for the quarter, topping analysts’ consensus estimates of $2.64 by $0.21. The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.91 billion. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.Autodesk’s revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.29 earnings per share. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. On average, sell-side analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

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.