Autodesk, Inc. $ADSK Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 3.9% during the 4th quarter, HoldingsChannel reports. The fund owned 371,695 shares of the software company’s stock after acquiring an additional 13,882 shares during the quarter. Teacher Retirement System of Texas’ holdings in Autodesk were worth $110,025,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Measured Wealth Private Client Group LLC acquired a new position in shares of Autodesk during the 3rd quarter valued at about $25,000. Proffitt & Goodson Inc. acquired a new position in shares of Autodesk during the 3rd quarter valued at about $27,000. Tripletail Wealth Management LLC acquired a new position in shares of Autodesk during the 3rd quarter valued at about $29,000. Financial Consulate Inc. acquired a new position in shares of Autodesk during the 3rd quarter valued at about $32,000. Finally, Salomon & Ludwin LLC boosted its position in shares of Autodesk by 1,275.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 110 shares of the software company’s stock valued at $35,000 after acquiring an additional 102 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ADSK shares. Wells Fargo & Company lowered their price target on shares of Autodesk from $365.00 to $350.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. Weiss Ratings reissued a “hold (c+)” rating on shares of Autodesk in a research report on Wednesday, January 21st. Barclays boosted their price target on shares of Autodesk from $300.00 to $315.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. JPMorgan Chase & Co. boosted their price target on shares of Autodesk from $319.00 to $336.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Finally, Wolfe Research boosted their price objective on shares of Autodesk from $330.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $335.93.

Autodesk Stock Up 0.9%

Shares of ADSK opened at $247.57 on Thursday. The firm has a market cap of $52.24 billion, a P/E ratio of 47.25, a price-to-earnings-growth ratio of 1.63 and a beta of 1.43. Autodesk, Inc. has a 12-month low of $214.10 and a 12-month high of $329.09. The company’s 50-day moving average price is $239.90 and its 200 day moving average price is $272.18. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.82.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, February 26th. The software company reported $2.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $0.21. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.91 billion. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. Autodesk’s revenue was up 19.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.29 EPS. 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 forecast that Autodesk, Inc. will post 9.35 earnings per share for the current year.

About Autodesk

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.