Autodesk, Inc. $ADSK Shares Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in Autodesk, Inc. (NASDAQ:ADSK) by 82.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 107,685 shares of the software company’s stock after buying an additional 48,700 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Autodesk were worth $22,506,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Autodesk during the 2nd quarter valued at about $4,828,855,000. State Street Corp increased its stake in Autodesk by 2.9% during the 2nd quarter. State Street Corp now owns 10,268,172 shares of the software company’s stock valued at $1,996,338,000 after purchasing an additional 284,621 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Autodesk by 5.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,144,627 shares of the software company’s stock worth $752,824,000 after buying an additional 155,255 shares during the last quarter. Bank of America Corp DE purchased a new position in Autodesk in the second quarter worth about $576,727,000. Finally, Pictet Asset Management Holding SA raised its holdings in Autodesk by 30.6% in the second quarter. Pictet Asset Management Holding SA now owns 2,746,643 shares of the software company’s stock worth $534,014,000 after buying an additional 643,267 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Autodesk Trading Up 3.3%

Autodesk stock opened at $249.61 on Friday. Autodesk, Inc. has a one year low of $185.50 and a one year high of $320.00. The business’s fifty day moving average is $232.45 and its 200 day moving average is $234.15. The stock has a market capitalization of $52.17 billion, a PE ratio of 32.29, a price-to-earnings-growth ratio of 1.65 and a beta of 1.33. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.86 and a quick ratio of 0.86.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.12 by $0.18. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.01 billion. Autodesk had a return on equity of 58.63% and a net margin of 21.08%. Autodesk’s revenue was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.62 EPS. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. On average, sell-side analysts predict that Autodesk, Inc. will post 9.70 EPS for the current year.

Analysts Set New Price Targets

ADSK has been the topic of several analyst reports. Cantor Fitzgerald began coverage on shares of Autodesk in a research note on Monday, September 14th. They issued a “neutral” rating and a $215.00 target price on the stock. DA Davidson set a $325.00 price target on shares of Autodesk in a research report on Friday, August 28th. Wall Street Zen upgraded shares of Autodesk from a “hold” rating to a “buy” rating in a report on Sunday, October 25th. Rosenblatt Securities restated a “buy” rating and issued a $330.00 price objective on shares of Autodesk in a report on Monday, August 31st. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $305.00 price objective on shares of Autodesk in a research report on Thursday, September 17th. One analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and an average price target of $316.84.

Autodesk Company Profile

Autodesk, Inc develops software and cloud-based services for the architecture, engineering, construction, manufacturing, media and entertainment industries. Its products help customers design, visualize, simulate and manage projects, products and digital content throughout their lifecycles.

The company’s portfolio includes AutoCAD for computer-aided design; Revit for building information modeling; Civil 3D for civil engineering and infrastructure design; Inventor and Fusion for product design and manufacturing; and Maya and 3ds Max for animation, modeling and visual effects.