Autodesk, Inc. $ADSK Stock: Robeco Schweiz AG Boosts Position

Robeco Schweiz AG boosted its stake in Autodesk, Inc. (NASDAQ:ADSK) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 524,042 shares of the software company’s stock after acquiring an additional 11,162 shares during the period. Autodesk accounts for about 2.0% of Robeco Schweiz AG’s holdings, making the stock its 14th biggest position. Robeco Schweiz AG owned about 0.25% of Autodesk worth $109,525,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Autodesk during the 2nd quarter worth approximately $4,828,855,000. State Street Corp lifted its stake in Autodesk by 2.9% in the second 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 during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake 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 valued at $752,824,000 after purchasing an additional 155,255 shares during the last quarter. Bank of America Corp DE bought a new position in Autodesk during the second quarter valued at $576,727,000. Finally, Pictet Asset Management Holding SA grew its holdings in Autodesk by 30.6% during the second quarter. Pictet Asset Management Holding SA now owns 2,746,643 shares of the software company’s stock valued at $534,014,000 after purchasing an additional 643,267 shares during the period. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ADSK. Cantor Fitzgerald started coverage on Autodesk in a research report on Monday, September 14th. They issued a “neutral” rating and a $215.00 target price for the company. Weiss Ratings raised Autodesk from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, October 6th. UBS Group reissued a “buy” rating on shares of Autodesk in a report on Thursday, September 24th. Guggenheim restated a “buy” rating and issued a $283.00 price objective on shares of Autodesk in a research note on Monday, September 21st. Finally, BNP Paribas Exane upped their price objective on shares of Autodesk from $295.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, August 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $316.84.

Autodesk Price Performance

Autodesk stock opened at $252.20 on Friday. The firm has a market capitalization of $52.71 billion, a P/E ratio of 32.63, a PEG ratio of 1.67 and a beta of 1.33. Autodesk, Inc. has a one year low of $185.50 and a one year high of $320.00. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.86 and a quick ratio of 0.86. The business has a fifty day moving average price of $232.12 and a 200-day moving average price of $228.31.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.12 by $0.18. Autodesk had a return on equity of 58.63% and a net margin of 21.08%. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the company posted $2.62 EPS. The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. As a group, equities research analysts forecast that Autodesk, Inc. will post 9.70 EPS for the current year.

Autodesk 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.