2,564 Shares of Autodesk, Inc. $ADSK Bought by Invariant Investment Management

Invariant Investment Management acquired a new position in Autodesk, Inc. (NASDAQ:ADSK) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 2,564 shares of the software company’s stock, valued at approximately $544,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Farther Finance Advisors LLC grew its holdings in shares of Autodesk by 6.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 9,293 shares of the software company’s stock worth $1,942,000 after acquiring an additional 581 shares during the last quarter. CoreCap Advisors LLC boosted its position in shares of Autodesk by 6.4% in the 3rd quarter. CoreCap Advisors LLC now owns 2,667 shares of the software company’s stock valued at $557,000 after purchasing an additional 160 shares during the period. Everhart Financial Group Inc. boosted its position in shares of Autodesk by 26.8% in the 3rd quarter. Everhart Financial Group Inc. now owns 1,981 shares of the software company’s stock valued at $414,000 after purchasing an additional 419 shares during the period. Valeo Financial Advisors LLC purchased a new position in Autodesk in the 3rd quarter worth about $201,000. Finally, Venture Visionary Partners LLC purchased a new position in Autodesk in the 3rd quarter worth about $208,000. 90.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ADSK shares. KeyCorp reiterated an “overweight” rating on shares of Autodesk in a report on Wednesday, August 19th. Argus reissued a “buy” rating and set a $355.00 price target on shares of Autodesk in a research report on Wednesday, September 2nd. Cantor Fitzgerald initiated coverage on shares of Autodesk in a research note on Monday, September 14th. They set a “neutral” rating and a $215.00 target price for the company. Rosenblatt Securities reaffirmed a “buy” rating and set a $330.00 price objective on shares of Autodesk in a research report on Monday, August 31st. Finally, BMO Capital Markets increased their price target on Autodesk from $262.00 to $283.00 and gave the company a “market perform” rating in a report on Friday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $316.84.

Autodesk Stock Performance

Shares of ADSK traded down $1.45 during trading hours on Thursday, reaching $233.60. 2,269,949 shares of the company traded hands, compared to its average volume of 2,313,510. The stock’s fifty day moving average is $233.13 and its 200 day moving average is $228.00. The stock has a market cap of $48.82 billion, a P/E ratio of 30.22, a price-to-earnings-growth ratio of 1.53 and a beta of 1.33. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.86 and a current ratio of 0.86. Autodesk, Inc. has a 1-year low of $185.50 and a 1-year high of $320.00.

Autodesk (NASDAQ:ADSK) last released 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 for the quarter, compared to the consensus estimate of $2.01 billion. Autodesk had a return on equity of 58.63% and a net margin of 21.08%.The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period last year, the business earned $2.62 earnings per share. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. Equities research analysts anticipate that Autodesk, Inc. will post 9.71 earnings per share for the current fiscal year.

Autodesk Company Profile

Autodesk, Inc develops software and cloud-based services for people and organizations involved in architecture, engineering, construction, manufacturing, media and entertainment, and other design-related industries. Its tools help customers create, visualize, simulate and manage digital models and workflows throughout the product and building lifecycle.

The company’s products include 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, 3ds Max and Arnold for media and entertainment production.