North Dakota State Investment Board Purchases Shares of 7,306 Autodesk, Inc. $ADSK

North Dakota State Investment Board purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 7,306 shares of the software company’s stock, valued at approximately $2,163,000.

Other institutional investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Autodesk by 12.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,180 shares of the software company’s stock valued at $48,661,000 after buying an additional 17,358 shares during the last quarter. OFI Invest Asset Management grew its position in shares of Autodesk by 246.4% in the 4th quarter. OFI Invest Asset Management now owns 52,649 shares of the software company’s stock valued at $15,585,000 after buying an additional 37,449 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Autodesk by 18.7% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 130,669 shares of the software company’s stock valued at $41,510,000 after buying an additional 20,543 shares during the last quarter. Pacific Heights Asset Management LLC grew its position in shares of Autodesk by 26.9% in the 3rd quarter. Pacific Heights Asset Management LLC now owns 85,000 shares of the software company’s stock valued at $27,002,000 after buying an additional 18,000 shares during the last quarter. Finally, Freemont Management S.A. bought a new stake in shares of Autodesk in the 3rd quarter valued at about $4,765,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Up 2.9%

Shares of Autodesk stock opened at $243.49 on Tuesday. Autodesk, Inc. has a one year low of $214.10 and a one year high of $329.09. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.85. The stock’s 50-day moving average is $240.96 and its 200 day moving average is $263.93. The firm has a market cap of $51.41 billion, a price-to-earnings ratio of 46.47, a PEG ratio of 1.53 and a beta of 1.32.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, February 26th. The software company reported $2.85 EPS for the quarter, beating the consensus estimate of $2.64 by $0.21. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the prior year, the company earned $2.29 EPS. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. Equities research analysts anticipate that Autodesk, Inc. will post 9.35 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. BTIG Research reduced their price target on Autodesk from $365.00 to $300.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Zacks Research lowered Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. Morgan Stanley restated an “overweight” rating on shares of Autodesk in a research report on Wednesday, March 18th. BMO Capital Markets cut their target price on Autodesk from $343.00 to $279.00 and set a “market perform” rating on the stock in a research report on Monday, March 2nd. Finally, Arete Research cut their target price on Autodesk from $460.00 to $456.00 and set a “buy” rating on the stock in a research report on Thursday, March 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and a consensus price target of $333.07.

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.