Autodesk, Inc. $ADSK Stock Purchased by China Universal Asset Management Co. Ltd.

China Universal Asset Management Co. Ltd. boosted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 28.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 13,343 shares of the software company’s stock after acquiring an additional 2,990 shares during the period. China Universal Asset Management Co. Ltd.’s holdings in Autodesk were worth $2,711,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Ascentis Independent Advisors acquired a new position in shares of Autodesk during the 1st quarter worth about $28,000. Johnson Financial Group Inc. acquired a new stake in shares of Autodesk in the 2nd quarter valued at about $30,000. Avalon Trust Co lifted its holdings in shares of Autodesk by 97.8% in the first quarter. Avalon Trust Co now owns 180 shares of the software company’s stock valued at $43,000 after purchasing an additional 89 shares in the last quarter. Wellington Grp LLC boosted its position in shares of Autodesk by 873.7% during the first quarter. Wellington Grp LLC now owns 185 shares of the software company’s stock worth $44,000 after buying an additional 166 shares during the period. Finally, Community Financial Services Group LLC bought a new position in shares of Autodesk during the second quarter worth about $37,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Down 0.3%

NASDAQ:ADSK opened at $241.73 on Friday. The firm has a market capitalization of $50.52 billion, a price-to-earnings ratio of 31.27, a price-to-earnings-growth ratio of 1.61 and a beta of 1.33. Autodesk, Inc. has a twelve month low of $185.50 and a twelve month high of $320.00. The stock’s 50 day moving average price is $232.48 and its two-hundred day moving average price is $234.29. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.59.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.12 by $0.18. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Autodesk had a return on equity of 58.63% and a net margin of 21.08%. The business’s revenue was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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. Equities research analysts expect that Autodesk, Inc. will post 9.70 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ADSK has been the subject of a number of recent research reports. Piper Sandler started coverage on Autodesk in a research report on Monday, September 28th. They set an “overweight” rating and a $300.00 price target for the company. KeyCorp reiterated an “overweight” rating on shares of Autodesk in a report on Wednesday, August 19th. DA Davidson set a $325.00 price objective on shares of Autodesk in a research report on Friday, August 28th. Argus restated a “buy” rating and set a $355.00 target price on shares of Autodesk in a report on Wednesday, September 2nd. Finally, The Goldman Sachs Group raised shares of Autodesk from a “hold” rating to an “outperform” rating and set a $265.00 target price for the company in a research report on Thursday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $316.84.

About Autodesk

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.