CoreCap Advisors LLC Grows Position in Autodesk, Inc. $ADSK

CoreCap Advisors LLC grew its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2,074.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,283 shares of the software company’s stock after purchasing an additional 2,178 shares during the period. CoreCap Advisors LLC’s holdings in Autodesk were worth $725,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Flaharty Asset Management LLC acquired a new position in Autodesk during the first quarter worth about $27,000. Proffitt & Goodson Inc. acquired a new position in Autodesk during the third quarter worth $27,000. Access Investment Management LLC acquired a new position in shares of Autodesk during the 2nd quarter worth $28,000. Heartwood Wealth Advisors LLC acquired a new position in Autodesk during the third quarter worth about $28,000. Finally, Tripletail Wealth Management LLC purchased a new stake in shares of Autodesk in the third quarter valued at about $29,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on ADSK. Weiss Ratings reissued a “hold (c+)” rating on shares of Autodesk in a research report on Wednesday, October 8th. Robert W. Baird raised their target price on shares of Autodesk from $367.00 to $377.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. Redburn Partners set a $375.00 price objective on Autodesk in a research report on Friday. Macquarie upped their price objective on shares of Autodesk from $380.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, November 26th. Finally, UBS Group reissued a “buy” rating and issued a $400.00 target price on shares of Autodesk in a research report on Wednesday, November 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $369.97.

Autodesk Stock Down 0.2%

Shares of NASDAQ ADSK opened at $276.02 on Friday. The stock has a fifty day moving average price of $297.17 and a 200 day moving average price of $303.00. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.86. Autodesk, Inc. has a 12-month low of $232.67 and a 12-month high of $329.09. The company has a market cap of $58.52 billion, a P/E ratio of 53.49, a P/E/G ratio of 2.25 and a beta of 1.46.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Tuesday, November 25th. The software company reported $2.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.50 by $0.17. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.81 billion. Autodesk had a return on equity of 52.06% and a net margin of 16.09%.The company’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.17 earnings per share. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS and its Q4 2026 guidance at 2.590-2.67 EPS. Research analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Autodesk 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.