Campbell & CO Investment Adviser LLC acquired a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK – Free Report) in the third quarter, HoldingsChannel.com reports. The firm acquired 7,521 shares of the software company’s stock, valued at approximately $2,389,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ADSK. Proffitt & Goodson Inc. purchased a new position in shares of Autodesk in the third quarter worth approximately $27,000. Access Investment Management LLC purchased a new position in Autodesk during the second quarter worth $28,000. Heartwood Wealth Advisors LLC bought a new position in shares of Autodesk during the third quarter valued at approximately $28,000. Tripletail Wealth Management LLC bought a new position in Autodesk in the 3rd quarter worth about $29,000. Finally, Hilltop National Bank purchased a new stake in Autodesk in the second quarter worth about $31,000. Institutional investors own 90.24% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have issued reports on the company. BTIG Research began coverage on Autodesk in a research note on Tuesday, December 16th. They issued a “buy” rating and a $365.00 target price on the stock. UBS Group restated a “buy” rating and set a $400.00 target price on shares of Autodesk in a research note on Wednesday, November 26th. Wall Street Zen cut Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 28th. Rothschild Redb raised Autodesk to a “strong-buy” rating in a report on Friday, January 9th. Finally, Piper Sandler restated an “overweight” rating on shares of Autodesk in a report on Tuesday. Three 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.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $369.97.
Autodesk Price Performance
Shares of NASDAQ ADSK opened at $265.69 on Friday. Autodesk, Inc. has a 52 week low of $232.67 and a 52 week high of $329.09. The business’s 50 day moving average price is $293.98 and its 200 day moving average price is $301.69. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.86. The firm has a market cap of $56.33 billion, a P/E ratio of 51.49, a P/E/G ratio of 2.13 and a beta of 1.46.
Autodesk (NASDAQ:ADSK – Get Free Report) last posted its quarterly earnings results on Tuesday, November 25th. The software company reported $2.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.50 by $0.17. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.81 billion. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. Autodesk’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period last year, the firm posted $2.17 EPS. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS and its Q4 2026 guidance at 2.590-2.67 EPS. On average, sell-side analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current year.
About Autodesk
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.
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