Summit Global Investments Invests $1.17 Million in Autodesk, Inc. $ADSK

Summit Global Investments purchased a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,674 shares of the software company’s stock, valued at approximately $1,167,000.

A number of other institutional investors also recently added to or reduced their stakes in ADSK. Proffitt & Goodson Inc. acquired a new stake in shares of Autodesk in the 3rd quarter valued at approximately $27,000. Access Investment Management LLC purchased a new position in Autodesk in the second quarter worth $28,000. Heartwood Wealth Advisors LLC acquired a new stake in Autodesk in the third quarter valued at $28,000. Tripletail Wealth Management LLC purchased a new stake in shares of Autodesk during the 3rd quarter worth $29,000. Finally, Hilltop National Bank purchased a new stake in shares of Autodesk during the 2nd quarter worth $31,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Trading Down 1.1%

Autodesk stock opened at $252.87 on Friday. The stock has a 50-day moving average price of $287.62 and a 200 day moving average price of $298.79. Autodesk, Inc. has a 52 week low of $232.67 and a 52 week high of $329.09. The stock has a market cap of $53.61 billion, a PE ratio of 49.01, a P/E/G ratio of 2.08 and a beta of 1.46. 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 (NASDAQ:ADSK) last issued its quarterly earnings results on Tuesday, November 25th. The software company reported $2.67 EPS for the quarter, topping analysts’ consensus estimates of $2.50 by $0.17. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.81 billion. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. The company’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $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. Equities research analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ADSK. Bank of America raised their price objective on shares of Autodesk from $360.00 to $365.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. BMO Capital Markets lifted their price target on shares of Autodesk from $333.00 to $343.00 and gave the company a “market perform” rating in a research report on Wednesday, November 26th. Barclays boosted their price target on Autodesk from $385.00 to $390.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 26th. Piper Sandler reaffirmed an “overweight” rating on shares of Autodesk in a research note on Tuesday, January 13th. Finally, KeyCorp reiterated an “overweight” rating on shares of Autodesk in a research report on Tuesday, December 16th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Autodesk has an average rating of “Moderate Buy” and an average price target of $369.97.

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.