American Century Companies Inc. Buys 15,917 Shares of Autodesk, Inc. $ADSK

American Century Companies Inc. increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 29.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,064 shares of the software company’s stock after buying an additional 15,917 shares during the quarter. American Century Companies Inc.’s holdings in Autodesk were worth $21,940,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Clarity Wealth Advisors LLC increased its position in shares of Autodesk by 2.3% during the second quarter. Clarity Wealth Advisors LLC now owns 1,535 shares of the software company’s stock valued at $475,000 after purchasing an additional 35 shares during the period. Patron Partners LLC lifted its position in Autodesk by 0.8% in the third quarter. Patron Partners LLC now owns 4,295 shares of the software company’s stock worth $1,364,000 after purchasing an additional 35 shares during the period. Fulton Bank N.A. boosted its stake in Autodesk by 4.6% during the third quarter. Fulton Bank N.A. now owns 812 shares of the software company’s stock worth $258,000 after buying an additional 36 shares in the last quarter. Wedbush Securities Inc. boosted its stake in Autodesk by 2.6% during the second quarter. Wedbush Securities Inc. now owns 1,484 shares of the software company’s stock worth $459,000 after buying an additional 37 shares in the last quarter. Finally, Catalyst Financial Partners LLC increased its holdings in Autodesk by 3.8% in the 3rd quarter. Catalyst Financial Partners LLC now owns 1,023 shares of the software company’s stock valued at $325,000 after buying an additional 37 shares during the period. 90.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ADSK shares. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Autodesk from $375.00 to $330.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. HSBC decreased their target price on shares of Autodesk from $388.00 to $379.00 and set a “buy” rating on the stock in a research report on Friday, November 28th. Wells Fargo & Company dropped their price target on shares of Autodesk from $365.00 to $350.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. The Goldman Sachs Group raised their price target on shares of Autodesk from $320.00 to $330.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $383.00 price objective (up from $373.00) on shares of Autodesk in a report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $341.96.

Autodesk Trading Down 0.1%

Shares of ADSK stock opened at $260.75 on Tuesday. The company has a market capitalization of $55.02 billion, a P/E ratio of 49.76, a P/E/G ratio of 1.73 and a beta of 1.45. Autodesk, Inc. has a 12-month low of $215.01 and a 12-month high of $329.09. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.82. The firm has a 50-day moving average price of $256.00 and a 200 day moving average price of $288.67.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, February 26th. The software company reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.64 by $0.21. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.29 earnings per share. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. Research analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

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.