Dynamic Technology Lab Private Ltd Takes Position in Autodesk, Inc. $ADSK

Dynamic Technology Lab Private Ltd purchased a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,225 shares of the software company’s stock, valued at approximately $1,977,000.

A number of other large investors have also modified their holdings of ADSK. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Autodesk by 12.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,180 shares of the software company’s stock worth $48,661,000 after buying an additional 17,358 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its position in Autodesk by 18.7% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 130,669 shares of the software company’s stock valued at $41,510,000 after acquiring an additional 20,543 shares during the period. Pacific Heights Asset Management LLC raised its stake in Autodesk by 26.9% during the 3rd quarter. Pacific Heights Asset Management LLC now owns 85,000 shares of the software company’s stock valued at $27,002,000 after acquiring an additional 18,000 shares in the last quarter. Freemont Management S.A. acquired a new position in Autodesk during the 3rd quarter worth $4,765,000. Finally, Renaissance Group LLC acquired a new position in Autodesk during the 3rd quarter worth $33,789,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Price Performance

NASDAQ:ADSK opened at $260.99 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 0.82. The business’s 50-day moving average price is $256.81 and its 200 day moving average price is $288.85. Autodesk, Inc. has a 52-week low of $215.01 and a 52-week high of $329.09. The firm has a market cap of $55.07 billion, a P/E ratio of 49.81, a PEG ratio of 1.73 and a beta of 1.45.

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

Analyst Ratings Changes

A number of research analysts have recently commented on the company. UBS Group lowered their price target on Autodesk from $400.00 to $290.00 and set a “buy” rating on the stock in a report on Monday, February 23rd. Piper Sandler reaffirmed an “overweight” rating and issued a $383.00 price objective (up from $373.00) on shares of Autodesk in a report on Monday, March 2nd. HSBC lowered their target price on shares of Autodesk from $388.00 to $379.00 and set a “buy” rating on the stock in a research note on Friday, November 28th. Citigroup boosted their price target on shares of Autodesk from $315.00 to $331.00 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. Finally, Royal Bank Of Canada reduced their price target on shares of Autodesk from $340.00 to $335.00 and set an “outperform” rating for the company in a research note on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $341.96.

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.