Korea Investment CORP Buys 6,822 Shares of Autodesk, Inc. $ADSK

Korea Investment CORP increased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 3.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 211,153 shares of the software company’s stock after acquiring an additional 6,822 shares during the quarter. Korea Investment CORP’s holdings in Autodesk were worth $67,077,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Proffitt & Goodson Inc. purchased a new position in shares of Autodesk in the third quarter worth $27,000. Heartwood Wealth Advisors LLC purchased a new stake in Autodesk during the 3rd quarter valued at $28,000. Tripletail Wealth Management LLC purchased a new stake in Autodesk during the 3rd quarter valued at $29,000. Financial Consulate Inc. bought a new stake in Autodesk in the 3rd quarter worth $32,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in Autodesk in the 2nd quarter worth $34,000. Institutional investors own 90.24% of the company’s stock.

Analysts Set New Price Targets

ADSK has been the subject of several recent analyst reports. Stifel Nicolaus lowered their price objective on shares of Autodesk from $375.00 to $285.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. Rosenblatt Securities cut their target price on Autodesk from $375.00 to $330.00 and set a “buy” rating on the stock in a research note on Tuesday, February 24th. Arete Research boosted their price target on Autodesk from $430.00 to $460.00 and gave the company a “buy” rating in a report on Thursday, December 11th. BTIG Research lowered their price target on Autodesk from $365.00 to $300.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Finally, Rothschild & Co Redburn set a $375.00 price objective on Autodesk in a report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $341.96.

Autodesk Stock Performance

Shares of Autodesk stock opened at $260.99 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $55.07 billion, a P/E ratio of 49.81, a P/E/G ratio of 1.73 and a beta of 1.45. The business has a fifty day simple moving average of $256.81 and a two-hundred day simple moving average of $288.85. Autodesk, Inc. has a 12 month low of $215.01 and a 12 month high of $329.09.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share for the quarter, topping analysts’ consensus estimates of $2.64 by $0.21. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.91 billion. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The company’s 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 EPS. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. On average, equities analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal 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.