Legal & General Group Plc Increases Stock Holdings in Autodesk, Inc. $ADSK

Legal & General Group Plc grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 4.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,019,358 shares of the software company’s stock after purchasing an additional 80,246 shares during the period. Legal & General Group Plc owned about 0.95% of Autodesk worth $641,489,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Banque Cantonale Vaudoise lifted its holdings in Autodesk by 3.0% during the 3rd quarter. Banque Cantonale Vaudoise now owns 10,194 shares of the software company’s stock worth $3,238,000 after buying an additional 296 shares in the last quarter. Vestcor Inc grew its stake in shares of Autodesk by 28.8% in the third quarter. Vestcor Inc now owns 14,127 shares of the software company’s stock worth $4,488,000 after acquiring an additional 3,161 shares in the last quarter. Fieldview Capital Management LLC acquired a new position in shares of Autodesk in the third quarter worth $1,294,000. Russell Investments Group Ltd. increased its position in shares of Autodesk by 5.9% during the third quarter. Russell Investments Group Ltd. now owns 403,387 shares of the software company’s stock worth $128,299,000 after acquiring an additional 22,633 shares during the period. Finally, Schroder Investment Management Group increased its position in shares of Autodesk by 18.0% during the third quarter. Schroder Investment Management Group now owns 197,798 shares of the software company’s stock worth $62,834,000 after acquiring an additional 30,207 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

ADSK has been the subject of a number of recent research reports. Robert W. Baird lifted their target price on Autodesk from $367.00 to $377.00 and gave the company an “outperform” rating in a report on Wednesday, November 26th. Citigroup increased their price target on Autodesk from $315.00 to $331.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. BMO Capital Markets decreased their price objective on Autodesk from $343.00 to $279.00 and set a “market perform” rating for the company in a research note on Monday, March 2nd. Royal Bank Of Canada lowered their price objective on Autodesk from $340.00 to $335.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Finally, Wells Fargo & Company cut their target price on shares of Autodesk from $365.00 to $350.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $341.96.

Autodesk Trading Down 2.6%

NASDAQ:ADSK opened at $253.85 on Wednesday. The stock has a 50-day simple moving average of $255.09 and a 200-day simple moving average of $288.41. The stock has a market cap of $53.56 billion, a P/E ratio of 48.44, a P/E/G ratio of 1.73 and a beta of 1.45. Autodesk, Inc. has a 1 year low of $215.01 and a 1 year high of $329.09. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.85 and a current ratio of 0.85.

Autodesk (NASDAQ:ADSK) last issued its earnings results 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 business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.91 billion. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.The business’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter last year, the company 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. As a group, analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

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.