Aquatic Capital Management LLC Boosts Stock Position in Autodesk, Inc. $ADSK

Aquatic Capital Management LLC lifted its stake in Autodesk, Inc. (NASDAQ:ADSK) by 48.5% in the third quarter, Holdings Channel.com reports. The fund owned 89,968 shares of the software company’s stock after purchasing an additional 29,392 shares during the period. Aquatic Capital Management LLC’s holdings in Autodesk were worth $28,580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. Proffitt & Goodson Inc. bought a new stake in shares of Autodesk during the 3rd quarter valued at $27,000. Heartwood Wealth Advisors LLC bought a new position in Autodesk in the 3rd quarter worth about $28,000. Tripletail Wealth Management LLC purchased a new position in Autodesk during the 3rd quarter valued at about $29,000. Financial Consulate Inc. purchased a new position in Autodesk during the 3rd quarter valued at about $32,000. Finally, Salomon & Ludwin LLC increased its position in shares of Autodesk by 1,275.0% during the third quarter. Salomon & Ludwin LLC now owns 110 shares of the software company’s stock valued at $35,000 after buying an additional 102 shares during the period. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ADSK. Rosenblatt Securities lowered their price target on shares of Autodesk from $375.00 to $330.00 and set a “buy” rating on the stock in a report on Tuesday, February 24th. The Goldman Sachs Group upped their target price on shares of Autodesk from $320.00 to $330.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Robert W. Baird increased their target price on shares of Autodesk from $367.00 to $377.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. KeyCorp reissued an “overweight” rating on shares of Autodesk in a report on Tuesday, December 16th. Finally, Stifel Nicolaus reduced their price target on shares of Autodesk from $375.00 to $285.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $341.96.

Autodesk Stock Up 0.5%

ADSK stock opened at $251.17 on Friday. The company’s 50 day moving average is $252.57 and its 200 day moving average is $287.69. The stock has a market cap of $53.00 billion, a price-to-earnings ratio of 47.93, a price-to-earnings-growth ratio of 1.66 and a beta of 1.45. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.82. Autodesk, Inc. has a 1-year low of $215.01 and a 1-year high of $329.09.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $0.21. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same period in the previous year, the business posted $2.29 earnings per share. Autodesk’s revenue for the quarter 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. Sell-side analysts predict that Autodesk, Inc. will post 5.76 EPS 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.