Dnca Finance Acquires 9,000 Shares of Autodesk, Inc. $ADSK

Dnca Finance boosted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 38.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 32,500 shares of the software company’s stock after purchasing an additional 9,000 shares during the quarter. Dnca Finance’s holdings in Autodesk were worth $10,324,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. increased its position in 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 acquiring an additional 17,358 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its holdings 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 purchasing an additional 20,543 shares during the period. Pacific Heights Asset Management LLC boosted its holdings in Autodesk by 26.9% in 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 purchasing an additional 18,000 shares during the period. Freemont Management S.A. acquired a new stake in Autodesk in the 3rd quarter worth $4,765,000. Finally, Renaissance Group LLC bought a new position in shares of Autodesk during the 3rd quarter worth about $33,789,000. 90.24% of the stock is owned by institutional investors.

Autodesk Trading Up 0.5%

Shares of ADSK opened at $251.17 on Friday. 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 stock has a market cap of $53.00 billion, a PE ratio of 47.93, a PEG ratio of 1.65 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 stock has a 50 day simple moving average of $252.57 and a 200-day simple moving average of $287.66.

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

Analyst Ratings Changes

ADSK has been the subject of a number of research analyst reports. Argus raised shares of Autodesk to a “strong-buy” rating in a research report on Friday, March 6th. Rothschild & Co Redburn set a $375.00 price target on Autodesk in a research note on Friday, January 9th. JPMorgan Chase & Co. upped their price target on Autodesk from $319.00 to $336.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Robert W. Baird raised their price objective on Autodesk from $367.00 to $377.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. Finally, HSBC decreased their price objective on Autodesk from $388.00 to $379.00 and set a “buy” rating on the stock in a report on Friday, November 28th. Two equities research 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.