8,978 Shares of Autodesk, Inc. $ADSK Purchased by Vise Technologies Inc.

Vise Technologies Inc. bought a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 8,978 shares of the software company’s stock, valued at approximately $1,876,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Grandfield & Dodd LLC lifted its position in shares of Autodesk by 3.5% during the 3rd quarter. Grandfield & Dodd LLC now owns 152,450 shares of the software company’s stock worth $31,862,000 after buying an additional 5,138 shares during the last quarter. Avestar Capital LLC acquired a new stake in Autodesk in the third quarter valued at about $340,000. Canopy Partners LLC grew its position in Autodesk by 11.1% in the third quarter. Canopy Partners LLC now owns 2,870 shares of the software company’s stock valued at $600,000 after acquiring an additional 286 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in Autodesk by 82.6% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 107,685 shares of the software company’s stock valued at $22,506,000 after acquiring an additional 48,700 shares during the last quarter. Finally, Soltis Investment Advisors LLC acquired a new position in Autodesk during the third quarter worth about $2,342,000. 90.24% of the stock is owned by institutional investors.

Autodesk Trading Down 0.3%

Shares of Autodesk stock opened at $269.16 on Friday. Autodesk, Inc. has a 52-week low of $185.50 and a 52-week high of $320.00. The stock’s 50-day simple moving average is $233.16 and its 200 day simple moving average is $234.09. The stock has a market capitalization of $56.25 billion, a P/E ratio of 31.33, a P/E/G ratio of 1.79 and a beta of 1.27. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.86 and a current ratio of 0.86.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.12 by $0.18. The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Autodesk had a return on equity of 58.63% and a net margin of 21.08%. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.62 EPS. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. As a group, research analysts anticipate that Autodesk, Inc. will post 9.70 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group upgraded shares of Autodesk from a “hold” rating to an “outperform” rating and set a $265.00 target price on the stock in a research report on Thursday, September 17th. Wall Street Zen cut shares of Autodesk from a “buy” rating to a “hold” rating in a report on Monday. KeyCorp reaffirmed an “overweight” rating on shares of Autodesk in a research note on Wednesday, August 19th. BMO Capital Markets upped their price objective on shares of Autodesk from $262.00 to $283.00 and gave the company a “market perform” rating in a report on Friday, August 28th. Finally, BNP Paribas Exane upped their price objective on shares of Autodesk from $295.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $316.84.

Autodesk Profile

Autodesk, Inc develops software and cloud-based services for the architecture, engineering, construction, manufacturing, media and entertainment industries. Its products help customers design, visualize, simulate and manage projects, products and digital content throughout their lifecycles.

The company’s portfolio includes AutoCAD for computer-aided design; Revit for building information modeling; Civil 3D for civil engineering and infrastructure design; Inventor and Fusion for product design and manufacturing; and Maya and 3ds Max for animation, modeling and visual effects.