Autodesk, Inc. $ADSK Stock: Pictet Asset Management Holding SA Grows Holdings

Pictet Asset Management Holding SA lifted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 12.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,080,128 shares of the software company’s stock after purchasing an additional 333,485 shares during the quarter. Pictet Asset Management Holding SA owned 1.47% of Autodesk worth $643,514,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Leelyn Smith LLC raised its position in shares of Autodesk by 6.3% in the 3rd quarter. Leelyn Smith LLC now owns 20,119 shares of the software company’s stock valued at $4,205,000 after buying an additional 1,199 shares in the last quarter. Alps Advisors Inc. lifted its stake in shares of Autodesk by 7.9% in the 3rd quarter. Alps Advisors Inc. now owns 6,493 shares of the software company’s stock valued at $1,357,000 after acquiring an additional 475 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Autodesk during the third quarter valued at about $475,000. Calamos Advisors LLC boosted its position in Autodesk by 2.1% during the 3rd quarter. Calamos Advisors LLC now owns 43,351 shares of the software company’s stock worth $9,060,000 after buying an additional 877 shares during the period. Finally, Alta Advisers Ltd acquired a new position in Autodesk in the 3rd quarter valued at approximately $320,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ADSK. Citigroup raised their price target on shares of Autodesk from $269.00 to $276.00 and gave the company a “neutral” rating in a research note on Monday, August 31st. Barclays restated an “overweight” rating on shares of Autodesk in a research report on Wednesday, August 19th. The Goldman Sachs Group upgraded shares of Autodesk from a “hold” rating to an “outperform” rating and set a $265.00 price target for the company in a report on Thursday, September 17th. Oppenheimer restated an “outperform” rating on shares of Autodesk in a report on Friday. Finally, KeyCorp reiterated an “overweight” rating on shares of Autodesk in a report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $316.84.

Autodesk Price Performance

Autodesk stock opened at $261.72 on Friday. The company’s 50 day moving average price is $232.98 and its two-hundred day moving average price is $234.13. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.59. Autodesk, Inc. has a 52 week low of $185.50 and a 52 week high of $320.00. The stock has a market cap of $54.70 billion, a P/E ratio of 33.86, a P/E/G ratio of 1.73 and a beta of 1.27.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.12 by $0.18. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. Autodesk had a return on equity of 58.63% and a net margin of 21.08%. The business’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the company 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. On average, equities analysts predict that Autodesk, Inc. will post 9.70 earnings per share for the current year.

About Autodesk

Autodesk, Inc develops software and cloud-based services for designing, building, making, and creating digital media. Its tools support professionals and organizations across architecture, engineering, construction, manufacturing, and entertainment.

The company’s products include AutoCAD for computer-aided design, Revit for building information modeling, Fusion for product design and manufacturing, and Maya and 3ds Max for 3D animation and visual effects. Autodesk also offers cloud services that help customers collaborate and manage design and construction projects.

Founded in 1982, Autodesk serves customers around the world.