KLP Kapitalforvaltning AS Increases Stake in Autodesk, Inc. $ADSK

KLP Kapitalforvaltning AS increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 101,112 shares of the software company’s stock after purchasing an additional 2,200 shares during the period. KLP Kapitalforvaltning AS’s holdings in Autodesk were worth $32,120,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in ADSK. Flaharty Asset Management LLC purchased a new position in shares of Autodesk during the first quarter valued at approximately $27,000. Proffitt & Goodson Inc. bought a new stake in shares of Autodesk during the 3rd quarter worth approximately $27,000. Access Investment Management LLC bought a new stake in shares of Autodesk during the 2nd quarter worth approximately $28,000. Heartwood Wealth Advisors LLC purchased a new position in Autodesk during the 3rd quarter valued at $28,000. Finally, Tripletail Wealth Management LLC bought a new position in Autodesk in the 3rd quarter valued at $29,000. 90.24% of the stock is currently owned by institutional investors.

Autodesk Trading Up 0.2%

NASDAQ:ADSK opened at $293.79 on Thursday. The stock has a market capitalization of $62.28 billion, a price-to-earnings ratio of 56.94, a PEG ratio of 2.38 and a beta of 1.46. Autodesk, Inc. has a 52 week low of $232.67 and a 52 week high of $329.09. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.86. The firm has a 50 day moving average of $298.16 and a 200 day moving average of $303.36.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Tuesday, November 25th. The software company reported $2.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.50 by $0.17. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the previous year, the company earned $2.17 earnings per share. The business’s revenue for the quarter was up 18.0% on a year-over-year basis. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS and its Q4 2026 guidance at 2.590-2.67 EPS. As a group, sell-side analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on ADSK. Wall Street Zen cut shares of Autodesk from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 28th. Rosenblatt Securities reissued a “buy” rating and issued a $355.00 price objective on shares of Autodesk in a research report on Monday, November 24th. Royal Bank Of Canada restated an “outperform” rating and issued a $380.00 target price on shares of Autodesk in a research note on Monday, October 6th. Bank of America raised their target price on shares of Autodesk from $360.00 to $365.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Autodesk in a research note on Tuesday, December 16th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $369.59.

Autodesk Company 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.