Pursue Wealth Partners LLC Boosts Stake in Autodesk, Inc. $ADSK

Pursue Wealth Partners LLC raised its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 379.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,083 shares of the software company’s stock after buying an additional 6,398 shares during the quarter. Autodesk comprises 1.4% of Pursue Wealth Partners LLC’s portfolio, making the stock its 20th biggest holding. Pursue Wealth Partners LLC’s holdings in Autodesk were worth $2,568,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of ADSK. Mirae Asset Global Investments Co. Ltd. increased its holdings in Autodesk by 12.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,180 shares of the software company’s stock worth $48,661,000 after purchasing an additional 17,358 shares during the period. BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Autodesk by 18.7% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 130,669 shares of the software company’s stock worth $41,510,000 after buying an additional 20,543 shares in the last quarter. Pacific Heights Asset Management LLC raised its holdings in shares of Autodesk by 26.9% in the third quarter. Pacific Heights Asset Management LLC now owns 85,000 shares of the software company’s stock valued at $27,002,000 after acquiring an additional 18,000 shares in the last quarter. Nordea Investment Management AB lifted its stake in Autodesk by 5.6% in the second quarter. Nordea Investment Management AB now owns 21,254 shares of the software company’s stock worth $6,509,000 after acquiring an additional 1,124 shares during the period. Finally, Renaissance Group LLC purchased a new stake in Autodesk in the third quarter worth about $33,789,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ADSK has been the subject of several recent research reports. Royal Bank Of Canada restated an “outperform” rating and issued a $340.00 price target on shares of Autodesk in a report on Wednesday. Deutsche Bank Aktiengesellschaft raised Autodesk from a “hold” rating to a “buy” rating and raised their price objective for the company from $345.00 to $375.00 in a research report on Wednesday, November 26th. Arete Research lifted their target price on Autodesk from $430.00 to $460.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. The Goldman Sachs Group increased their price target on shares of Autodesk from $320.00 to $330.00 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. Finally, Citigroup lifted their price objective on shares of Autodesk from $370.00 to $382.00 and gave the stock a “buy” rating in a research report on Friday, November 28th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $367.61.

Autodesk Price Performance

Shares of ADSK stock opened at $231.22 on Friday. Autodesk, Inc. has a fifty-two week low of $216.01 and a fifty-two week high of $329.09. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market capitalization of $49.02 billion, a price-to-earnings ratio of 44.81, a PEG ratio of 1.62 and a beta of 1.45. The stock’s 50-day simple moving average is $274.94 and its 200-day simple moving average is $294.68.

Autodesk (NASDAQ:ADSK) last released its earnings results on Tuesday, November 25th. The software company reported $2.67 EPS for the quarter, topping analysts’ consensus estimates of $2.50 by $0.17. The company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. Autodesk’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same period last year, the business earned $2.17 EPS. 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, equities analysts forecast that Autodesk, Inc. will post 5.76 earnings per share 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.