Autodesk, Inc. $ADSK Stock: Sumitomo Mitsui Trust Group Inc. Raises Stake

Sumitomo Mitsui Trust Group Inc. increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 4.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,125,752 shares of the software company’s stock after buying an additional 45,316 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Autodesk were worth $235,282,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Autodesk in the 2nd quarter valued at about $4,828,855,000. Bank of America Corp DE bought a new stake in Autodesk during the 2nd quarter valued at $576,727,000. Legal & General Group Plc purchased a new stake in Autodesk during the 2nd quarter worth about $422,928,000. Deutsche Bank AG purchased a new stake in shares of Autodesk in the second quarter worth about $322,851,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Autodesk in the second quarter worth about $228,908,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of ADSK stock opened at $249.61 on Monday. The stock has a 50 day moving average price of $232.45 and a 200 day moving average price of $234.15. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market capitalization of $52.17 billion, a P/E ratio of 32.29, a P/E/G ratio of 1.65 and a beta of 1.27. Autodesk, Inc. has a 52-week low of $185.50 and a 52-week high of $320.00.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.12 by $0.18. Autodesk had a return on equity of 58.63% and a net margin of 21.08%. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the prior year, the business earned $2.62 EPS. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. 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, sell-side analysts predict that Autodesk, Inc. will post 9.70 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ADSK shares. Cantor Fitzgerald began coverage on shares of Autodesk in a report on Monday, September 14th. They set a “neutral” rating and a $215.00 target price on the stock. Royal Bank Of Canada restated an “outperform” rating and set a $305.00 price target on shares of Autodesk in a report on Thursday, September 17th. The Goldman Sachs Group upgraded shares of Autodesk from a “hold” rating to an “outperform” rating and set a $265.00 price objective for the company in a report on Thursday, September 17th. Robert W. Baird raised their target price on shares of Autodesk from $312.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, August 21st. Finally, Rosenblatt Securities restated a “buy” rating and set a $330.00 price objective on shares of Autodesk in a research note on Monday, August 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $316.84.

About Autodesk

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.