Autodesk, Inc. $ADSK Stock: Kestra Investment Management LLC Grows Stake

Kestra Investment Management LLC increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 29.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,960 shares of the software company’s stock after acquiring an additional 2,688 shares during the quarter. Kestra Investment Management LLC’s holdings in Autodesk were worth $2,500,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. AlphaCore Capital LLC raised its stake in shares of Autodesk by 354.4% during the third quarter. AlphaCore Capital LLC now owns 12,046 shares of the software company’s stock worth $2,518,000 after buying an additional 9,395 shares during the last quarter. Fulcrum Asset Management LLP lifted its holdings in Autodesk by 687.9% in the third quarter. Fulcrum Asset Management LLP now owns 3,987 shares of the software company’s stock valued at $810,000 after buying an additional 3,481 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Autodesk by 4,328.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 974,966 shares of the software company’s stock valued at $206,020,000 after acquiring an additional 952,948 shares during the last quarter. Ethic Inc. boosted its stake in Autodesk by 13.2% in the third quarter. Ethic Inc. now owns 36,039 shares of the software company’s stock valued at $7,532,000 after acquiring an additional 4,206 shares during the last quarter. Finally, Pictet Asset Management Holding SA boosted its stake in Autodesk by 12.1% in the third quarter. Pictet Asset Management Holding SA now owns 3,080,128 shares of the software company’s stock valued at $643,514,000 after acquiring an additional 333,485 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

ADSK stock opened at $263.35 on Tuesday. The stock has a 50-day moving average price of $233.03 and a two-hundred day moving average price of $234.16. The stock has a market cap of $55.04 billion, a PE ratio of 34.07, a price-to-earnings-growth ratio of 1.79 and a beta of 1.27. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.59. Autodesk, Inc. has a 1 year low of $185.50 and a 1 year high of $320.00.

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

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. BTIG Research reaffirmed a “buy” rating and set a $300.00 target price on shares of Autodesk in a report on Friday, September 18th. KeyCorp reissued an “overweight” rating on shares of Autodesk in a research note on Wednesday, August 19th. Citigroup raised their price target on Autodesk from $269.00 to $276.00 and gave the stock a “neutral” rating in a research report on Monday, August 31st. Barclays reaffirmed an “overweight” rating on shares of Autodesk in a research note on Wednesday, August 19th. Finally, BMO Capital Markets upped their price objective on Autodesk from $262.00 to $283.00 and gave the company a “market perform” rating in a report on Friday, August 28th. Twenty-six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $317.62.

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.