Autodesk, Inc. $ADSK Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Autodesk, Inc. (NASDAQ:ADSK) by 7.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,619 shares of the software company’s stock after acquiring an additional 1,913 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Autodesk were worth $8,774,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. OMNI 360 Wealth Inc. acquired a new stake in Autodesk during the 2nd quarter valued at approximately $359,000. E. Ohman J or Asset Management AB raised its holdings in shares of Autodesk by 1.8% during the second quarter. E. Ohman J or Asset Management AB now owns 127,126 shares of the software company’s stock worth $39,354,000 after purchasing an additional 2,276 shares during the last quarter. Nordea Investment Management AB lifted its position in Autodesk by 5.6% during the second quarter. Nordea Investment Management AB now owns 21,254 shares of the software company’s stock valued at $6,509,000 after purchasing an additional 1,124 shares during the period. GK Wealth Management LLC purchased a new stake in Autodesk in the second quarter valued at $348,000. Finally, Franklin Resources Inc. grew its position in Autodesk by 2.0% during the 2nd quarter. Franklin Resources Inc. now owns 2,225,768 shares of the software company’s stock worth $689,031,000 after purchasing an additional 43,869 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ADSK. Wells Fargo & Company boosted their price objective on Autodesk from $375.00 to $380.00 and gave the company an “overweight” rating in a report on Wednesday, November 26th. Wolfe Research upped their price objective on Autodesk from $370.00 to $390.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. KeyCorp reaffirmed an “overweight” rating on shares of Autodesk in a research note on Tuesday, December 16th. Robert W. Baird boosted their target price on shares of Autodesk from $367.00 to $377.00 and gave the company an “outperform” rating in a research note on Wednesday, November 26th. Finally, BMO Capital Markets increased their price target on shares of Autodesk from $333.00 to $343.00 and gave the stock a “market perform” rating in a report on Wednesday, November 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $369.97.

Autodesk Trading Down 0.2%

Shares of ADSK stock opened at $276.02 on Friday. Autodesk, Inc. has a 1-year low of $232.67 and a 1-year high of $329.09. The company has a market cap of $58.52 billion, a price-to-earnings ratio of 53.49, a PEG ratio of 2.24 and a beta of 1.46. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a 50 day simple moving average of $297.17 and a 200-day simple moving average of $302.99.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Tuesday, November 25th. The software company reported $2.67 EPS for the quarter, topping the consensus estimate of $2.50 by $0.17. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.81 billion. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. The firm’s revenue was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. On average, equities research analysts expect that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

About Autodesk

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.