Ethic Inc. Acquires 4,206 Shares of Autodesk, Inc. $ADSK

Ethic Inc. grew its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 13.2% in the 3rd quarter, Holdings Channel reports. The fund owned 36,039 shares of the software company’s stock after purchasing an additional 4,206 shares during the quarter. Ethic Inc.’s holdings in Autodesk were worth $7,532,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. BlackRock Inc. acquired a new position in shares of Autodesk in the 2nd quarter valued at approximately $4,828,855,000. State Street Corp raised its holdings in Autodesk by 2.9% during the 2nd quarter. State Street Corp now owns 10,268,172 shares of the software company’s stock worth $1,996,338,000 after buying an additional 284,621 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Autodesk by 5.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,144,627 shares of the software company’s stock worth $752,824,000 after buying an additional 155,255 shares during the period. Pictet Asset Management Holding SA lifted 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 buying an additional 333,485 shares in the last quarter. Finally, Bank of America Corp DE bought a new position in Autodesk in the second quarter valued at approximately $576,727,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ADSK. Wall Street Zen downgraded shares of Autodesk from a “buy” rating to a “hold” rating in a research report on Monday, November 2nd. DA Davidson set a $325.00 price objective on shares of Autodesk in a report on Friday, August 28th. The Goldman Sachs Group raised shares of Autodesk from a “hold” rating to an “outperform” rating and set a $265.00 price objective on the stock in a research report on Thursday, September 17th. New Street Research set a $277.00 target price on shares of Autodesk in a research note on Thursday, August 20th. Finally, BTIG Research reiterated a “buy” rating and set a $300.00 target price on shares of Autodesk in a report on Friday, September 18th. Twenty-six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $317.62.

Autodesk Stock Performance

NASDAQ ADSK opened at $263.35 on Tuesday. The company has a fifty day moving average price of $233.03 and a 200-day moving average price of $234.16. The firm has a market cap of $55.04 billion, a price-to-earnings ratio of 31.33, a PEG ratio of 1.79 and a beta of 1.27. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.86 and a quick ratio of 0.86. Autodesk, Inc. has a 1 year low of $185.50 and a 1 year high of $320.00.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.12 by $0.18. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period last year, the firm earned $2.62 earnings per share. The firm’s revenue was up 16.1% on a year-over-year basis. 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, equities research analysts predict that Autodesk, Inc. will post 9.70 EPS for the current fiscal year.

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.