Fulcrum Asset Management LLP Acquires 3,481 Shares of Autodesk, Inc. $ADSK

Fulcrum Asset Management LLP raised its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 687.9% in the third quarter, Holdings Channel.com reports. The firm owned 3,987 shares of the software company’s stock after buying an additional 3,481 shares during the period. Fulcrum Asset Management LLP’s holdings in Autodesk were worth $810,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in ADSK. Johnson Financial Group Inc. purchased a new stake in shares of Autodesk in the second quarter worth approximately $30,000. Next Level Wealth Planning LLC bought a new position in shares of Autodesk in the third quarter valued at approximately $35,000. Avalon Trust Co boosted its position in shares of Autodesk by 97.8% during the first quarter. Avalon Trust Co now owns 180 shares of the software company’s stock valued at $43,000 after buying an additional 89 shares during the last quarter. Wellington Grp LLC boosted its position in shares of Autodesk by 873.7% during the first quarter. Wellington Grp LLC now owns 185 shares of the software company’s stock valued at $44,000 after buying an additional 166 shares during the last quarter. Finally, Community Financial Services Group LLC purchased a new position in shares of Autodesk during the second quarter valued at approximately $37,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ADSK. DA Davidson set a $325.00 price target on Autodesk in a research report on Friday, August 28th. New Street Research set a $277.00 price objective on Autodesk in a research note on Thursday, August 20th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $305.00 price objective on shares of Autodesk in a report on Thursday, September 17th. Wall Street Zen lowered shares of Autodesk from a “buy” rating to a “hold” rating in a research note on Monday, November 2nd. Finally, Cantor Fitzgerald initiated coverage on shares of Autodesk in a report on Monday, September 14th. They issued a “neutral” rating and a $215.00 target price for the company. Twenty-six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $317.62.

Autodesk Stock Performance

ADSK stock opened at $259.48 on Friday. The firm has a market cap of $54.23 billion, a PE ratio of 33.57, a P/E/G ratio of 1.72 and a beta of 1.27. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.59. The business has a 50 day moving average of $233.67 and a 200-day moving average of $234.00. Autodesk, Inc. has a 12-month low of $185.50 and a 12-month 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 during the quarter, compared to the consensus estimate of $2.01 billion. Autodesk had a return on equity of 58.63% and a net margin of 21.08%. Autodesk’s revenue was up 16.1% on a year-over-year basis. During the same period last year, the business 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. As a group, sell-side analysts expect that Autodesk, Inc. will post 9.70 earnings per share for the current year.

Autodesk Company Profile

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.