Fintel reports that on September 29, 2023, HSBC initiated coverage of Autodesk (NASDAQ:ADSK) with a Hold recommendation.
Analyst Price Forecast Suggests 16.03% Upside
As of August 31, 2023, the average one-year price target for Autodesk is 241.21. The forecasts range from a low of 181.80 to a high of $283.50. The average price target represents an increase of 16.03% from its latest reported closing price of 207.89.
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The projected annual revenue for Autodesk is 5,584MM, an increase of 7.14%. The projected annual non-GAAP EPS is 7.46.
What is the Fund Sentiment?
There are 1996 funds or institutions reporting positions in Autodesk. This is a decrease of 30 owner(s) or 1.48% in the last quarter. Average portfolio weight of all funds dedicated to ADSK is 0.34%, a decrease of 6.51%. Total shares owned by institutions decreased in the last three months by 0.74% to 214,367K shares. 
The put/call ratio of ADSK is 1.13, indicating a bearish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 6,699K shares representing 3.13% ownership of the company. In it's prior filing, the firm reported owning 6,679K shares, representing an increase of 0.30%. The firm decreased its portfolio allocation in ADSK by 9.04% over the last quarter.
Loomis Sayles & Co L P holds 6,493K shares representing 3.04% ownership of the company. In it's prior filing, the firm reported owning 6,680K shares, representing a decrease of 2.88%. The firm increased its portfolio allocation in ADSK by 61.80% over the last quarter.
Polen Capital Management holds 5,481K shares representing 2.56% ownership of the company. In it's prior filing, the firm reported owning 7,867K shares, representing a decrease of 43.55%. The firm decreased its portfolio allocation in ADSK by 35.60% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 5,099K shares representing 2.39% ownership of the company. In it's prior filing, the firm reported owning 5,035K shares, representing an increase of 1.26%. The firm decreased its portfolio allocation in ADSK by 9.84% over the last quarter.
Aristotle Capital Management holds 4,809K shares representing 2.25% ownership of the company. In it's prior filing, the firm reported owning 4,908K shares, representing a decrease of 2.07%. The firm decreased its portfolio allocation in ADSK by 6.67% over the last quarter.
Autodesk Background Information
(This description is provided by the company.)
"Autodesk, Inc. makes software for people who make things. The company is a global leader in design and make software for architecture, engineering, construction, manufacturing, and media and entertainment industries. If you’ve ever driven a high-performance car, admired a towering skyscraper, used a smartphone, or watched a great film, chances are you’ve experienced what millions of Autodesk customers have built with its software. Autodesk exists to turn ideas into new realities that shape a thriving future. Its software and services harness emerging technologies—such as additive manufacturing (3D printing), artificial intelligence, generative design, and robotics—that give companies and individuals the power to work more quickly, effectively, and sustainably throughout the entire project lifecycle."
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