In the third quarter, Abacus FCF Advisors LLC lifted its position in Autodesk by 2.9%, acquiring an additional 1,776 shares and bringing its total stake to 62,365 shares. This holding now represents 2.6% of the firm’s portfolio and ranks as its seventh largest position. Other notable moves include Beacon Financial Group’s 3.0% boost in the second quarter, bringing its holding to 1,130 shares, and Bridgewater Advisors Inc.’s 2.2% increase to 1,567 shares. Collectively, these incremental purchases underscore continued confidence from hedge funds and institutional investors, who together account for over 90% of Autodesk’s outstanding shares.

Autodesk reported quarterly revenue of $1.85 billion, surpassing consensus estimates by approximately $40 million and reflecting an 18% year-over-year increase. Adjusted earnings per share of $2.67 topped the Street by $0.17, while net margin improved to 16.1%. The company’s return on equity stood at 52.1%, a significant uptick from the prior year. Autodesk’s strong subscription adoption drove recurring revenue growth, and deferred revenue climbed double digits, supporting robust free cash flow generation for the period.

For fiscal 2026, Autodesk projects EPS between 10.18 and 10.25, with fourth-quarter earnings guided to a range of 2.59 to 2.67 per share. Sell-side analysts have responded positively, with Wolfe Research raising its target to 390 and Royal Bank of Canada reiterating an outperform stance. Two firms assign a Strong Buy recommendation, twenty-one maintain Buy ratings, and six carry Hold ratings, resulting in an average consensus rating of Moderate Buy. The implied upside to the consensus target underscores the market’s expectation for continued top-line expansion and margin improvement driven by cloud-based offerings.