5 3D Printing Companies to Watch in 2022

1. Autodesk, Inc. (NASDAQ:ADSK)

Number of Hedge Fund Holders: 54

Autodesk, Inc. (NASDAQ:ADSK) is a multinational software developer based in the United States, and its products include AutoCAD, BIM 360, Civil 3D, Fusion 360, and PlanGrid among others. The firm provides its digital products through a subscription model to industries including architecture, manufacturing, media, education, entertainment, engineering and construction. The most popular product offered by Autodesk, Inc. (NASDAQ:ADSK) is the Fusion 360 3D modeling platform, which has more than 165,000 paying subscribers as of August 2021.

For the third quarter, Autodesk, Inc. (NASDAQ:ADSK) posted an EPS of $1.33, beating estimates by $0.07. Quarterly revenue of $1.13 billion was above expectations by $6.48 million. As the demand for construction grows around the globe, Autodesk, Inc. (NASDAQ:ADSK) is perfectly positioned to grow by helping drive productivity and enabling the digitization of the design, construction, and asset management process.

In December, Autodesk, Inc. (NASDAQ:ADSK) announced the acquisition of ProEst, a cloud-based estimating solution that is used by construction teams around the globe, with plans to integrate it with Autodesk Construction Cloud, a comprehensive construction management software. The terms of the deal have not yet been disclosed, and is expected to close by January 2022.

54 hedge funds were long Autodesk, Inc. (NASDAQ:ADSK) at the end of the third quarter, holding stakes worth $2.35 billion. This is down from 64 hedge funds in the previous quarter.

Investment firm Polen Capital mentioned Autodesk, Inc. (NASDAQ:ADSK) in its Q3 investor letter. Here’s what the fund said:

“Shares of Autodesk have lagged recently due to expectations of short-term headwinds to free cash flow as the company transitions its billing structure to annual payments from multi-year up-front subscription payments. We view this as a transient issue and believe Autodesk’s attractive long-term growth profile remains in place.”

You can also take a look at 15 Biggest Companies That Don’t Pay Taxes and 10 Best Paper Stocks To Buy Now.

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