5 Best 3D Printing Stocks to Buy Now

1. Autodesk, Inc. (NASDAQ: ADSK)

Number of Hedge Fund Holders: 66

Autodesk, Inc. (NASDAQ: ADSK) is a provider of 3D design, engineering, and entertainment software and services across the world. The company ranks 1st on our list of the best 3D printing stocks to buy now.

This June, Rosenblatt analyst Blair Abernethy commented on Autodesk, Inc. (NASDAQ: ADSK) and Altium, saying that the two fit each other well strategically. The firm has a Buy rating on Autodesk, Inc. (NASDAQ: ADSK) shares and a $320 price target to boot.

In the fiscal first quarter of 2022, Autodesk, Inc. (NASDAQ: ADSK) had an EPS of $1.03, beating estimates by $0.09. The company’s revenue was $989.30 million, up 11.7% year over year and beating estimates by $24.54 million. Autodesk, Inc. (NASDAQ: ADSK) has a gross profit margin of 91.95% and has gained 18.64% in the past year.

By the end of the first quarter of 2021, 66 hedge funds out of the 866 tracked by Insider Monkey held stakes in Autodesk, Inc. (NASDAQ: ADSK). The total value of their stakes came up to roughly $3.05 billion. This is compared to 66 hedge fund holders in the previous quarter with a total stake value of about $3.52 billion.

Polen Capital, an investment management firm, mentioned Autodesk, Inc. (NASDAQ: ADSK) in its first-quarter 2021 investor letter. Here‘s what they said:

“Adobe and Autodesk are both prime examples of the rotation that occurred during the quarter. Both are dominant businesses in their respective markets, which are experiencing structural tailwinds. Despite each business’s position of strength, the stocks of cyclicals and businesses with higher leverage and lower profitability were more favored this past quarter. In stark contrast, Adobe and Autodesk both have low leverage, high levels of profitability, high recurring revenues that mitigate cyclicality, and are both capital-light business models—all attributes we appreciate as investors. Adobe and Autodesk were also two of the top three performers within the Portfolio during 2020.”

You can also take a look at 10 Best Stocks for Beginners with Little Money and 15 Most Valuable Technology Companies in the World.

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