With significant hedge fund interest, Autodesk, Inc. (NASDAQ:ADSK) secures a spot on our list of the 10 best SaaS stocks to buy according to hedge funds.
As of Q1 2026, 67 hedge funds held bullish positions in the stock, representing $3.17 billion in aggregate value, as per Insider Monkey data
On May 28, 2026, Autodesk, Inc. (NASDAQ:ADSK) announced a $3.6 billion deal to acquire MaintainX, a maintenance and operations software firm. MaintainX expects to achieve more than $135 million in annualized recurring revenue for 2026. Autodesk plans to fund the transaction with a combination of cash on hand and debt financing, with the deal expected to close later this fiscal year.
CEO Andrew Anagnost said the goal is to bring operational expertise, contextual data, and workflows that enhance Autodesk’s ability to use AI to converge digital and physical worlds. The announcement came alongside first-quarter results. Autodesk reported revenue of $1.93 billion, above the analyst estimate of $1.89 billion.