Hennion & Walsh Asset Management Inc. Sells 3,498 Shares of Autodesk, Inc. $ADSK

Hennion & Walsh Asset Management Inc. cut its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 36.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,110 shares of the software company’s stock after selling 3,498 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Autodesk were worth $1,941,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Beacon Financial Group grew its holdings in shares of Autodesk by 3.0% in the second quarter. Beacon Financial Group now owns 1,130 shares of the software company’s stock valued at $350,000 after acquiring an additional 33 shares in the last quarter. Bridgewater Advisors Inc. boosted its position in Autodesk by 2.2% in the second quarter. Bridgewater Advisors Inc. now owns 1,567 shares of the software company’s stock worth $474,000 after purchasing an additional 34 shares during the last quarter. Clarity Wealth Advisors LLC grew its stake in Autodesk by 2.3% in the 2nd quarter. Clarity Wealth Advisors LLC now owns 1,535 shares of the software company’s stock valued at $475,000 after purchasing an additional 35 shares during the period. Fulton Bank N.A. increased its position in shares of Autodesk by 4.6% during the 3rd quarter. Fulton Bank N.A. now owns 812 shares of the software company’s stock valued at $258,000 after purchasing an additional 36 shares during the last quarter. Finally, Wedbush Securities Inc. increased its position in shares of Autodesk by 2.6% during the 2nd quarter. Wedbush Securities Inc. now owns 1,484 shares of the software company’s stock valued at $459,000 after purchasing an additional 37 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ADSK. Royal Bank Of Canada reissued an “outperform” rating and issued a $380.00 price target on shares of Autodesk in a report on Monday, October 6th. Rosenblatt Securities reiterated a “buy” rating and issued a $355.00 target price on shares of Autodesk in a research note on Monday, November 24th. Macquarie raised their price target on shares of Autodesk from $380.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. Barclays upped their price objective on Autodesk from $385.00 to $390.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. Finally, Wall Street Zen lowered Autodesk from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 28th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $369.59.

Autodesk Stock Performance

Shares of ADSK stock opened at $276.58 on Friday. The firm’s 50 day moving average is $297.68 and its 200 day moving average is $303.17. The stock has a market capitalization of $58.63 billion, a P/E ratio of 53.60, a PEG ratio of 2.39 and a beta of 1.46. Autodesk, Inc. has a 12 month low of $232.67 and a 12 month high of $329.09. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.86.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Tuesday, November 25th. The software company reported $2.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.50 by $0.17. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. The business’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.17 EPS. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS and its Q4 2026 guidance at 2.590-2.67 EPS. On average, sell-side analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Autodesk Profile

Autodesk, Inc (NASDAQ: ADSK) is a software company that develops design and creation tools for the architecture, engineering and construction (AEC), manufacturing, and media and entertainment industries. Headquartered in San Rafael, California, the company was founded in 1982 and is best known for pioneering CAD (computer-aided design) software. Autodesk sells products and services to a global customer base, including architects, engineers, contractors, product designers, and content creators.

The company’s product portfolio includes industry-standard design and modeling applications such as AutoCAD, Revit, Inventor, Fusion 360, Maya and 3ds Max, as well as cloud-based collaboration and project management platforms like BIM 360 and Autodesk Construction Cloud.