Mitsubishi UFJ Trust & Banking Corp Lowers Holdings in Autodesk, Inc. $ADSK

Mitsubishi UFJ Trust & Banking Corp decreased its position in Autodesk, Inc. (NASDAQ:ADSKFree Report) by 10.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,171 shares of the software company’s stock after selling 21,610 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.08% of Autodesk worth $56,600,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Westfuller Advisors LLC bought a new position in shares of Autodesk in the third quarter worth approximately $123,000. Tranquilli Financial Advisor LLC purchased a new position in Autodesk in the 3rd quarter worth approximately $206,000. Teacher Retirement System of Texas lifted its position in Autodesk by 102.1% in the 3rd quarter. Teacher Retirement System of Texas now owns 357,813 shares of the software company’s stock valued at $113,666,000 after acquiring an additional 180,758 shares in the last quarter. Grandfield & Dodd LLC boosted its stake in Autodesk by 0.3% during the 3rd quarter. Grandfield & Dodd LLC now owns 144,530 shares of the software company’s stock valued at $45,913,000 after purchasing an additional 493 shares during the last quarter. Finally, Probity Advisors Inc. increased its holdings in shares of Autodesk by 15.1% in the 3rd quarter. Probity Advisors Inc. now owns 1,367 shares of the software company’s stock worth $434,000 after purchasing an additional 179 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.

More Autodesk News

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Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $270.00 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $57.24 billion, a PE ratio of 52.33, a price-to-earnings-growth ratio of 2.19 and a beta of 1.46. The firm’s 50 day moving average price is $290.33 and its 200-day moving average price is $299.84. Autodesk, Inc. has a twelve month low of $232.67 and a twelve month high of $329.09.

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on ADSK shares. Robert W. Baird upped their price target on Autodesk from $367.00 to $377.00 and gave the company an “outperform” rating in a report on Wednesday, November 26th. BTIG Research started coverage on shares of Autodesk in a research note on Tuesday, December 16th. They set a “buy” rating and a $365.00 target price on the stock. BMO Capital Markets raised their price target on shares of Autodesk from $333.00 to $343.00 and gave the company a “market perform” rating in a report on Wednesday, November 26th. The Goldman Sachs Group boosted their price objective on shares of Autodesk from $320.00 to $330.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. Finally, Rothschild & Co Redburn initiated coverage on shares of Autodesk in a research report on Friday, January 9th. They set a “buy” rating and a $375.00 price objective on the stock. Three analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $369.97.

Check Out Our Latest Stock Report on ADSK

About Autodesk

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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