Kornitzer Capital Management Inc. KS Decreases Stock Holdings in Autodesk, Inc. $ADSK

Kornitzer Capital Management Inc. KS reduced its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 13.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,123 shares of the software company’s stock after selling 4,300 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Autodesk were worth $8,934,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in Autodesk by 14.5% during the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock valued at $343,000 after buying an additional 147 shares during the period. Sivia Capital Partners LLC increased its position in shares of Autodesk by 98.1% during the second quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock valued at $765,000 after acquiring an additional 1,224 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Autodesk by 10.1% in the second quarter. Farther Finance Advisors LLC now owns 1,252 shares of the software company’s stock worth $388,000 after purchasing an additional 115 shares during the last quarter. ORG Partners LLC lifted its stake in Autodesk by 865.2% during the 2nd quarter. ORG Partners LLC now owns 222 shares of the software company’s stock valued at $69,000 after acquiring an additional 199 shares during the period. Finally, Signaturefd LLC lifted its position in Autodesk by 15.0% during the second quarter. Signaturefd LLC now owns 3,826 shares of the software company’s stock valued at $1,185,000 after purchasing an additional 500 shares during the period. 90.24% of the stock is owned by institutional investors.

Autodesk Trading Up 0.9%

NASDAQ ADSK opened at $272.34 on Tuesday. Autodesk, Inc. has a 52 week low of $232.67 and a 52 week high of $329.09. The company has a 50 day moving average price of $289.94 and a 200 day moving average price of $299.69. 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 firm has a market cap of $57.74 billion, a PE ratio of 52.78, a price-to-earnings-growth ratio of 2.19 and a beta of 1.46.

Autodesk (NASDAQ:ADSK) last issued its quarterly 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 analyst estimates of $1.81 billion. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. Autodesk’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter in the prior year, the business 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. As a group, sell-side analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ADSK shares. Citigroup upped their price target on shares of Autodesk from $370.00 to $382.00 and gave the company a “buy” rating in a research report on Friday, November 28th. Piper Sandler reissued an “overweight” rating on shares of Autodesk in a report on Tuesday, January 13th. The Goldman Sachs Group lifted their price objective on shares of Autodesk from $320.00 to $330.00 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Autodesk in a report on Wednesday, January 21st. Finally, HSBC decreased their price target on shares of Autodesk from $388.00 to $379.00 and set a “buy” rating on the stock in a research note on Friday, November 28th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $369.97.

Autodesk Company 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.