Great Lakes Advisors LLC Sells 3,419 Shares of Autodesk, Inc. $ADSK

Great Lakes Advisors LLC lowered its stake in Autodesk, Inc. (NASDAQ:ADSK) by 15.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,532 shares of the software company’s stock after selling 3,419 shares during the quarter. Great Lakes Advisors LLC’s holdings in Autodesk were worth $5,887,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Autodesk during the second quarter worth $777,202,000. Rakuten Investment Management Inc. bought a new position in Autodesk during the 3rd quarter worth about $268,649,000. Geode Capital Management LLC raised its stake in shares of Autodesk by 15.1% in the 2nd quarter. Geode Capital Management LLC now owns 5,606,264 shares of the software company’s stock valued at $1,730,415,000 after purchasing an additional 734,449 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Autodesk by 18.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,544,520 shares of the software company’s stock valued at $1,125,988,000 after purchasing an additional 564,136 shares in the last quarter. Finally, Vontobel Holding Ltd. boosted its position in shares of Autodesk by 254.2% during the third quarter. Vontobel Holding Ltd. now owns 676,701 shares of the software company’s stock worth $214,968,000 after buying an additional 485,661 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Price Performance

NASDAQ:ADSK opened at $255.68 on Friday. The stock has a market capitalization of $54.20 billion, a PE ratio of 49.55, a P/E/G ratio of 2.18 and a beta of 1.46. Autodesk, Inc. has a 1-year low of $232.67 and a 1-year high of $329.09. The firm has a fifty day simple moving average of $288.38 and a 200 day simple moving average of $299.08. 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 announced its quarterly earnings results on Tuesday, November 25th. The software company reported $2.67 EPS for the quarter, beating analysts’ consensus estimates of $2.50 by $0.17. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter last year, the company posted $2.17 earnings per share. The company’s revenue for the quarter 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. On average, research analysts expect that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ADSK shares. BTIG Research initiated coverage on Autodesk in a research report on Tuesday, December 16th. They issued a “buy” rating and a $365.00 target price on the stock. Barclays lifted their price objective on shares of Autodesk from $385.00 to $390.00 and gave the company an “overweight” rating in a report on Wednesday, November 26th. HSBC reduced their target price on shares of Autodesk from $388.00 to $379.00 and set a “buy” rating for the company in a report on Friday, November 28th. KeyCorp reaffirmed an “overweight” rating on shares of Autodesk in a research report on Tuesday, December 16th. Finally, Robert W. Baird boosted their price target on shares of Autodesk from $367.00 to $377.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. Three research 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 company’s stock. Based on data from MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and an average price target of $369.97.

About Autodesk

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.