ICICI Prudential Asset Management Co Ltd Sells 11,970 Shares of Autodesk, Inc. $ADSK

ICICI Prudential Asset Management Co Ltd reduced its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 78.5% during the third quarter, HoldingsChannel reports. The firm owned 3,286 shares of the software company’s stock after selling 11,970 shares during the period. ICICI Prudential Asset Management Co Ltd’s holdings in Autodesk were worth $1,044,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC raised its holdings in shares of 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 purchasing an additional 147 shares during the last quarter. Sivia Capital Partners LLC grew its position in Autodesk by 98.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock worth $765,000 after purchasing an additional 1,224 shares during the period. Harbour Investments Inc. raised its stake in Autodesk by 76.7% during the 2nd quarter. Harbour Investments Inc. now owns 212 shares of the software company’s stock valued at $66,000 after buying an additional 92 shares during the last quarter. Stratos Wealth Partners LTD. bought a new position in shares of Autodesk during the 2nd quarter valued at $201,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Autodesk in the 2nd quarter worth $1,053,000. Institutional investors own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ADSK. Wells Fargo & Company reduced their price objective on Autodesk from $380.00 to $365.00 and set an “overweight” rating for the company in a research report on Wednesday. Arete Research boosted their price target on Autodesk from $430.00 to $460.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. HSBC lowered their price objective 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. Bank of America boosted their target price on shares of Autodesk from $360.00 to $365.00 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. Finally, Rothschild & Co Redburn set a $375.00 target price on shares of Autodesk in a report on Friday, January 9th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $361.46.

Autodesk Trading Down 0.3%

Shares of NASDAQ:ADSK opened at $229.10 on Friday. The stock has a 50 day moving average of $269.18 and a 200 day moving average of $292.68. The company has a market cap of $48.57 billion, a PE ratio of 44.40, a price-to-earnings-growth ratio of 1.60 and a beta of 1.45. Autodesk, Inc. has a 12-month low of $216.01 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 released its earnings results on Tuesday, November 25th. The software company reported $2.67 EPS for the quarter, topping analysts’ consensus estimates of $2.50 by $0.17. The company 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 firm’s revenue was up 18.0% compared to the same quarter last year. During the same quarter last year, the business earned $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, equities research analysts expect that Autodesk, Inc. will post 5.76 EPS for the current year.

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.