Victory Capital Management Inc. Sells 745,224 Shares of Autodesk, Inc. $ADSK

Victory Capital Management Inc. lowered its position in Autodesk, Inc. (NASDAQ:ADSK) by 60.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 495,667 shares of the software company’s stock after selling 745,224 shares during the quarter. Victory Capital Management Inc.’s holdings in Autodesk were worth $157,459,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC boosted its stake in Autodesk by 14.5% during the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock worth $343,000 after buying an additional 147 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Autodesk by 98.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock worth $765,000 after acquiring an additional 1,224 shares during the period. Schnieders Capital Management LLC. bought a new position in shares of Autodesk during the 2nd quarter worth about $466,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Autodesk during the 2nd quarter valued at about $861,000. Finally, Welch & Forbes LLC bought a new stake in Autodesk in the second quarter valued at about $348,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of ADSK stock opened at $253.40 on Wednesday. Autodesk, Inc. has a 52 week low of $215.01 and a 52 week high of $329.09. The stock has a market capitalization of $53.72 billion, a PE ratio of 48.36, a PEG ratio of 1.78 and a beta of 1.45. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.82 and a current ratio of 0.85. The stock’s fifty day moving average is $259.08 and its 200-day moving average is $289.44.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.64 by $0.21. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the previous year, the business posted $2.29 earnings per share. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. Equities research analysts expect that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on ADSK. The Goldman Sachs Group raised their price target on shares of Autodesk from $320.00 to $330.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Oppenheimer cut their target price on Autodesk from $375.00 to $325.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Morgan Stanley lowered their price target on Autodesk from $385.00 to $350.00 and set an “overweight” rating on the stock in a research report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft dropped their price objective on Autodesk from $375.00 to $330.00 and set a “buy” rating for the company in a research note on Monday. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Autodesk in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Autodesk presently has a consensus rating of “Moderate Buy” and an average target price of $341.96.

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.