Capital Research Global Investors Decreases Stake in Autodesk, Inc. $ADSK

Capital Research Global Investors lessened its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 75.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 103,014 shares of the software company’s stock after selling 321,248 shares during the quarter. Capital Research Global Investors’ holdings in Autodesk were worth $32,725,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Patron Partners LLC increased its position in shares of Autodesk by 0.8% in the third quarter. Patron Partners LLC now owns 4,295 shares of the software company’s stock worth $1,364,000 after acquiring an additional 35 shares in the last quarter. Fulton Bank N.A. increased its holdings in Autodesk by 4.6% in the 3rd quarter. Fulton Bank N.A. now owns 812 shares of the software company’s stock valued at $258,000 after purchasing an additional 36 shares in the last quarter. Catalyst Financial Partners LLC increased its holdings in Autodesk by 3.8% in the 3rd quarter. Catalyst Financial Partners LLC now owns 1,023 shares of the software company’s stock valued at $325,000 after purchasing an additional 37 shares in the last quarter. Beacon Financial Group lifted its stake in shares of Autodesk by 3.4% during the third quarter. Beacon Financial Group now owns 1,168 shares of the software company’s stock worth $371,000 after purchasing an additional 38 shares in the last quarter. Finally, Sky Investment Group LLC boosted its position in shares of Autodesk by 0.5% in the third quarter. Sky Investment Group LLC now owns 7,998 shares of the software company’s stock worth $2,541,000 after buying an additional 40 shares during the period. 90.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on ADSK. Bank of America boosted their price target on Autodesk from $360.00 to $365.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Barclays boosted their target price on shares of Autodesk from $300.00 to $315.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. JPMorgan Chase & Co. raised their price target on shares of Autodesk from $319.00 to $336.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Macquarie Infrastructure boosted their price objective on shares of Autodesk from $380.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, November 26th. Finally, The Goldman Sachs Group upped 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. Two analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $341.96.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $249.89 on Friday. The business has a 50 day simple moving average of $253.28 and a 200-day simple moving average of $287.89. Autodesk, Inc. has a twelve month low of $215.01 and a twelve month high of $329.09. The company has a market capitalization of $52.73 billion, a price-to-earnings ratio of 47.69, a price-to-earnings-growth ratio of 1.67 and a beta of 1.45. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.82.

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

Autodesk 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.