Autodesk, Inc. $ADSK Stock Sold by Ninety One UK Ltd

Ninety One UK Ltd lowered its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 3.3% during the third quarter, Holdings Channel reports. The institutional investor owned 3,675,175 shares of the software company’s stock after selling 124,460 shares during the quarter. Autodesk comprises about 1.8% of Ninety One UK Ltd’s investment portfolio, making the stock its 12th biggest position. Ninety One UK Ltd’s holdings in Autodesk were worth $768,112,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in Autodesk during the second quarter worth about $4,828,855,000. State Street Corp grew its stake in shares of Autodesk by 2.9% in the 2nd quarter. State Street Corp now owns 10,268,172 shares of the software company’s stock valued at $1,996,338,000 after purchasing an additional 284,621 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Autodesk by 5.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,144,627 shares of the software company’s stock valued at $752,824,000 after purchasing an additional 155,255 shares during the period. Bank of America Corp DE acquired a new position in shares of Autodesk in the 2nd quarter worth approximately $576,727,000. Finally, Pictet Asset Management Holding SA raised its holdings in shares of Autodesk by 30.6% in the 2nd quarter. Pictet Asset Management Holding SA now owns 2,746,643 shares of the software company’s stock worth $534,014,000 after buying an additional 643,267 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

ADSK traded up $12.24 during trading on Thursday, hitting $243.38. The company’s stock had a trading volume of 1,166,823 shares, compared to its average volume of 2,291,469. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $50.87 billion, a price-to-earnings ratio of 31.46, a price-to-earnings-growth ratio of 1.53 and a beta of 1.33. The firm’s 50 day moving average price is $232.82 and its two-hundred day moving average price is $227.78. Autodesk, Inc. has a 12 month low of $185.50 and a 12 month high of $320.00.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, August 27th. The software company reported $3.30 EPS for the quarter, topping the consensus estimate of $3.12 by $0.18. Autodesk had a return on equity of 58.63% and a net margin of 21.08%. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the prior year, the business earned $2.62 earnings per share. The business’s revenue for the quarter was up 16.1% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. Sell-side analysts forecast that Autodesk, Inc. will post 9.70 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on ADSK shares. Guggenheim restated a “buy” rating and set a $283.00 target price on shares of Autodesk in a research report on Monday, September 21st. New Street Research set a $277.00 price target on Autodesk in a research report on Thursday, August 20th. BTIG Research reiterated a “buy” rating and set a $300.00 price objective on shares of Autodesk in a research note on Friday, September 18th. KeyCorp reissued an “overweight” rating on shares of Autodesk in a report on Wednesday, August 19th. Finally, UBS Group reissued a “buy” rating on shares of Autodesk in a report on Thursday, September 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and a consensus target price of $316.84.

Autodesk Company Profile

Autodesk, Inc develops software and cloud-based services for people and organizations involved in architecture, engineering, construction, manufacturing, media and entertainment, and other design-related industries. Its tools help customers create, visualize, simulate and manage digital models and workflows throughout the product and building lifecycle.

The company’s products include AutoCAD for computer-aided design; Revit for building information modeling; Civil 3D for civil engineering and infrastructure design; Inventor and Fusion for product design and manufacturing; and Maya, 3ds Max and Arnold for media and entertainment production.