20,226 Autodesk, Inc. $ADSK Shares Sold by Investment House LLC

Investment House LLC reduced its stake in Autodesk, Inc. (NASDAQ:ADSK) by 32.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 42,513 shares of the software company’s stock after selling 20,226 shares during the quarter. Investment House LLC’s holdings in Autodesk were worth $8,885,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in Autodesk during the second quarter worth $4,828,855,000. State Street Corp increased its holdings in Autodesk by 2.9% in the second quarter. State Street Corp now owns 10,268,172 shares of the software company’s stock valued at $1,996,338,000 after buying an additional 284,621 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Autodesk by 5.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,144,627 shares of the software company’s stock valued at $752,824,000 after buying an additional 155,255 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of Autodesk in the second quarter worth about $576,727,000. Finally, Pictet Asset Management Holding SA raised its position in shares of Autodesk by 30.6% in the second quarter. Pictet Asset Management Holding SA now owns 2,746,643 shares of the software company’s stock worth $534,014,000 after acquiring an additional 643,267 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ADSK has been the topic of several recent analyst reports. Weiss Ratings raised shares of Autodesk from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, October 6th. Royal Bank Of Canada restated an “outperform” rating and issued a $305.00 price target on shares of Autodesk in a research note on Thursday, September 17th. Berenberg Bank set a $333.00 price target on Autodesk in a report on Tuesday, September 1st. Piper Sandler assumed coverage on Autodesk in a research report on Monday, September 28th. They set an “overweight” rating and a $300.00 price target on the stock. Finally, UBS Group restated a “buy” rating on shares of Autodesk in a research report on Thursday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $316.84.

Autodesk Stock Performance

ADSK opened at $254.95 on Friday. The firm’s fifty day simple moving average is $232.11 and its two-hundred day simple moving average is $228.14. Autodesk, Inc. has a 52-week low of $185.50 and a 52-week high of $320.00. The company has a market cap of $53.28 billion, a price-to-earnings ratio of 32.98, a PEG ratio of 1.62 and a beta of 1.33. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.59.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, August 27th. The software company reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $3.12 by $0.18. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the previous year, the company earned $2.62 earnings per share. The company’s quarterly revenue 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. Equities analysts anticipate that Autodesk, Inc. will post 9.70 earnings per share for the current fiscal year.

About Autodesk

Autodesk, Inc develops software and cloud-based services for the architecture, engineering, construction, manufacturing, media and entertainment industries. Its products help customers design, visualize, simulate and manage projects, products and digital content throughout their lifecycles.

The company’s portfolio includes 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 and 3ds Max for animation, modeling and visual effects.