Burney Co. Sells 18,024 Shares of Autodesk, Inc. $ADSK

Burney Co. reduced its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 20.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 70,753 shares of the software company’s stock after selling 18,024 shares during the period. Autodesk makes up approximately 0.7% of Burney Co.’s portfolio, making the stock its 27th largest position. Burney Co.’s holdings in Autodesk were worth $22,476,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Flaharty Asset Management LLC acquired a new position in Autodesk during the first quarter worth $27,000. Access Investment Management LLC bought a new stake in Autodesk during the 2nd quarter worth about $28,000. Heartwood Wealth Advisors LLC bought a new stake in Autodesk during the 3rd quarter worth about $28,000. Livelsberger Financial Advisory acquired a new position in shares of Autodesk during the 2nd quarter worth about $31,000. Finally, Hilltop National Bank bought a new position in shares of Autodesk in the 2nd quarter valued at about $31,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded Autodesk from a “hold” rating to a “buy” rating and upped their target price for the stock from $345.00 to $375.00 in a report on Wednesday, November 26th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Autodesk in a research report on Wednesday, October 8th. The Goldman Sachs Group upped their price objective on Autodesk from $320.00 to $330.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. BMO Capital Markets raised their target price on shares of Autodesk from $333.00 to $343.00 and gave the company a “market perform” rating in a research note on Wednesday, November 26th. Finally, Piper Sandler boosted their target price on shares of Autodesk from $361.00 to $373.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $369.59.

Autodesk Stock Up 0.8%

ADSK opened at $300.71 on Friday. Autodesk, Inc. has a 1-year low of $232.67 and a 1-year high of $329.09. The stock’s fifty day simple moving average is $300.48 and its 200 day simple moving average is $303.43. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.86. The stock has a market cap of $63.75 billion, a PE ratio of 58.28, a price-to-earnings-growth ratio of 2.42 and a beta of 1.47.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data 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 firm had revenue of $1.85 billion during 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 company’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.17 earnings per share. 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, research analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Insiders Place Their Bets

In other Autodesk news, Director Ayanna Howard sold 917 shares of the stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $325.00, for a total value of $298,025.00. Following the transaction, the director directly owned 3,476 shares of the company’s stock, valued at $1,129,700. This represents a 20.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.15% of the stock is currently owned by corporate insiders.

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.