Autodesk, Inc. $ADSK Stock Position Cut by Marathon Asset Management Ltd

Marathon Asset Management Ltd trimmed its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 27.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,295 shares of the software company’s stock after selling 37,245 shares during the quarter. Marathon Asset Management Ltd’s holdings in Autodesk were worth $31,860,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Autodesk by 0.9% during the second quarter. Vanguard Group Inc. now owns 20,963,515 shares of the software company’s stock worth $6,489,675,000 after purchasing an additional 180,596 shares in the last quarter. State Street Corp boosted its stake in Autodesk by 1.8% during the 2nd quarter. State Street Corp now owns 10,086,995 shares of the software company’s stock valued at $3,122,631,000 after purchasing an additional 174,247 shares in the last quarter. Loomis Sayles & Co. L P increased its position in shares of Autodesk by 1.5% during the 2nd quarter. Loomis Sayles & Co. L P now owns 5,831,447 shares of the software company’s stock valued at $1,805,241,000 after purchasing an additional 88,066 shares during the period. Geode Capital Management LLC raised its stake in shares of Autodesk by 15.1% in the 2nd quarter. Geode Capital Management LLC now owns 5,606,264 shares of the software company’s stock worth $1,730,415,000 after buying an additional 734,449 shares in the last quarter. Finally, Ninety One UK Ltd raised its stake in shares of Autodesk by 3.7% in the 2nd quarter. Ninety One UK Ltd now owns 5,338,125 shares of the software company’s stock worth $1,652,523,000 after buying an additional 191,448 shares in the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ADSK has been the subject of several research reports. KeyCorp reaffirmed an “overweight” rating on shares of Autodesk in a research note on Tuesday, December 16th. BTIG Research assumed coverage on shares of Autodesk in a report on Tuesday, December 16th. They issued a “buy” rating and a $365.00 price target for the company. Wolfe Research raised their price objective on shares of Autodesk from $370.00 to $390.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Macquarie lifted their price objective on shares of Autodesk from $380.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $355.00 target price on shares of Autodesk in a report on Monday, November 24th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $369.59.

Autodesk Price Performance

NASDAQ ADSK opened at $300.71 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.86. Autodesk, Inc. has a 1 year low of $232.67 and a 1 year high of $329.09. The company has a market cap of $63.75 billion, a PE ratio of 58.28, a PEG ratio of 2.44 and a beta of 1.47. The stock’s 50-day moving average price is $300.48 and its two-hundred day moving average price is $303.52.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Tuesday, November 25th. The software company reported $2.67 EPS for the quarter, topping the consensus estimate of $2.50 by $0.17. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. The company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same period last year, the company posted $2.17 earnings per share. The business’s revenue for the quarter was up 18.0% on a year-over-year basis. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS and its Q4 2026 guidance at 2.590-2.67 EPS. On average, analysts predict that Autodesk, Inc. will post 5.76 EPS for the current year.

About Autodesk

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.