Autodesk, Inc. $ADSK Stake Cut by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd reduced its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 25.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,300 shares of the software company’s stock after selling 24,437 shares during the period. AustralianSuper Pty Ltd’s holdings in Autodesk were worth $22,650,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ADSK. Proffitt & Goodson Inc. purchased a new stake in shares of Autodesk in the third quarter worth approximately $27,000. Heartwood Wealth Advisors LLC acquired a new position in Autodesk in the 3rd quarter valued at approximately $28,000. Tripletail Wealth Management LLC purchased a new stake in Autodesk in the 3rd quarter worth approximately $29,000. Access Investment Management LLC purchased a new stake in Autodesk in the 2nd quarter worth approximately $28,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Autodesk by 67.8% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 99 shares of the software company’s stock valued at $31,000 after buying an additional 40 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ADSK shares. Bank of America increased their price objective on Autodesk from $360.00 to $365.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Autodesk in a research note on Wednesday, January 21st. Barclays boosted their price target on Autodesk from $385.00 to $390.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $380.00 price objective on shares of Autodesk in a research report on Monday, October 6th. Finally, Robert W. Baird lifted their target price on shares of Autodesk from $367.00 to $377.00 and gave the company an “outperform” rating in a research note on Wednesday, November 26th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Autodesk currently has a consensus rating of “Moderate Buy” and a consensus target price of $369.97.

Autodesk Trading Down 4.7%

Shares of ADSK stock opened at $255.68 on Friday. Autodesk, Inc. has a 12 month low of $232.67 and a 12 month high of $329.09. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.86. The business’s 50 day moving average is $288.38 and its two-hundred day moving average is $299.08. The company has a market cap of $54.20 billion, a PE ratio of 49.55, a price-to-earnings-growth ratio of 2.18 and a beta of 1.46.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Tuesday, November 25th. The software company reported $2.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.50 by $0.17. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.81 billion. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. Autodesk’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.17 EPS. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS and its Q4 2026 guidance at 2.590-2.67 EPS. Equities 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.