Bank of New York Mellon Corp Cuts Stock Position in Autodesk, Inc. $ADSK

Bank of New York Mellon Corp cut its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 4.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,303,872 shares of the software company’s stock after selling 58,516 shares during the quarter. Bank of New York Mellon Corp’s holdings in Autodesk were worth $414,201,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Proffitt & Goodson Inc. bought a new position in Autodesk during the third quarter valued at approximately $27,000. Access Investment Management LLC purchased a new stake in shares of Autodesk in the 2nd quarter valued at $28,000. Heartwood Wealth Advisors LLC bought a new position in shares of Autodesk during the 3rd quarter valued at $28,000. Tripletail Wealth Management LLC bought a new position in shares of Autodesk during the 3rd quarter valued at $29,000. Finally, Hilltop National Bank purchased a new position in Autodesk in the 2nd quarter worth $31,000. Institutional investors own 90.24% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Wells Fargo & Company raised their price objective on Autodesk from $375.00 to $380.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. Weiss Ratings restated a “hold (c+)” rating on shares of Autodesk in a report on Wednesday, January 21st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $355.00 price target on shares of Autodesk in a research note on Monday, November 24th. KeyCorp reissued an “overweight” rating on shares of Autodesk in a research note on Tuesday, December 16th. Finally, Barclays raised their target price on shares of Autodesk from $385.00 to $390.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $369.97.

Autodesk Stock Down 4.7%

Shares of Autodesk stock opened at $255.68 on Friday. 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 12-month low of $232.67 and a 12-month high of $329.09. The company has a market cap of $54.20 billion, a P/E ratio of 49.55, a PEG ratio of 2.18 and a beta of 1.46. The company’s fifty day simple moving average is $288.38 and its two-hundred day simple moving average is $299.08.

Autodesk (NASDAQ:ADSK) last posted 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 firm 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 EPS. The company’s quarterly revenue was up 18.0% compared to the same quarter last year. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS and its Q4 2026 guidance at 2.590-2.67 EPS. Research analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current year.

Autodesk Company 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.