Twin Capital Management Inc. Sells 2,466 Shares of Autodesk, Inc. $ADSK

Twin Capital Management Inc. reduced its position in Autodesk, Inc. (NASDAQ:ADSK) by 26.5% during the third quarter, Holdings Channel reports. The institutional investor owned 6,841 shares of the software company’s stock after selling 2,466 shares during the quarter. Twin Capital Management Inc.’s holdings in Autodesk were worth $2,173,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Norges Bank acquired a new stake in Autodesk in the second quarter valued at approximately $777,202,000. Rakuten Investment Management Inc. purchased a new stake in shares of Autodesk during the 3rd quarter valued at $268,649,000. Geode Capital Management LLC boosted its position 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 purchasing an additional 734,449 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Autodesk by 18.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,544,520 shares of the software company’s stock worth $1,125,988,000 after buying an additional 564,136 shares during the last quarter. Finally, Vontobel Holding Ltd. increased its position in Autodesk by 254.2% during the 3rd quarter. Vontobel Holding Ltd. now owns 676,701 shares of the software company’s stock valued at $214,968,000 after buying an additional 485,661 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Autodesk Trading Up 1.0%

Shares of Autodesk stock opened at $240.40 on Friday. The stock has a market cap of $50.96 billion, a PE ratio of 46.59, a price-to-earnings-growth ratio of 1.66 and a beta of 1.45. The firm has a fifty day moving average price of $282.18 and a 200 day moving average price of $297.09. Autodesk, Inc. has a 1 year low of $232.67 and a 1 year high of $329.09. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.82 and a quick ratio of 0.82.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Tuesday, November 25th. The software company reported $2.67 earnings per share for the quarter, topping the consensus estimate of $2.50 by $0.17. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.81 billion. Autodesk had a return on equity of 52.06% and a net margin of 16.09%.The firm’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period last 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 research analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Wall Street Analyst Weigh In

ADSK has been the subject of several recent analyst reports. Rosenblatt Securities reissued a “buy” rating and issued a $355.00 price target on shares of Autodesk in a report on Monday, November 24th. HSBC dropped their target price on shares of Autodesk from $388.00 to $379.00 and set a “buy” rating on the stock in a research report on Friday, November 28th. Wells Fargo & Company raised their price target on shares of Autodesk from $375.00 to $380.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. UBS Group reissued a “buy” rating and set a $400.00 price objective on shares of Autodesk in a report on Wednesday, November 26th. Finally, Robert W. Baird upped their target price on Autodesk from $367.00 to $377.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $369.04.

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.