Short Interest in Autodesk, Inc. (NASDAQ:ADSK) Decreases By 14.5%

Autodesk, Inc. (NASDAQ:ADSK) was the recipient of a large drop in short interest in January. As of January 30th, there was short interest totaling 4,693,099 shares, a drop of 14.5% from the January 15th total of 5,490,728 shares. Based on an average trading volume of 2,304,880 shares, the short-interest ratio is currently 2.0 days. Currently, 2.2% of the company’s shares are sold short. Currently, 2.2% of the company’s shares are sold short. Based on an average trading volume of 2,304,880 shares, the short-interest ratio is currently 2.0 days.

Autodesk Price Performance

Shares of ADSK opened at $231.22 on Tuesday. The business’s fifty day moving average is $273.54 and its 200 day moving average is $294.07. Autodesk has a 12-month low of $216.01 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 stock has a market cap of $49.02 billion, a P/E ratio of 44.81, a P/E/G ratio of 1.62 and a beta of 1.45.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Tuesday, November 25th. The software company reported $2.67 EPS for the quarter, beating analysts’ consensus estimates of $2.50 by $0.17. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the business posted $2.17 EPS. Autodesk’s quarterly revenue 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. Sell-side analysts anticipate that Autodesk will post 5.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Autodesk

Several large investors have recently added to or reduced their stakes in the business. Oarsman Capital Inc. raised its stake in shares of Autodesk by 24.2% in the fourth quarter. Oarsman Capital Inc. now owns 1,398 shares of the software company’s stock worth $414,000 after purchasing an additional 272 shares during the last quarter. Silvant Capital Management LLC raised its position in Autodesk by 0.3% in the 4th quarter. Silvant Capital Management LLC now owns 111,913 shares of the software company’s stock valued at $33,127,000 after buying an additional 313 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its position in Autodesk by 11.5% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,405 shares of the software company’s stock valued at $416,000 after buying an additional 145 shares during the last quarter. Twin City Private Wealth LLC lifted its stake in Autodesk by 5.8% during the 4th quarter. Twin City Private Wealth LLC now owns 2,998 shares of the software company’s stock valued at $887,000 after acquiring an additional 164 shares in the last quarter. Finally, USS Investment Management Ltd boosted its holdings in Autodesk by 0.5% during the 4th quarter. USS Investment Management Ltd now owns 43,305 shares of the software company’s stock worth $12,822,000 after acquiring an additional 234 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on ADSK. Macquarie Infrastructure raised their target price on Autodesk from $380.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. Piper Sandler restated an “overweight” rating on shares of Autodesk in a report on Tuesday, January 13th. Bank of America lifted their price objective on shares of Autodesk from $360.00 to $365.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Citigroup boosted their target price on shares of Autodesk from $370.00 to $382.00 and gave the company a “buy” rating in a research report on Friday, November 28th. Finally, Rothschild & Co Redburn set a $375.00 price target on shares of Autodesk in a report on Friday, January 9th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and an average target price of $367.61.

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.