Parnassus Investments LLC Sells 10,059 Shares of Autodesk, Inc. $ADSK

Parnassus Investments LLC lowered its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 3.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 304,643 shares of the software company’s stock after selling 10,059 shares during the quarter. Parnassus Investments LLC’s holdings in Autodesk were worth $96,776,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of ADSK. Flaharty Asset Management LLC acquired a new position in Autodesk in the first quarter worth about $27,000. Proffitt & Goodson Inc. acquired a new stake in shares of Autodesk during the third quarter worth approximately $27,000. Access Investment Management LLC bought a new position in shares of Autodesk in the second quarter worth about $28,000. Heartwood Wealth Advisors LLC acquired a new stake in shares of Autodesk in the third quarter valued at approximately $28,000. Finally, Tripletail Wealth Management LLC acquired a new position in Autodesk during the 3rd quarter worth $29,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Trading Down 0.2%

NASDAQ ADSK opened at $276.02 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.82 and a current ratio of 0.82. The stock’s 50 day moving average price is $297.17 and its two-hundred day moving average price is $303.00. The stock has a market capitalization of $58.52 billion, a price-to-earnings ratio of 53.49, a PEG ratio of 2.25 and a beta of 1.46. Autodesk, Inc. has a 52 week low of $232.67 and a 52 week high of $329.09.

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

Analyst Ratings Changes

ADSK has been the subject of several research reports. Royal Bank Of Canada reissued an “outperform” rating and issued a $380.00 target price on shares of Autodesk in a research note on Monday, October 6th. Deutsche Bank Aktiengesellschaft upgraded Autodesk from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $345.00 to $375.00 in a research report on Wednesday, November 26th. Macquarie upped their target price on shares of Autodesk from $380.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. KeyCorp reaffirmed an “overweight” rating on shares of Autodesk in a research note on Tuesday, December 16th. Finally, BMO Capital Markets increased their price objective on shares of Autodesk from $333.00 to $343.00 and gave the company a “market perform” rating in a report on Wednesday, November 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $369.97.

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.