Shell Asset Management Co. Lowers Holdings in Autodesk, Inc. $ADSK

Shell Asset Management Co. lessened its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 69.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,619 shares of the software company’s stock after selling 10,666 shares during the quarter. Shell Asset Management Co.’s holdings in Autodesk were worth $1,467,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Bridgewater Advisors Inc. grew its stake in Autodesk by 2.2% during the second quarter. Bridgewater Advisors Inc. now owns 1,567 shares of the software company’s stock valued at $474,000 after acquiring an additional 34 shares in the last quarter. Clarity Wealth Advisors LLC boosted its holdings in shares of Autodesk by 2.3% during the 2nd quarter. Clarity Wealth Advisors LLC now owns 1,535 shares of the software company’s stock valued at $475,000 after purchasing an additional 35 shares during the last quarter. Patron Partners LLC grew its position in shares of Autodesk by 0.8% during the third quarter. Patron Partners LLC now owns 4,295 shares of the software company’s stock valued at $1,364,000 after purchasing an additional 35 shares in the last quarter. Fulton Bank N.A. increased its holdings in shares of Autodesk by 4.6% in the third quarter. Fulton Bank N.A. now owns 812 shares of the software company’s stock worth $258,000 after purchasing an additional 36 shares during the last quarter. Finally, Wedbush Securities Inc. increased its holdings in shares of Autodesk by 2.6% in the second quarter. Wedbush Securities Inc. now owns 1,484 shares of the software company’s stock worth $459,000 after purchasing an additional 37 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

Autodesk stock opened at $231.22 on Monday. Autodesk, Inc. has a 12-month low of $216.01 and a 12-month high of $329.09. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.86. The firm has a 50-day moving average price of $274.94 and a 200-day moving average price of $294.58. The firm has a market capitalization of $49.02 billion, a PE ratio of 44.81, a price-to-earnings-growth ratio of 1.62 and a beta of 1.45.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Tuesday, November 25th. The software company reported $2.67 earnings per share for the quarter, topping 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 company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the company posted $2.17 EPS. The firm’s revenue for the quarter 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. As a group, equities research analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ADSK shares. Rosenblatt Securities restated a “buy” rating and set a $355.00 price target on shares of Autodesk in a report on Monday, November 24th. Arete Research raised their target price on shares of Autodesk from $430.00 to $460.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Macquarie Infrastructure upped their price target on shares of Autodesk from $380.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, November 26th. Royal Bank Of Canada restated an “outperform” rating and issued a $340.00 target price on shares of Autodesk in a report on Wednesday. Finally, The Goldman Sachs Group upped their target price on shares of Autodesk from $320.00 to $330.00 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Autodesk currently has an average rating of “Moderate Buy” and a consensus price target of $367.61.

Autodesk 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.