Swiss National Bank Decreases Holdings in Autodesk, Inc. $ADSK

Swiss National Bank lowered its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 4.3% in the third quarter, Holdings Channel reports. The firm owned 616,900 shares of the software company’s stock after selling 27,900 shares during the period. Swiss National Bank’s holdings in Autodesk were worth $195,971,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ADSK. Proffitt & Goodson Inc. purchased a new stake in Autodesk during the 3rd quarter worth approximately $27,000. Heartwood Wealth Advisors LLC acquired a new stake in shares of Autodesk in the third quarter worth approximately $28,000. Tripletail Wealth Management LLC purchased a new stake in shares of Autodesk during the third quarter worth approximately $29,000. Financial Consulate Inc. acquired a new position in Autodesk in the 3rd quarter valued at $32,000. Finally, Salomon & Ludwin LLC lifted its holdings in Autodesk by 1,275.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 110 shares of the software company’s stock valued at $35,000 after purchasing an additional 102 shares in the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ADSK has been the subject of a number of recent research reports. Oppenheimer reduced their target price on shares of Autodesk from $375.00 to $325.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Robert W. Baird increased their price objective on shares of Autodesk from $367.00 to $377.00 and gave the company an “outperform” rating in a report on Wednesday, November 26th. Rothschild & Co Redburn set a $375.00 target price on Autodesk in a report on Friday, January 9th. BMO Capital Markets cut their price target on Autodesk from $343.00 to $279.00 and set a “market perform” rating for the company in a report on Monday, March 2nd. Finally, Royal Bank Of Canada reduced their price objective on Autodesk from $340.00 to $335.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $341.96.

Autodesk Stock Down 0.1%

Shares of NASDAQ ADSK opened at $260.75 on Tuesday. The company has a 50 day simple moving average of $256.00 and a 200-day simple moving average of $288.67. The company has a market capitalization of $55.02 billion, a P/E ratio of 49.76, a P/E/G ratio of 1.73 and a beta of 1.45. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.85. Autodesk, Inc. has a 1 year low of $215.01 and a 1 year high of $329.09.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, February 26th. The software company reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.64 by $0.21. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.The firm’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.29 earnings per share. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. On average, equities research analysts predict that Autodesk, Inc. will post 5.76 earnings per share 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.