Chevy Chase Trust Holdings LLC Reduces Position in Autodesk, Inc. $ADSK

Chevy Chase Trust Holdings LLC lowered its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 3.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,755 shares of the software company’s stock after selling 3,792 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of Autodesk worth $34,866,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Patron Partners LLC boosted its position in shares of Autodesk by 0.8% during the 3rd quarter. Patron Partners LLC now owns 4,295 shares of the software company’s stock worth $1,364,000 after acquiring an additional 35 shares in the last quarter. Fulton Bank N.A. raised its position in shares of Autodesk by 4.6% during the 3rd quarter. Fulton Bank N.A. now owns 812 shares of the software company’s stock worth $258,000 after acquiring an additional 36 shares in the last quarter. Catalyst Financial Partners LLC lifted its stake in Autodesk by 3.8% during the third quarter. Catalyst Financial Partners LLC now owns 1,023 shares of the software company’s stock worth $325,000 after purchasing an additional 37 shares during the last quarter. Beacon Financial Group lifted its stake in Autodesk by 3.4% during the third quarter. Beacon Financial Group now owns 1,168 shares of the software company’s stock worth $371,000 after purchasing an additional 38 shares during the last quarter. Finally, Sky Investment Group LLC boosted its holdings in Autodesk by 0.5% in the third quarter. Sky Investment Group LLC now owns 7,998 shares of the software company’s stock valued at $2,541,000 after purchasing an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analysts Set New Price Targets

ADSK has been the subject of several research analyst reports. Morgan Stanley lowered their target price on shares of Autodesk from $385.00 to $350.00 and set an “overweight” rating for the company in a report on Monday, February 23rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Autodesk in a research report on Wednesday, January 21st. Robert W. Baird upped their price objective on shares of Autodesk from $367.00 to $377.00 and gave the company an “outperform” rating in a research note on Wednesday, November 26th. Wolfe Research raised their price objective on Autodesk from $330.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Finally, The Goldman Sachs Group lifted their target price on Autodesk from $320.00 to $330.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $341.96.

Autodesk Trading Up 0.5%

Shares of Autodesk stock opened at $251.17 on Monday. Autodesk, Inc. has a 1 year low of $215.01 and a 1 year high of $329.09. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.85. The business has a 50 day moving average price of $252.57 and a 200 day moving average price of $287.70. The company has a market capitalization of $53.00 billion, a P/E ratio of 47.93, a P/E/G ratio of 1.66 and a beta of 1.45.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, February 26th. The software company reported $2.85 EPS for the quarter, topping analysts’ consensus estimates of $2.64 by $0.21. The firm had revenue of $1.96 billion during 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% compared to the same quarter last year. During the same quarter last year, the business posted $2.29 EPS. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. Sell-side analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current fiscal 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.