Autodesk, Inc. $ADSK Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P trimmed its position in Autodesk, Inc. (NASDAQ:ADSK) by 3.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 59,364 shares of the software company’s stock after selling 2,341 shares during the period. Martingale Asset Management L P’s holdings in Autodesk were worth $18,858,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in ADSK. Norges Bank purchased a new stake in shares of Autodesk in the second quarter worth $777,202,000. Rakuten Investment Management Inc. acquired a new position in Autodesk during the third quarter valued at approximately $268,649,000. Geode Capital Management LLC increased its holdings in shares of Autodesk by 15.1% during the second quarter. Geode Capital Management LLC now owns 5,606,264 shares of the software company’s stock valued at $1,730,415,000 after acquiring an additional 734,449 shares in the last quarter. First Trust Advisors LP raised its position in Autodesk by 197.1% during the 3rd quarter. First Trust Advisors LP now owns 910,768 shares of the software company’s stock valued at $289,324,000 after purchasing an additional 604,235 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Autodesk by 18.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,544,520 shares of the software company’s stock valued at $1,125,988,000 after purchasing an additional 564,136 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Performance

NASDAQ:ADSK opened at $249.89 on Friday. The firm’s fifty day moving average price is $253.28 and its 200 day moving average price is $287.89. Autodesk, Inc. has a 1-year low of $215.01 and a 1-year high of $329.09. The firm has a market cap of $52.73 billion, a price-to-earnings ratio of 47.69, a price-to-earnings-growth ratio of 1.67 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 (NASDAQ:ADSK) last released its earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.64 by $0.21. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the prior year, the company posted $2.29 earnings per share. Autodesk’s revenue was up 19.4% on a year-over-year basis. 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, sell-side analysts expect that Autodesk, Inc. will post 5.76 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on ADSK. HSBC decreased their target price on shares of Autodesk from $388.00 to $379.00 and set a “buy” rating for the company in a research report on Friday, November 28th. The Goldman Sachs Group boosted their price objective on Autodesk from $320.00 to $330.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Wolfe Research lifted their target price on shares of Autodesk from $330.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Robert W. Baird upped their target price on Autodesk from $367.00 to $377.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. Finally, BTIG Research dropped their price target on Autodesk from $365.00 to $300.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $341.96.

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.