Envestnet Asset Management Inc. Sells 25,671 Shares of Autodesk, Inc. $ADSK

Envestnet Asset Management Inc. lessened its position in Autodesk, Inc. (NASDAQ:ADSK) by 4.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 572,080 shares of the software company’s stock after selling 25,671 shares during the period. Envestnet Asset Management Inc.’s holdings in Autodesk were worth $181,733,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new position in Autodesk in the 2nd quarter valued at approximately $777,202,000. Rakuten Investment Management Inc. acquired a new position in Autodesk in the 3rd quarter valued at approximately $268,649,000. Geode Capital Management LLC raised its stake 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 during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Autodesk by 18.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,544,520 shares of the software company’s stock worth $1,125,988,000 after purchasing an additional 564,136 shares during the period. Finally, Vontobel Holding Ltd. grew its stake in shares of Autodesk by 254.2% in the third quarter. Vontobel Holding Ltd. now owns 676,701 shares of the software company’s stock worth $214,968,000 after purchasing an additional 485,661 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on ADSK shares. Macquarie lifted their target price on Autodesk from $380.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, November 26th. JPMorgan Chase & Co. raised Autodesk from a “neutral” rating to an “overweight” rating and set a $319.00 price objective on the stock in a research note on Monday. KeyCorp reiterated an “overweight” rating on shares of Autodesk in a report on Tuesday, December 16th. UBS Group restated a “buy” rating and set a $400.00 price target on shares of Autodesk in a report on Wednesday, November 26th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $355.00 price objective on shares of Autodesk in a research note on Monday, November 24th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $369.24.

Autodesk Price Performance

Autodesk stock opened at $238.06 on Friday. The stock has a market capitalization of $50.47 billion, a price-to-earnings ratio of 46.14, a PEG ratio of 1.70 and a beta of 1.45. Autodesk, Inc. has a 52-week low of $232.67 and a 52-week high of $329.09. 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 $283.43 and its two-hundred day moving average price is $297.47.

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

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.