Autodesk, Inc. $ADSK Shares Sold by Rathbones Group PLC

Rathbones Group PLC decreased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 3.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,266 shares of the software company’s stock after selling 2,148 shares during the quarter. Rathbones Group PLC’s holdings in Autodesk were worth $19,145,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ADSK. Brighton Jones LLC lifted its stake in shares of Autodesk by 14.5% in the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock valued at $343,000 after purchasing an additional 147 shares during the period. Sivia Capital Partners LLC grew its position in Autodesk by 98.1% during the second quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock valued at $765,000 after buying an additional 1,224 shares during the period. Schnieders Capital Management LLC. purchased a new position in Autodesk in the second quarter valued at $466,000. Golden State Wealth Management LLC raised its position in shares of Autodesk by 219.4% in the second quarter. Golden State Wealth Management LLC now owns 297 shares of the software company’s stock worth $92,000 after acquiring an additional 204 shares during the period. Finally, Texas Yale Capital Corp. acquired a new position in shares of Autodesk in the second quarter worth about $232,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Trading Down 1.2%

ADSK stock opened at $260.99 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.82. Autodesk, Inc. has a 12-month low of $215.01 and a 12-month high of $329.09. The stock has a market cap of $55.07 billion, a price-to-earnings ratio of 49.81, a PEG ratio of 1.73 and a beta of 1.45. The business’s 50-day moving average is $256.81 and its 200 day moving average is $288.85.

Autodesk (NASDAQ:ADSK) last announced its earnings results 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 business 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 business’s revenue was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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, sell-side analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ADSK. BTIG Research dropped their target price on Autodesk from $365.00 to $300.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Loop Capital lowered their price target on Autodesk from $320.00 to $250.00 and set a “hold” rating on the stock in a research report on Thursday, February 19th. Weiss Ratings reissued a “hold (c+)” rating on shares of Autodesk in a report on Wednesday, January 21st. Rosenblatt Securities cut their price objective on Autodesk from $375.00 to $330.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. Finally, HSBC reduced their target price on Autodesk from $388.00 to $379.00 and set a “buy” rating for the company in a research note on Friday, November 28th. One equities research analyst has 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $341.96.

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.