3,627 Autodesk, Inc. $ADSK Shares Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC reduced its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 6.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,916 shares of the software company’s stock after selling 3,627 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Autodesk were worth $11,686,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ADSK. BlackRock Inc. purchased a new stake in Autodesk in the 2nd quarter valued at about $4,828,855,000. State Street Corp raised its stake in Autodesk by 2.9% in the second quarter. State Street Corp now owns 10,268,172 shares of the software company’s stock worth $1,996,338,000 after buying an additional 284,621 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Autodesk by 5.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,144,627 shares of the software company’s stock worth $752,824,000 after purchasing an additional 155,255 shares during the last quarter. Bank of America Corp DE bought a new stake in Autodesk during the second quarter valued at about $576,727,000. Finally, Pictet Asset Management Holding SA boosted its position in Autodesk by 30.6% during the second quarter. Pictet Asset Management Holding SA now owns 2,746,643 shares of the software company’s stock valued at $534,014,000 after purchasing an additional 643,267 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.

Autodesk Trading Up 0.7%

Shares of ADSK stock traded up $1.69 during trading on Friday, hitting $235.28. 549,412 shares of the stock traded hands, compared to its average volume of 2,304,258. The firm has a market capitalization of $49.17 billion, a P/E ratio of 30.44, a price-to-earnings-growth ratio of 1.56 and a beta of 1.33. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.86 and a quick ratio of 0.86. The firm’s fifty day moving average price is $233.13 and its 200-day moving average price is $228.00. Autodesk, Inc. has a 52-week low of $185.50 and a 52-week high of $320.00.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, August 27th. The software company reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.12 by $0.18. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.01 billion. Autodesk had a return on equity of 58.63% and a net margin of 21.08%.The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.62 earnings per share. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. As a group, research analysts forecast that Autodesk, Inc. will post 9.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Wall Street Zen lowered shares of Autodesk from a “buy” rating to a “hold” rating in a report on Monday, September 14th. Berenberg Bank set a $333.00 price objective on shares of Autodesk in a report on Tuesday, September 1st. Weiss Ratings raised Autodesk from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday. The Goldman Sachs Group raised shares of Autodesk from a “hold” rating to an “outperform” rating and set a $265.00 target price on the stock in a research note on Thursday, September 17th. Finally, Cantor Fitzgerald assumed coverage on Autodesk in a research report on Monday, September 14th. They set a “neutral” rating and a $215.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have assigned 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 $316.84.

Autodesk Company Profile

Autodesk, Inc develops software and cloud-based services for people and organizations involved in architecture, engineering, construction, manufacturing, media and entertainment, and other design-related industries. Its tools help customers create, visualize, simulate and manage digital models and workflows throughout the product and building lifecycle.

The company’s products include AutoCAD for computer-aided design; Revit for building information modeling; Civil 3D for civil engineering and infrastructure design; Inventor and Fusion for product design and manufacturing; and Maya, 3ds Max and Arnold for media and entertainment production.