Autodesk, Inc. $ADSK Stock: Ninety One North America Inc. Reduces Holdings

Ninety One North America Inc. decreased its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 8.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 255,494 shares of the software company’s stock after selling 23,893 shares during the period. Autodesk comprises approximately 2.7% of Ninety One North America Inc.’s portfolio, making the stock its 9th largest position. Ninety One North America Inc.’s holdings in Autodesk were worth $53,398,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Triangle Securities Wealth Management boosted its holdings in Autodesk by 2.1% in the third quarter. Triangle Securities Wealth Management now owns 2,866 shares of the software company’s stock valued at $599,000 after purchasing an additional 60 shares during the period. Mather Group LLC. increased its holdings in Autodesk by 4.1% during the 3rd quarter. Mather Group LLC. now owns 1,174 shares of the software company’s stock worth $245,000 after purchasing an additional 46 shares during the period. First Citizens Bank & Trust Co. increased its holdings in Autodesk by 38.0% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 1,526 shares of the software company’s stock worth $319,000 after purchasing an additional 420 shares during the period. B. Riley Wealth Advisors Inc. increased its holdings in Autodesk by 43.5% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 4,162 shares of the software company’s stock worth $870,000 after purchasing an additional 1,262 shares during the period. Finally, Krilogy Financial LLC acquired a new stake in Autodesk in the 3rd quarter valued at about $199,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Stock Up 5.3%

NASDAQ:ADSK traded up $12.13 during trading hours on Thursday, hitting $243.28. The company’s stock had a trading volume of 1,147,911 shares, compared to its average volume of 2,291,229. The stock has a market capitalization of $50.84 billion, a P/E ratio of 31.50, a price-to-earnings-growth ratio of 1.53 and a beta of 1.33. The stock has a fifty day moving average of $232.82 and a 200-day moving average of $227.78. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.59. Autodesk, Inc. has a 52-week low of $185.50 and a 52-week high of $320.00.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.12 by $0.18. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Autodesk had a return on equity of 58.63% and a net margin of 21.08%. Autodesk’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period last year, the firm earned $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. On average, equities analysts forecast that Autodesk, Inc. will post 9.70 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Cantor Fitzgerald started coverage on Autodesk in a research note on Monday, September 14th. They issued a “neutral” rating and a $215.00 price objective for the company. DA Davidson set a $325.00 target price on shares of Autodesk in a research note on Friday, August 28th. Rosenblatt Securities restated a “buy” rating and set a $330.00 target price on shares of Autodesk in a research note on Monday, August 31st. Piper Sandler started coverage on shares of Autodesk in a report on Monday, September 28th. They issued an “overweight” rating and a $300.00 target price on the stock. Finally, Barclays reiterated an “overweight” rating on shares of Autodesk in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Autodesk currently has a consensus rating of “Moderate Buy” and a consensus price target 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.