Autodesk, Inc. $ADSK Shares Sold by One Wealth Capital Management LLC

One Wealth Capital Management LLC reduced its stake in Autodesk, Inc. (NASDAQ:ADSK) by 81.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,347 shares of the software company’s stock after selling 5,822 shares during the period. One Wealth Capital Management LLC’s holdings in Autodesk were worth $282,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Ascentis Independent Advisors acquired a new position in shares of Autodesk in the first quarter valued at about $28,000. Johnson Financial Group Inc. acquired a new position in shares of Autodesk during the 2nd quarter worth $30,000. Avalon Trust Co lifted its holdings in shares of Autodesk by 97.8% in the first quarter. Avalon Trust Co now owns 180 shares of the software company’s stock worth $43,000 after acquiring an additional 89 shares during the last quarter. Wellington Grp LLC lifted its stake in Autodesk by 873.7% in the 1st quarter. Wellington Grp LLC now owns 185 shares of the software company’s stock valued at $44,000 after purchasing an additional 166 shares during the last quarter. Finally, Community Financial Services Group LLC acquired a new stake in shares of Autodesk during the 2nd quarter valued at $37,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ADSK has been the topic of a number of research reports. DA Davidson set a $325.00 target price on shares of Autodesk in a report on Friday, August 28th. Rosenblatt Securities restated a “buy” rating and set a $330.00 price objective on shares of Autodesk in a research report on Monday, August 31st. Robert W. Baird lifted their price objective on Autodesk from $312.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, August 21st. BMO Capital Markets upped their target price on Autodesk from $262.00 to $283.00 and gave the company a “market perform” rating in a report on Friday, August 28th. Finally, New Street Research set a $277.00 target price on shares of Autodesk in a research report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $316.84.

Autodesk Price Performance

ADSK stock opened at $252.20 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.59. The firm has a market cap of $52.71 billion, a price-to-earnings ratio of 32.63, a PEG ratio of 1.67 and a beta of 1.33. The company’s fifty day simple moving average is $232.12 and its 200 day simple moving average is $228.31. Autodesk, Inc. has a 12-month low of $185.50 and a 12-month high of $320.00.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.12 by $0.18. Autodesk had a return on equity of 58.63% and a net margin of 21.08%. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period last year, the business posted $2.62 EPS. The business’s revenue was up 16.1% compared to the same quarter last year. 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, analysts expect that Autodesk, Inc. will post 9.70 earnings per share for the current year.

Autodesk Company Profile

Autodesk, Inc develops software and cloud-based services for the architecture, engineering, construction, manufacturing, media and entertainment industries. Its products help customers design, visualize, simulate and manage projects, products and digital content throughout their lifecycles.

The company’s portfolio includes 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 and 3ds Max for animation, modeling and visual effects.