Autodesk, Inc. $ADSK Shares Sold by Truist Financial Corp

Truist Financial Corp cut its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 3.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 136,390 shares of the software company’s stock after selling 4,486 shares during the period. Truist Financial Corp owned about 0.06% of Autodesk worth $43,327,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of ADSK. AGP Franklin LLC acquired a new stake in Autodesk in the 3rd quarter valued at about $455,000. Pines Wealth Management LLC increased its holdings in shares of Autodesk by 41.6% in the third quarter. Pines Wealth Management LLC now owns 919 shares of the software company’s stock valued at $292,000 after purchasing an additional 270 shares during the last quarter. J. Safra Sarasin Holding AG boosted its stake in Autodesk by 6.7% during the third quarter. J. Safra Sarasin Holding AG now owns 118,050 shares of the software company’s stock worth $37,501,000 after buying an additional 7,417 shares during the last quarter. Phoenix Financial Ltd. grew its holdings in Autodesk by 630.1% in the 3rd quarter. Phoenix Financial Ltd. now owns 11,368 shares of the software company’s stock valued at $3,611,000 after buying an additional 9,811 shares in the last quarter. Finally, Paragon Private Wealth Management LLC boosted its position in shares of Autodesk by 26.8% during the 3rd quarter. Paragon Private Wealth Management LLC now owns 1,021 shares of the software company’s stock valued at $324,000 after acquiring an additional 216 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Down 4.7%

ADSK stock opened at $255.68 on Friday. Autodesk, Inc. has a one year low of $232.67 and a one year high of $329.09. The company has a 50 day moving average price of $288.38 and a two-hundred day moving average price of $299.08. 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 has a market capitalization of $54.20 billion, a P/E ratio of 49.55, a PEG ratio of 2.18 and a beta of 1.46.

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

Analysts Set New Price Targets

Several analysts recently issued reports on ADSK shares. Citigroup boosted their price objective on shares of Autodesk from $370.00 to $382.00 and gave the company a “buy” rating in a report on Friday, November 28th. Deutsche Bank Aktiengesellschaft raised shares of Autodesk from a “hold” rating to a “buy” rating and boosted their price target for the company from $345.00 to $375.00 in a research note on Wednesday, November 26th. Rothschild & Co Redburn started coverage on shares of Autodesk in a report on Friday, January 9th. They issued a “buy” rating and a $375.00 target price for the company. Barclays lifted their target price on Autodesk from $385.00 to $390.00 and gave the company an “overweight” rating in a research report on Wednesday, November 26th. Finally, Robert W. Baird boosted their target price on Autodesk from $367.00 to $377.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $369.97.

Autodesk Profile

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.