Autodesk, Inc. $ADSK Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. lessened its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 58.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,364 shares of the software company’s stock after selling 6,155 shares during the period. Edgestream Partners L.P.’s holdings in Autodesk were worth $1,351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Autodesk during the 2nd quarter valued at about $777,202,000. Nuveen LLC acquired a new stake in Autodesk during the first quarter worth about $278,383,000. T. Rowe Price Investment Management Inc. raised its position in Autodesk by 44.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,318,319 shares of the software company’s stock valued at $868,736,000 after acquiring an additional 1,016,187 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Autodesk by 15.1% in the second quarter. Geode Capital Management LLC now owns 5,606,264 shares of the software company’s stock valued at $1,730,415,000 after acquiring an additional 734,449 shares during the period. Finally, AQR Capital Management LLC boosted its position in Autodesk by 336.7% in the 1st quarter. AQR Capital Management LLC now owns 572,701 shares of the software company’s stock worth $147,339,000 after purchasing an additional 441,571 shares in the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Autodesk

In other Autodesk news, Director Ayanna Howard sold 917 shares of the firm’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $325.00, for a total value of $298,025.00. Following the completion of the sale, the director directly owned 3,476 shares of the company’s stock, valued at $1,129,700. This trade represents a 20.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.15% of the stock is currently owned by insiders.

Autodesk Price Performance

Shares of Autodesk stock opened at $306.74 on Friday. The stock has a market capitalization of $65.03 billion, a P/E ratio of 59.45, a PEG ratio of 2.48 and a beta of 1.47. Autodesk, Inc. has a 12 month low of $232.67 and a 12 month high of $329.09. The business has a 50 day simple moving average of $304.59 and a two-hundred day simple moving average of $303.27. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.82 and a quick ratio of 0.82.

Autodesk (NASDAQ:ADSK) last released its earnings results on Tuesday, November 25th. The software company reported $2.67 earnings per share for the quarter, topping analysts’ consensus estimates of $2.50 by $0.17. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.81 billion. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. The business’s revenue was up 18.0% on a year-over-year basis. During the same period last year, the company posted $2.17 EPS. 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, analysts predict that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ADSK has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft raised shares of Autodesk from a “hold” rating to a “buy” rating and lifted their target price for the company from $345.00 to $375.00 in a report on Wednesday, November 26th. Hsbc Global Res upgraded shares of Autodesk from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Royal Bank Of Canada reiterated an “outperform” rating and issued a $380.00 price objective on shares of Autodesk in a research report on Monday, October 6th. Mizuho raised their target price on Autodesk from $350.00 to $375.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Finally, UBS Group restated a “buy” rating and issued a $400.00 price target on shares of Autodesk in a research note on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $366.16.

Autodesk Company Profile

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.