Burney Co. Sells 18,024 Shares of Autodesk, Inc. $ADSK

Burney Co. reduced its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 20.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 70,753 shares of the software company’s stock after selling 18,024 shares during the quarter. Autodesk comprises 0.7% of Burney Co.’s holdings, making the stock its 27th biggest position. Burney Co.’s holdings in Autodesk were worth $22,476,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in ADSK. Blue Trust Inc. lifted its holdings in Autodesk by 14.0% in the third quarter. Blue Trust Inc. now owns 1,309 shares of the software company’s stock valued at $416,000 after buying an additional 161 shares during the period. Avanza Fonder AB raised its position in shares of Autodesk by 9.6% during the 3rd quarter. Avanza Fonder AB now owns 22,440 shares of the software company’s stock valued at $7,129,000 after acquiring an additional 1,971 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Autodesk by 8.8% during the 3rd quarter. Pacer Advisors Inc. now owns 114,292 shares of the software company’s stock valued at $36,307,000 after acquiring an additional 9,228 shares during the last quarter. Blue Zone Wealth Advisors LLC acquired a new position in shares of Autodesk in the 3rd quarter valued at $203,000. Finally, Norden Group LLC boosted its position in shares of Autodesk by 14.4% in the 3rd quarter. Norden Group LLC now owns 4,952 shares of the software company’s stock worth $1,573,000 after purchasing an additional 625 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Price Performance

NASDAQ ADSK opened at $300.71 on Friday. 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 cap of $63.75 billion, a price-to-earnings ratio of 58.28, a PEG ratio of 2.42 and a beta of 1.47. The business has a 50 day simple moving average of $300.48 and a 200 day simple moving average of $303.43. Autodesk, Inc. has a 52-week low of $232.67 and a 52-week high of $329.09.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Tuesday, November 25th. The software company reported $2.67 earnings per share 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 company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the prior year, the company earned $2.17 earnings per share. The business’s quarterly revenue 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. Analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

ADSK has been the subject of a number of recent analyst reports. KeyCorp reiterated an “overweight” rating on shares of Autodesk in a report on Tuesday, December 16th. Piper Sandler upped their price target on Autodesk from $361.00 to $373.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. BMO Capital Markets increased their price target on shares of Autodesk from $333.00 to $343.00 and gave the company a “market perform” rating in a research report on Wednesday, November 26th. Weiss Ratings reissued a “hold (c+)” rating on shares of Autodesk in a research note on Wednesday, October 8th. Finally, BTIG Research began coverage on shares of Autodesk in a report on Tuesday, December 16th. They set a “buy” rating and a $365.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $369.59.

Insider Transactions at Autodesk

In other Autodesk news, Director Ayanna Howard sold 917 shares of the stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $325.00, for a total transaction of $298,025.00. Following the completion of the transaction, the director owned 3,476 shares in the company, valued at approximately $1,129,700. This represents a 20.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.15% of the company’s stock.

Autodesk Company 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.