Commonwealth Equity Services LLC Increases Stake in Autodesk, Inc. $ADSK

Commonwealth Equity Services LLC lifted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 13.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,752 shares of the software company’s stock after buying an additional 3,309 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Autodesk were worth $8,816,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Autodesk by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 20,963,515 shares of the software company’s stock valued at $6,489,675,000 after buying an additional 180,596 shares in the last quarter. State Street Corp boosted its position in shares of Autodesk by 1.8% in the second quarter. State Street Corp now owns 10,086,995 shares of the software company’s stock valued at $3,122,631,000 after acquiring an additional 174,247 shares during the period. Loomis Sayles & Co. L P grew its stake in Autodesk by 1.5% during the second quarter. Loomis Sayles & Co. L P now owns 5,831,447 shares of the software company’s stock valued at $1,805,241,000 after acquiring an additional 88,066 shares in the last quarter. Geode Capital Management LLC increased its holdings in Autodesk by 15.1% during the 2nd quarter. Geode Capital Management LLC now owns 5,606,264 shares of the software company’s stock worth $1,730,415,000 after acquiring an additional 734,449 shares during the period. Finally, Ninety One UK Ltd lifted its stake in Autodesk by 3.7% in the 2nd quarter. Ninety One UK Ltd now owns 5,338,125 shares of the software company’s stock worth $1,652,523,000 after purchasing an additional 191,448 shares in the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on ADSK shares. Citigroup upped their price target on shares of Autodesk from $370.00 to $382.00 and gave the stock a “buy” rating in a report on Friday, November 28th. Wall Street Zen lowered Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 28th. Macquarie lifted their price target on Autodesk from $380.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Wolfe Research upped their price objective on shares of Autodesk from $370.00 to $390.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Autodesk in a research note on Tuesday, December 16th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Autodesk presently has an average rating of “Moderate Buy” and a consensus price target of $369.97.

Autodesk Price Performance

Shares of Autodesk stock opened at $277.89 on Tuesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.82 and a quick ratio of 0.82. The business’s 50 day simple moving average is $296.66 and its two-hundred day simple moving average is $302.81. The stock has a market capitalization of $58.91 billion, a P/E ratio of 53.85, a price-to-earnings-growth ratio of 2.24 and a beta of 1.46. Autodesk, Inc. has a one year low of $232.67 and a one year high of $329.09.

Autodesk (NASDAQ:ADSK) last posted 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 company had revenue of $1.85 billion during 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%. Autodesk’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.17 earnings per share. 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 forecast that Autodesk, Inc. will post 5.76 EPS for the current year.

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.