Florida Trust Wealth Management Co Sells 3,286 Shares of Autodesk, Inc. $ADSK

Florida Trust Wealth Management Co reduced its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 13.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,462 shares of the software company’s stock after selling 3,286 shares during the period. Florida Trust Wealth Management Co’s holdings in Autodesk were worth $6,818,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ADSK. Norges Bank purchased a new position in Autodesk in the 2nd quarter worth $777,202,000. Geode Capital Management LLC grew its stake in shares of Autodesk by 15.1% during 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 buying an additional 734,449 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Autodesk by 18.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,544,520 shares of the software company’s stock worth $1,125,988,000 after buying an additional 564,136 shares during the period. Vontobel Holding Ltd. increased its holdings in shares of Autodesk by 254.2% in the third quarter. Vontobel Holding Ltd. now owns 676,701 shares of the software company’s stock worth $214,968,000 after buying an additional 485,661 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Autodesk by 210.9% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 639,645 shares of the software company’s stock valued at $198,031,000 after acquiring an additional 433,908 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Bank of America raised their price target on Autodesk from $360.00 to $365.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. HSBC dropped their price objective on Autodesk from $388.00 to $379.00 and set a “buy” rating for the company in a research note on Friday, November 28th. Citigroup lifted their target price on shares of Autodesk from $370.00 to $382.00 and gave the stock a “buy” rating in a research note on Friday, November 28th. Royal Bank Of Canada reissued an “outperform” rating and set a $380.00 price target on shares of Autodesk in a research report on Monday, October 6th. Finally, Piper Sandler reissued an “overweight” rating on shares of Autodesk in a report on Tuesday, January 13th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $369.97.

Autodesk Trading Up 1.3%

NASDAQ:ADSK opened at $265.69 on Monday. Autodesk, Inc. has a 12 month low of $232.67 and a 12 month high of $329.09. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.86. The company has a 50-day moving average price of $293.98 and a 200-day moving average price of $301.56. The stock has a market cap of $56.33 billion, a price-to-earnings ratio of 51.49, a P/E/G ratio of 2.16 and a beta of 1.46.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data 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. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Autodesk had a return on equity of 52.06% and a net margin of 16.09%.The business’s revenue was up 18.0% on a year-over-year basis. During the same period in the previous year, the firm 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. Equities analysts predict 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.