Bank of New York Mellon Corp Reduces Stake in Autodesk, Inc. $ADSK

Bank of New York Mellon Corp reduced its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 4.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,303,872 shares of the software company’s stock after selling 58,516 shares during the period. Bank of New York Mellon Corp owned about 0.61% of Autodesk worth $414,201,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Autodesk by 0.9% during the second quarter. Vanguard Group Inc. now owns 20,963,515 shares of the software company’s stock valued at $6,489,675,000 after purchasing an additional 180,596 shares during the period. State Street Corp grew its stake in shares of Autodesk by 1.8% during the 2nd quarter. State Street Corp now owns 10,086,995 shares of the software company’s stock worth $3,122,631,000 after acquiring an additional 174,247 shares during the period. Loomis Sayles & Co. L P grew its stake in shares of Autodesk by 1.5% during the 2nd quarter. Loomis Sayles & Co. L P now owns 5,831,447 shares of the software company’s stock worth $1,805,241,000 after acquiring an additional 88,066 shares during the period. Geode Capital Management LLC increased its holdings in Autodesk by 15.1% in 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 last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in Autodesk by 18.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,544,520 shares of the software company’s stock valued at $1,125,988,000 after acquiring an additional 564,136 shares during the period. Institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

NASDAQ:ADSK opened at $255.68 on Friday. Autodesk, Inc. has a 52-week low of $232.67 and a 52-week high of $329.09. The stock has a fifty day moving average of $288.38 and a 200 day moving average 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 firm has a market capitalization of $54.20 billion, a price-to-earnings ratio of 49.55, a P/E/G ratio of 2.18 and a beta of 1.46.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Tuesday, November 25th. The software company reported $2.67 EPS for the quarter, topping the consensus estimate 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 return on equity of 52.06% and a net margin of 16.09%.Autodesk’s revenue was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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. On average, research analysts expect that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ADSK has been the subject of a number of research reports. KeyCorp reiterated an “overweight” rating on shares of Autodesk in a research report on Tuesday, December 16th. Rothschild Redb raised shares of Autodesk to a “strong-buy” rating in a report on Friday, January 9th. Rothschild & Co Redburn assumed coverage on shares of Autodesk in a research note on Friday, January 9th. They issued a “buy” rating and a $375.00 price objective for the company. UBS Group restated a “buy” rating and set a $400.00 target price on shares of Autodesk in a research report on Wednesday, November 26th. Finally, Macquarie raised their price target on Autodesk from $380.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, November 26th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.