TD Waterhouse Canada Inc. decreased its position in shares of Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 80.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,567 shares of the software company’s stock after selling 6,288 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Autodesk were worth $485,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of ADSK. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Autodesk by 12.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,180 shares of the software company’s stock worth $48,661,000 after acquiring an additional 17,358 shares during the period. Ballentine Partners LLC raised its position in Autodesk by 3.2% during the third quarter. Ballentine Partners LLC now owns 5,351 shares of the software company’s stock valued at $1,700,000 after purchasing an additional 166 shares in the last quarter. Federated Hermes Inc. lifted its stake in Autodesk by 29.7% during the third quarter. Federated Hermes Inc. now owns 41,815 shares of the software company’s stock worth $13,283,000 after purchasing an additional 9,574 shares during the last quarter. AGP Franklin LLC acquired a new stake in shares of Autodesk in the 3rd quarter valued at $455,000. Finally, Pines Wealth Management LLC increased its stake in shares of Autodesk by 41.6% in the 3rd quarter. Pines Wealth Management LLC now owns 919 shares of the software company’s stock valued at $292,000 after purchasing an additional 270 shares during the last quarter. 90.24% of the stock is owned by institutional investors.
Trending Headlines about Autodesk
Here are the key news stories impacting Autodesk this week:
- Positive Sentiment: J.P. Morgan upgraded ADSK from “neutral” to “overweight” and set a $319 price target (about ~25% upside from recent levels), citing AI-driven demand for design software and calling this a “buy the dip” opportunity. This upgrade is the primary catalyst for the stock’s upward move today. JPMorgan upgrade coverage
- Positive Sentiment: Autodesk is executing cost realignment — earlier this quarter the company announced a ~7% workforce reduction to free up spending for cloud and AI initiatives. Investors often view targeted cuts that fund higher‑growth areas as margin and execution positives if product investment accelerates. Workforce cut coverage
- Neutral Sentiment: Autodesk scheduled its Q4 FY2026 earnings conference call for Feb. 26 — investors will be watching revenue, margin progress, and any commentary on AI product monetization and subscription growth. The call timing can cause short‑term trading before the print. Earnings call notice
- Neutral Sentiment: Market writeups noted ADSK closed higher today vs. the prior session, a direct reflection of the analyst upgrade and coverage. Short‑term price moves are being reported in market summaries. Zacks price recap
- Neutral Sentiment: Reported short‑interest data appears to show zero shares (and NaN changes), likely a reporting anomaly; current days‑to‑cover metrics are effectively meaningless until corrected. This looks like a data glitch rather than a real change in short positioning.
Autodesk Trading Up 1.1%
Autodesk (NASDAQ:ADSK – Get Free Report) last issued its quarterly earnings results on Tuesday, November 25th. The software company reported $2.67 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the business earned $2.17 earnings per share. Autodesk’s 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. As a group, research analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current year.
Analyst Ratings Changes
Several analysts recently weighed in on the company. Wolfe Research raised their price objective on Autodesk from $370.00 to $390.00 and gave the company an “outperform” rating in a research note on Wednesday, November 26th. Arete Research raised their price target on shares of Autodesk from $430.00 to $460.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. BMO Capital Markets upped their price objective on shares of Autodesk from $333.00 to $343.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 26th. Robert W. Baird raised their target price on shares of Autodesk from $367.00 to $377.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Autodesk in a research note on Wednesday, January 21st. Three analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and a consensus target price of $371.31.
View Our Latest Stock Report on Autodesk
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.
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