Autodesk, Inc. $ADSK Shares Sold by Alta Capital Management LLC

Alta Capital Management LLC decreased its position in Autodesk, Inc. (NASDAQ:ADSKFree Report) by 57.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 61,742 shares of the software company’s stock after selling 82,820 shares during the quarter. Autodesk comprises about 1.1% of Alta Capital Management LLC’s holdings, making the stock its 27th largest position. Alta Capital Management LLC’s holdings in Autodesk were worth $19,614,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ADSK. Brighton Jones LLC grew its stake in Autodesk by 14.5% in the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock worth $343,000 after acquiring an additional 147 shares during the period. Sivia Capital Partners LLC boosted its holdings in shares of Autodesk by 98.1% during the second quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock worth $765,000 after purchasing an additional 1,224 shares during the last quarter. Hilltop National Bank purchased a new stake in shares of Autodesk in the second quarter valued at $31,000. Wealthcare Advisory Partners LLC grew its position in shares of Autodesk by 3.3% in the second quarter. Wealthcare Advisory Partners LLC now owns 1,862 shares of the software company’s stock valued at $577,000 after purchasing an additional 59 shares during the period. Finally, Simplicity Wealth LLC increased its stake in Autodesk by 334.7% in the second quarter. Simplicity Wealth LLC now owns 4,299 shares of the software company’s stock valued at $1,331,000 after purchasing an additional 3,310 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Barclays raised their price target on Autodesk from $385.00 to $390.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 26th. BTIG Research initiated coverage on shares of Autodesk in a research report on Tuesday, December 16th. They issued a “buy” rating and a $365.00 target price on the stock. Wolfe Research dropped their price target on shares of Autodesk from $390.00 to $330.00 and set an “outperform” rating for the company in a research report on Monday. BMO Capital Markets increased their price target on shares of Autodesk from $333.00 to $343.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 26th. Finally, Citigroup boosted their price objective on shares of Autodesk from $370.00 to $382.00 and gave the company a “buy” rating in a research note on Friday, November 28th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $369.24.

View Our Latest Analysis on ADSK

Autodesk Price Performance

ADSK stock opened at $240.79 on Wednesday. The firm has a market cap of $51.05 billion, a P/E ratio of 46.66, a price-to-earnings-growth ratio of 1.78 and a beta of 1.45. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.82 and a current ratio of 0.82. Autodesk, Inc. has a 1 year low of $232.67 and a 1 year high of $329.09. The stock has a 50-day simple moving average of $285.86 and a 200-day simple moving average of $298.27.

Autodesk (NASDAQ:ADSKGet Free Report) last released its quarterly 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 firm had revenue of $1.85 billion during 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%.Autodesk’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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. On average, equities analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

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Autodesk Profile

(Free Report)

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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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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