Twin Capital Management Inc. Sells 2,466 Shares of Autodesk, Inc. $ADSK

Twin Capital Management Inc. trimmed its position in Autodesk, Inc. (NASDAQ:ADSK) by 26.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,841 shares of the software company’s stock after selling 2,466 shares during the quarter. Twin Capital Management Inc.’s holdings in Autodesk were worth $2,173,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Autodesk during the second quarter worth approximately $777,202,000. Rakuten Investment Management Inc. bought a new position in shares of Autodesk during the 3rd quarter valued at approximately $268,649,000. Geode Capital Management LLC raised 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 valued at $1,730,415,000 after buying an additional 734,449 shares during the period. Massachusetts Financial Services Co. MA lifted its position in 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 last quarter. Finally, Vontobel Holding Ltd. boosted its stake in Autodesk by 254.2% during 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. 90.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on ADSK. Arete Research raised their target price on shares of Autodesk from $430.00 to $460.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of Autodesk in a research note on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft upgraded Autodesk from a “hold” rating to a “buy” rating and boosted their target price for the company from $345.00 to $375.00 in a research report on Wednesday, November 26th. Piper Sandler reiterated an “overweight” rating on shares of Autodesk in a report on Tuesday, January 13th. Finally, The Goldman Sachs Group boosted their price objective on Autodesk from $320.00 to $330.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $369.04.

Autodesk Trading Up 1.0%

Shares of NASDAQ ADSK opened at $240.40 on Friday. Autodesk, Inc. has a twelve month low of $232.67 and a twelve month high of $329.09. The firm has a market cap of $50.96 billion, a PE ratio of 46.59, a price-to-earnings-growth ratio of 1.66 and a beta of 1.45. The business has a fifty day simple moving average of $282.18 and a two-hundred day simple moving average of $297.09. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.86.

Autodesk (NASDAQ:ADSK) last released 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 firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.81 billion. Autodesk had a return on equity of 52.06% and a net margin of 16.09%.The firm’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period in the previous year, the company 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 expect that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Autodesk Company 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.