Autodesk, Inc. $ADSK Shares Sold by Cibc World Market Inc.

Cibc World Market Inc. decreased its position in Autodesk, Inc. (NASDAQ:ADSK) by 27.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,664 shares of the software company’s stock after selling 9,845 shares during the quarter. Cibc World Market Inc.’s holdings in Autodesk were worth $8,153,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ADSK. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Autodesk by 12.8% in the third 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 in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Autodesk by 18.7% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 130,669 shares of the software company’s stock valued at $41,510,000 after purchasing an additional 20,543 shares during the period. Pacific Heights Asset Management LLC grew its stake in Autodesk by 26.9% during the 3rd quarter. Pacific Heights Asset Management LLC now owns 85,000 shares of the software company’s stock worth $27,002,000 after purchasing an additional 18,000 shares in the last quarter. Nordea Investment Management AB increased its holdings in Autodesk by 5.6% during the 2nd quarter. Nordea Investment Management AB now owns 21,254 shares of the software company’s stock worth $6,509,000 after purchasing an additional 1,124 shares during the period. Finally, Renaissance Group LLC purchased a new stake in Autodesk during the 3rd quarter worth about $33,789,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Stock Performance

Shares of ADSK stock opened at $231.22 on Friday. 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 stock has a 50 day simple moving average of $274.94 and a 200-day simple moving average of $294.76. The company has a market cap of $49.02 billion, a price-to-earnings ratio of 44.81, a price-to-earnings-growth ratio of 1.56 and a beta of 1.45. Autodesk, Inc. has a 12-month low of $216.01 and a 12-month high of $329.09.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data 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 for 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 quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter in the prior 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. On average, equities analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on ADSK shares. BMO Capital Markets boosted their target price 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. Piper Sandler reaffirmed an “overweight” rating on shares of Autodesk in a report on Tuesday, January 13th. Robert W. Baird upped their price objective on Autodesk from $367.00 to $377.00 and gave the company an “outperform” rating in a research note on Wednesday, November 26th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Autodesk in a research note on Wednesday, January 21st. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $340.00 target price on shares of Autodesk in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $367.61.

About Autodesk

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.