Short Interest in Autodesk, Inc. (NASDAQ:ADSK) Decreases By 14.5%

Autodesk, Inc. (NASDAQ:ADSK) was the recipient of a large drop in short interest in January. As of January 30th, there was short interest totaling 4,693,099 shares, a drop of 14.5% from the January 15th total of 5,490,728 shares. Approximately 2.2% of the shares of the stock are sold short. Based on an average daily volume of 2,304,880 shares, the days-to-cover ratio is presently 2.0 days. Based on an average daily volume of 2,304,880 shares, the days-to-cover ratio is presently 2.0 days. Approximately 2.2% of the shares of the stock are sold short.

Autodesk Trading Up 3.5%

ADSK opened at $231.22 on Tuesday. Autodesk has a fifty-two week low of $216.01 and a fifty-two week high of $329.09. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization of $49.02 billion, a price-to-earnings ratio of 44.81, a PEG ratio of 1.62 and a beta of 1.45. The company’s 50 day moving average price is $273.54 and its two-hundred day moving average price is $294.07.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Tuesday, November 25th. The software company reported $2.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $0.17. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the firm earned $2.17 earnings per share. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. 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 will post 5.76 earnings per share for the current year.

Hedge Funds Weigh In On Autodesk

A number of hedge funds have recently made changes to their positions in the stock. Norges Bank bought a new position in Autodesk during the 4th quarter worth approximately $867,480,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Autodesk by 44,345.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,280,515 shares of the software company’s stock worth $675,055,000 after buying an additional 2,275,384 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Autodesk by 46.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,989,372 shares of the software company’s stock worth $884,884,000 after buying an additional 952,343 shares during the last quarter. Rakuten Investment Management Inc. acquired a new position in Autodesk in the third quarter valued at $268,649,000. Finally, Geode Capital Management LLC lifted its holdings in Autodesk by 15.1% in the second 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. 90.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ADSK. HSBC dropped their price objective on Autodesk from $388.00 to $379.00 and set a “buy” rating for the company in a research report on Friday, November 28th. Royal Bank Of Canada reissued an “outperform” rating and issued a $340.00 target price on shares of Autodesk in a report on Wednesday, February 11th. Citigroup raised their price target 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. JPMorgan Chase & Co. raised shares of Autodesk from a “neutral” rating to an “overweight” rating and set a $319.00 price target on the stock in a report on Monday, February 2nd. Finally, Bank of America increased their price objective on shares of Autodesk from $360.00 to $365.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.