Autodesk, Inc. $ADSK Holdings Lowered by ARK Investment Management LLC

ARK Investment Management LLC lowered its stake in Autodesk, Inc. (NASDAQ:ADSKFree Report) by 16.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,025 shares of the software company’s stock after selling 2,132 shares during the quarter. ARK Investment Management LLC’s holdings in Autodesk were worth $3,502,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of ADSK. Mirae Asset Global Investments Co. Ltd. boosted its position 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 buying an additional 17,358 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its position in Autodesk by 18.7% during 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 buying an additional 20,543 shares during the period. Pacific Heights Asset Management LLC lifted its stake in Autodesk by 26.9% in the 3rd quarter. Pacific Heights Asset Management LLC now owns 85,000 shares of the software company’s stock worth $27,002,000 after acquiring an additional 18,000 shares in the last quarter. Freemont Management S.A. acquired a new stake in Autodesk during the 3rd quarter worth about $4,765,000. Finally, Renaissance Group LLC acquired a new stake in Autodesk during the 3rd quarter worth about $33,789,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Autodesk

Here are the key news stories impacting Autodesk this week:

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $264.12 on Friday. The stock has a market capitalization of $55.73 billion, a P/E ratio of 50.40, a P/E/G ratio of 1.71 and a beta of 1.45. The business has a 50-day moving average of $257.61 and a two-hundred day moving average of $289.05. Autodesk, Inc. has a fifty-two week low of $215.01 and a fifty-two week high of $329.09. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.82.

Autodesk (NASDAQ:ADSKGet Free Report) last issued its quarterly earnings data on Thursday, February 26th. The software company reported $2.85 earnings per share for the quarter, beating analysts’ consensus estimates of $2.64 by $0.21. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.91 billion. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.The firm’s revenue was up 19.4% compared to the same quarter last year. During the same period last year, the business earned $2.29 EPS. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. On average, equities research analysts predict that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Citigroup increased their price target on shares of Autodesk from $315.00 to $331.00 and gave the stock a “buy” rating in a research report on Tuesday. KeyCorp reiterated an “overweight” rating on shares of Autodesk in a research note on Tuesday, December 16th. BTIG Research cut their target price on shares of Autodesk from $365.00 to $300.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Rosenblatt Securities lowered their price target on shares of Autodesk from $375.00 to $330.00 and set a “buy” rating on the stock in a report on Tuesday, February 24th. Finally, Arete Research upped their price target on shares of Autodesk from $430.00 to $460.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. One analyst has 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $341.96.

Read Our Latest Report on ADSK

About Autodesk

(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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