Boothbay Fund Management LLC Sells 15,796 Shares of Autodesk, Inc. $ADSK

Boothbay Fund Management LLC trimmed its stake in Autodesk, Inc. (NASDAQ:ADSK) by 67.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,481 shares of the software company’s stock after selling 15,796 shares during the period. Boothbay Fund Management LLC’s holdings in Autodesk were worth $2,376,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ADSK. Proffitt & Goodson Inc. bought a new stake in Autodesk during the 3rd quarter worth approximately $27,000. Heartwood Wealth Advisors LLC purchased a new position in Autodesk during the third quarter valued at approximately $28,000. Tripletail Wealth Management LLC bought a new position in shares of Autodesk in the third quarter worth approximately $29,000. Financial Consulate Inc. bought a new position in shares of Autodesk in the third quarter worth approximately $32,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Autodesk in the second quarter worth $34,000. 90.24% of the stock is owned by institutional investors.

Autodesk Stock Performance

NASDAQ ADSK opened at $249.78 on Tuesday. The business’s 50 day moving average price is $251.79 and its 200-day moving average price is $287.43. Autodesk, Inc. has a fifty-two week low of $215.01 and a fifty-two week high of $329.09. The company has a market cap of $52.70 billion, a P/E ratio of 47.67, a P/E/G ratio of 1.66 and a beta of 1.45. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.85 and a current ratio of 0.85.

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Macquarie Infrastructure raised their price objective on shares of Autodesk from $380.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Rosenblatt Securities cut their price target on Autodesk from $375.00 to $330.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. Piper Sandler reissued an “overweight” rating and set a $383.00 price target (up from $373.00) on shares of Autodesk in a report on Monday, March 2nd. Loop Capital lowered their price objective on Autodesk from $320.00 to $250.00 and set a “hold” rating on the stock in a research report on Thursday, February 19th. Finally, DA Davidson dropped their price objective on Autodesk from $375.00 to $325.00 and set a “buy” rating for the company in a research note on Friday, February 27th. 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $342.96.

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.