Autodesk, Inc. $ADSK Stake Cut by GraniteShares Advisors LLC

GraniteShares Advisors LLC reduced its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 89.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 296 shares of the software company’s stock after selling 2,579 shares during the quarter. GraniteShares Advisors LLC’s holdings in Autodesk were worth $88,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ADSK. Brighton Jones LLC grew its stake in shares of Autodesk by 14.5% in the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock valued at $343,000 after buying an additional 147 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in Autodesk by 98.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock worth $765,000 after acquiring an additional 1,224 shares during the period. Schnieders Capital Management LLC. bought a new position in shares of Autodesk in the second quarter worth about $466,000. Twin Peaks Wealth Advisors LLC bought a new position in Autodesk in the 2nd quarter worth approximately $34,000. Finally, CW Advisors LLC increased its position in Autodesk by 1.8% during the second quarter. CW Advisors LLC now owns 12,253 shares of the software company’s stock worth $3,790,000 after acquiring an additional 211 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Stock Performance

Shares of ADSK opened at $238.08 on Friday. The firm has a market cap of $50.23 billion, a P/E ratio of 45.44, a PEG ratio of 1.58 and a beta of 1.43. 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, Inc. has a twelve month low of $215.01 and a twelve month high of $329.09. The firm’s 50 day moving average price is $243.47 and its two-hundred day moving average price is $279.87.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.64 by $0.21. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.The company’s revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the company 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, analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on ADSK. Royal Bank Of Canada cut their price target on Autodesk from $340.00 to $335.00 and set an “outperform” rating for the company in a report on Friday, February 27th. Citigroup lifted their target price on shares of Autodesk from $315.00 to $331.00 and gave the company a “buy” rating in a research note on Tuesday, March 3rd. JPMorgan Chase & Co. upped their price target on shares of Autodesk from $319.00 to $336.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Morgan Stanley reissued an “overweight” rating on shares of Autodesk in a research note on Wednesday, March 18th. Finally, Argus upgraded shares of Autodesk to a “strong-buy” rating in a research report on Friday, March 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $342.81.

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.