Allspring Global Investments Holdings LLC Lowers Stock Holdings in Autodesk, Inc. $ADSK

Allspring Global Investments Holdings LLC trimmed its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 65.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 21,323 shares of the software company’s stock after selling 40,593 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Autodesk were worth $6,114,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Autodesk by 2.2% during the third quarter. Vanguard Group Inc. now owns 21,414,239 shares of the software company’s stock valued at $6,802,661,000 after purchasing an additional 450,724 shares during the last quarter. State Street Corp increased its position in shares of Autodesk by 1.8% during the second quarter. State Street Corp now owns 10,086,995 shares of the software company’s stock valued at $3,122,631,000 after acquiring an additional 174,247 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Autodesk by 18.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,544,520 shares of the software company’s stock valued at $1,125,988,000 after acquiring an additional 564,136 shares in the last quarter. Amundi increased its position in shares of Autodesk by 3.0% during the third quarter. Amundi now owns 2,726,105 shares of the software company’s stock valued at $881,704,000 after acquiring an additional 79,171 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Autodesk by 0.4% during the third quarter. Northern Trust Corp now owns 2,517,683 shares of the software company’s stock valued at $799,792,000 after acquiring an additional 10,169 shares in the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ADSK has been the subject of several analyst reports. Citigroup raised their price target on shares of Autodesk from $315.00 to $331.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. Rothschild & Co Redburn set a $375.00 price target on shares of Autodesk in a research report on Friday, January 9th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Autodesk from $375.00 to $330.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Piper Sandler reissued an “overweight” rating and set a $383.00 price target (up from $373.00) on shares of Autodesk in a research report on Monday, March 2nd. Finally, Stifel Nicolaus reduced their price target on shares of Autodesk from $375.00 to $285.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. Two 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $342.81.

Autodesk Trading Down 0.2%

NASDAQ:ADSK opened at $237.72 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.82. Autodesk, Inc. has a 12 month low of $215.01 and a 12 month high of $329.09. The company has a market cap of $50.16 billion, a PE ratio of 45.37, a price-to-earnings-growth ratio of 1.58 and a beta of 1.43. The company has a 50 day simple moving average of $242.78 and a two-hundred day simple moving average of $279.00.

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

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.