4,561 Autodesk, Inc. $ADSK Shares Sold by Apollon Wealth Management LLC

Key Points

• Apollon Wealth Management reduced its Autodesk stake by 21.3%, selling 4,561 shares and retaining 16,871 shares valued at approximately $3.53 million. Institutional investors and hedge funds collectively own 90.24% of Autodesk.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $316.84. Ratings include 25 Buys, one Strong Buy and six Holds.
• Autodesk reported quarterly earnings of $3.30 per share, exceeding estimates of $3.12, while revenue rose 16.1% year over year to $2.05 billion. Shares opened at $242.10, down 2.9%, with a market capitalization of about $50.6 billion.

Apollon Wealth Management LLC lowered its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 21.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,871 shares of the software company's stock after selling 4,561 shares during the quarter. Apollon Wealth Management LLC's holdings in Autodesk were worth $3,526,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of ADSK. Mainsail Financial Group LLC boosted its stake in shares of Autodesk by 6.3% in the 3rd quarter. Mainsail Financial Group LLC now owns 7,934 shares of the software company's stock valued at $1,658,000 after purchasing an additional 471 shares during the last quarter. Probity Advisors Inc. grew its stake in Autodesk by 35.5% in the third quarter. Probity Advisors Inc. now owns 2,300 shares of the software company's stock valued at $481,000 after acquiring an additional 603 shares during the period. Robeco Schweiz AG grew its position in shares of Autodesk by 2.2% in the 3rd quarter. Robeco Schweiz AG now owns 524,042 shares of the software company's stock valued at $109,525,000 after purchasing an additional 11,162 shares during the period. NTV Asset Management LLC acquired a new position in shares of Autodesk in the third quarter valued at approximately $891,000. Finally, Sowell Financial Services LLC boosted its stake in Autodesk by 60.6% in the 3rd quarter. Sowell Financial Services LLC now owns 3,539 shares of the software company's stock worth $740,000 after purchasing an additional 1,335 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ADSK. BMO Capital Markets raised their price target on shares of Autodesk from $262.00 to $283.00 and gave the stock a "market perform" rating in a research note on Friday, August 28th. Argus reissued a "buy" rating and set a $355.00 price target on shares of Autodesk in a research report on Wednesday, September 2nd. Cantor Fitzgerald started coverage on shares of Autodesk in a report on Monday, September 14th. They issued a "neutral" rating and a $215.00 price objective on the stock. Citigroup increased their target price on Autodesk from $269.00 to $276.00 and gave the stock a "neutral" rating in a research note on Monday, August 31st. Finally, Weiss Ratings raised shares of Autodesk from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $316.84.

Autodesk Stock Down 2.9%

Shares of NASDAQ:ADSK opened at $242.10 on Wednesday. Autodesk, Inc. has a 52-week low of $185.50 and a 52-week high of $320.00. The company has a fifty day moving average of $232.76 and a 200-day moving average of $234.63. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $50.60 billion, a PE ratio of 28.94, a price-to-earnings-growth ratio of 1.65 and a beta of 1.33.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its earnings results on Thursday, August 27th. The software company reported $3.30 EPS for the quarter, beating the consensus estimate of $3.12 by $0.18. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. Autodesk had a return on equity of 58.63% and a net margin of 21.08%. The business's quarterly revenue was up 16.1% on a year-over-year basis. During the same period last year, the company earned $2.62 earnings per share. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. On average, equities analysts predict that Autodesk, Inc. will post 9.70 EPS for the current fiscal year.

Autodesk Profile

Autodesk, Inc develops software and cloud-based services for the architecture, engineering, construction, manufacturing, media and entertainment industries. Its products help customers design, visualize, simulate and manage projects, products and digital content throughout their lifecycles.

The company's portfolio includes AutoCAD for computer-aided design; Revit for building information modeling; Civil 3D for civil engineering and infrastructure design; Inventor and Fusion for product design and manufacturing; and Maya and 3ds Max for animation, modeling and visual effects.

Want to see what other hedge funds are holding ADSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autodesk, Inc. (NASDAQ:ADSK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.