5,822 Autodesk, Inc. $ADSK Shares Sold by One Wealth Capital Management LLC

Key Points

• One Wealth Capital Management LLC cut its Autodesk position by 81.2% in the third quarter, selling 5,822 shares and retaining 1,347 shares valued at approximately $282,000.
• Institutional investors and hedge funds own 90.24% of Autodesk’s stock, with several firms increasing their positions or initiating new stakes during the quarter.
• Wall Street maintains a favorable outlook, with a consensus rating of “Moderate Buy” and an average price target of $316.84. Autodesk recently exceeded quarterly earnings and revenue estimates, reporting $3.30 in EPS and $2.05 billion in revenue.

One Wealth Capital Management LLC lessened its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 81.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,347 shares of the software company's stock after selling 5,822 shares during the quarter. One Wealth Capital Management LLC's holdings in Autodesk were worth $282,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ADSK. Gibbs Wealth Management lifted its holdings in Autodesk by 19.4% in the 3rd quarter. Gibbs Wealth Management now owns 8,202 shares of the software company's stock worth $1,714,000 after purchasing an additional 1,333 shares during the last quarter. Murphy Pohlad Asset Management LLC bought a new stake in Autodesk in the 3rd quarter valued at $1,013,000. Yousif Capital Management LLC increased its stake in Autodesk by 0.3% during the third quarter. Yousif Capital Management LLC now owns 21,238 shares of the software company's stock valued at $4,439,000 after acquiring an additional 67 shares during the period. Titan Investment Management LLC bought a new stake in shares of Autodesk during the third quarter valued at approximately $2,350,000. Finally, Brookstone Capital Management increased its holdings in Autodesk by 2.7% in the 3rd quarter. Brookstone Capital Management now owns 1,718 shares of the software company's stock valued at $359,000 after buying an additional 45 shares during the period. Institutional investors and hedge funds own 90.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. KeyCorp reissued an "overweight" rating on shares of Autodesk in a report on Wednesday, August 19th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $330.00 target price on shares of Autodesk in a research note on Monday, August 31st. Piper Sandler started coverage on Autodesk in a research note on Monday, September 28th. They set an "overweight" rating and a $300.00 price target on the stock. Cantor Fitzgerald assumed coverage on shares of Autodesk in a research note on Monday, September 14th. They issued a "neutral" rating and a $215.00 price objective on the stock. Finally, Weiss Ratings upgraded Autodesk from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $316.84.

Autodesk Stock Performance

Shares of Autodesk stock opened at $252.20 on Friday. The firm has a market cap of $52.71 billion, a price-to-earnings ratio of 32.63, a price-to-earnings-growth ratio of 1.67 and a beta of 1.33. The stock's 50-day moving average is $232.12 and its 200-day moving average is $228.31. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.86 and a quick ratio of 0.86. Autodesk, Inc. has a one year low of $185.50 and a one year high of $320.00.

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

Autodesk Company 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.

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