7,779 Autodesk, Inc. $ADSK Shares Sold by Axxcess Wealth Management LLC

Key Points

• Axxcess Wealth Management cut its Autodesk stake by 80.5% in the third quarter, selling 7,779 shares and retaining 1,889 shares valued at approximately $395,000.
• Institutional ownership remains high at 90.24%, with several major investors—including State Street and Quantinno Capital Management—adding to their positions.
• Autodesk reported better-than-expected quarterly results, with $3.30 in earnings per share and $2.05 billion in revenue, while analysts maintain a “Moderate Buy” consensus and a $316.84 price target.

Axxcess Wealth Management LLC cut its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 80.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,889 shares of the software company's stock after selling 7,779 shares during the quarter. Axxcess Wealth Management LLC's holdings in Autodesk were worth $395,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Quantinno Capital Management LP increased its position in Autodesk by 17.8% during the first quarter. Quantinno Capital Management LP now owns 385,572 shares of the software company's stock worth $92,306,000 after buying an additional 58,285 shares during the last quarter. Deutsche Bank AG bought a new position in Autodesk in the 2nd quarter worth approximately $322,851,000. Seilern Investment Management Ltd raised its stake in Autodesk by 11.0% during the 2nd quarter. Seilern Investment Management Ltd now owns 227,675 shares of the software company's stock valued at $44,265,000 after purchasing an additional 22,547 shares during the last quarter. Green Alpha Advisors LLC bought a new stake in Autodesk in the 2nd quarter valued at $561,000. Finally, State Street Corp boosted its holdings in Autodesk by 2.9% in the 2nd quarter. State Street Corp now owns 10,268,172 shares of the software company's stock valued at $1,996,338,000 after purchasing an additional 284,621 shares during the period. Hedge funds and other institutional investors own 90.24% of the company's stock.

Autodesk Stock Down 1.1%

Shares of NASDAQ:ADSK opened at $249.45 on Tuesday. Autodesk, Inc. has a 52 week low of $185.50 and a 52 week high of $320.00. 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 $52.14 billion, a PE ratio of 29.26, a PEG ratio of 1.67 and a beta of 1.33. The company has a 50 day moving average price of $232.79 and a two-hundred day moving average price of $235.11.

Autodesk (NASDAQ:ADSK - Get Free Report) last released its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 EPS 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 company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the firm posted $2.62 earnings per share. Autodesk's revenue was up 16.1% compared to the same quarter last year. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. Analysts forecast that Autodesk, Inc. will post 9.70 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on ADSK. Barclays restated an "overweight" rating on shares of Autodesk in a research report on Wednesday, August 19th. BTIG Research reiterated a "buy" rating and issued a $300.00 price target on shares of Autodesk in a research report on Friday, September 18th. UBS Group reiterated a "buy" rating on shares of Autodesk in a research report on Thursday, September 24th. Robert W. Baird increased their price objective on Autodesk from $312.00 to $325.00 and gave the stock an "outperform" rating in a research note on Friday, August 21st. Finally, The Goldman Sachs Group raised Autodesk from a "hold" rating to an "outperform" rating and set a $265.00 price objective for the company in a report on Thursday, September 17th. 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 company. According to MarketBeat, Autodesk has an average rating of "Moderate Buy" and a consensus price target of $316.84.

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.

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.