Autodesk, Inc. $ADSK Position Lowered by Ninety One UK Ltd

Key Points

• Ninety One UK Ltd reduced its Autodesk stake by 3.3% in the third quarter, selling 124,460 shares but retaining 3.68 million shares worth approximately $768.1 million. Institutional investors collectively own 90.24% of Autodesk.
• Autodesk shares rose 5.3% to $243.38, while the company reported quarterly EPS of $3.30 and revenue of $2.05 billion, surpassing analyst estimates and marking 16.1% year-over-year revenue growth.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $316.84, despite one firm downgrading the stock to “hold.”

Ninety One UK Ltd cut its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 3.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,675,175 shares of the software company's stock after selling 124,460 shares during the period. Autodesk comprises approximately 1.8% of Ninety One UK Ltd's holdings, making the stock its 12th largest position. Ninety One UK Ltd owned approximately 1.76% of Autodesk worth $768,112,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Ascentis Independent Advisors acquired a new stake in shares of Autodesk during the 1st quarter valued at $28,000. Abound Financial LLC acquired a new position in shares of Autodesk in the fourth quarter worth $40,000. Johnson Financial Group Inc. acquired a new position in shares of Autodesk in the second quarter worth $30,000. Avalon Trust Co raised its holdings in shares of Autodesk by 97.8% during the first quarter. Avalon Trust Co now owns 180 shares of the software company's stock worth $43,000 after acquiring an additional 89 shares in the last quarter. Finally, SHP Wealth Management purchased a new stake in shares of Autodesk during the fourth quarter worth $53,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Stock Up 5.3%

Shares of NASDAQ ADSK traded up $12.24 during mid-day trading on Thursday, reaching $243.38. 1,166,823 shares of the company traded hands, compared to its average volume of 2,291,469. 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 stock has a market cap of $50.87 billion, a PE ratio of 31.46, a price-to-earnings-growth ratio of 1.53 and a beta of 1.33. The company's fifty day moving average is $232.82 and its two-hundred day moving average is $227.78. Autodesk, Inc. has a fifty-two week low of $185.50 and a fifty-two week high of $320.00.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.12 by $0.18. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.01 billion. Autodesk had a return on equity of 58.63% and a net margin of 21.08%. The company's revenue for the quarter was up 16.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.62 EPS. 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, analysts expect that Autodesk, Inc. will post 9.70 earnings per share for the current year.

Analysts Set New Price Targets

ADSK has been the topic of a number of recent research reports. Berenberg Bank set a $333.00 target price on Autodesk in a research note on Tuesday, September 1st. UBS Group restated a "buy" rating on shares of Autodesk in a report on Thursday, September 24th. Argus reaffirmed a "buy" rating and set a $355.00 price objective on shares of Autodesk in a research report on Wednesday, September 2nd. Wall Street Zen cut shares of Autodesk from a "buy" rating to a "hold" rating in a research note on Monday, September 14th. Finally, KeyCorp reiterated an "overweight" rating on shares of Autodesk in a research note on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $316.84.

Autodesk Profile

Autodesk, Inc develops software and cloud-based services for people and organizations involved in architecture, engineering, construction, manufacturing, media and entertainment, and other design-related industries. Its tools help customers create, visualize, simulate and manage digital models and workflows throughout the product and building lifecycle.

The company's products include 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, 3ds Max and Arnold for media and entertainment production.

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