Autodesk, Inc. $ADSK Shares Sold by Capital Research Global Investors

Key Points

• Capital Research Global Investors cut its stake in Autodesk by 75.7% in Q3, selling 321,248 shares and leaving 103,014 shares worth about $32.7 million.
• Autodesk beat Q earnings and revenue expectations—$2.85 EPS vs. $2.64 expected and $1.96B revenue—and issued FY2027 guidance of roughly 12.29–12.56 EPS with Q1 guidance of 2.82–2.86.
• Analysts hold a consensus rating of “Moderate Buy” with an average price target of $341.96, while the stock recently traded around $249.89 (52-week range $215.01–$329.09).

Capital Research Global Investors cut its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 75.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 103,014 shares of the software company's stock after selling 321,248 shares during the period. Capital Research Global Investors' holdings in Autodesk were worth $32,725,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Proffitt & Goodson Inc. acquired a new stake in shares of Autodesk in the 3rd quarter worth approximately $27,000. Heartwood Wealth Advisors LLC acquired a new position in Autodesk during the third quarter worth $28,000. Tripletail Wealth Management LLC purchased a new stake in Autodesk during the third quarter worth $29,000. Financial Consulate Inc. purchased a new stake in Autodesk during the third quarter worth $32,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in Autodesk in the second quarter valued at $34,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ADSK shares. HSBC cut their price target on Autodesk from $388.00 to $379.00 and set a "buy" rating for the company in a research note on Friday, November 28th. Oppenheimer dropped their target price on shares of Autodesk from $375.00 to $325.00 and set an "outperform" rating for the company in a report on Tuesday, February 24th. Robert W. Baird increased their price objective on Autodesk from $367.00 to $377.00 and gave the company an "outperform" rating in a research note on Wednesday, November 26th. The Goldman Sachs Group boosted their target price on shares of Autodesk from $320.00 to $330.00 and gave the company a "neutral" rating in a research note on Wednesday, November 26th. Finally, Bank of America upped their target price on shares of Autodesk from $360.00 to $365.00 and gave the company a "neutral" rating in a report on Wednesday, November 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, Autodesk presently has a consensus rating of "Moderate Buy" and an average price target of $341.96.

Autodesk Stock Performance

NASDAQ:ADSK opened at $249.89 on Friday. Autodesk, Inc. has a fifty-two week low of $215.01 and a fifty-two week high of $329.09. The firm's 50 day moving average is $253.28 and its two-hundred day moving average is $287.89. The company has a market cap of $52.73 billion, a P/E ratio of 47.69, a P/E/G ratio of 1.67 and a beta of 1.45. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.82.

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

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