Autodesk, Inc. $ADSK Stake Cut by Seilern Investment Management Ltd

Key Points

• Seilern Investment Management cut its Autodesk stake by 9.5% in the third quarter, selling 21,535 shares and retaining 206,140 shares valued at approximately $43.1 million. Institutional investors and hedge funds collectively own 90.24% of the company.
• Analysts remain broadly positive, with Autodesk receiving 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, beating estimates of $3.12, while revenue rose 16.1% year over year to $2.05 billion. The stock recently traded at $230.94.

Seilern Investment Management Ltd reduced its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 9.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 206,140 shares of the software company's stock after selling 21,535 shares during the quarter. Autodesk comprises 5.4% of Seilern Investment Management Ltd's investment portfolio, making the stock its 10th biggest holding. Seilern Investment Management Ltd owned 0.10% of Autodesk worth $43,083,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. NorthCrest Asset Manangement LLC increased its position in shares of Autodesk by 44.2% in the third quarter. NorthCrest Asset Manangement LLC now owns 1,494 shares of the software company's stock valued at $312,000 after buying an additional 458 shares in the last quarter. Mirador Capital Partners LP purchased a new stake in shares of Autodesk in the 3rd quarter worth about $233,000. Bill Few Associates Inc. purchased a new stake in shares of Autodesk in the 3rd quarter worth about $2,010,000. Wedmont Private Capital grew its stake in Autodesk by 3.3% in the 3rd quarter. Wedmont Private Capital now owns 3,772 shares of the software company's stock valued at $788,000 after acquiring an additional 119 shares during the last quarter. Finally, Stableford Capital II LLC acquired a new stake in Autodesk in the 3rd quarter valued at about $1,077,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ADSK has been the subject of several recent research reports. BMO Capital Markets raised their target price on shares of Autodesk from $262.00 to $283.00 and gave the company a "market perform" rating in a report on Friday, August 28th. Berenberg Bank set a $333.00 price target on shares of Autodesk in a report on Tuesday, September 1st. Cantor Fitzgerald began coverage on shares of Autodesk in a report on Monday, September 14th. They issued a "neutral" rating and a $215.00 price target on the stock. KeyCorp reissued an "overweight" rating on shares of Autodesk in a research note on Wednesday, August 19th. Finally, UBS Group restated a "buy" rating on shares of Autodesk in a research report on Thursday, September 24th. One analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Autodesk has an average rating of "Moderate Buy" and a consensus price target of $316.84.

Autodesk Price Performance

Autodesk stock traded down $2.60 during midday trading on Tuesday, reaching $230.94. 461,582 shares of the company were exchanged, compared to its average volume of 2,297,309. The company has a market capitalization of $48.27 billion, a price-to-earnings ratio of 29.88, a P/E/G ratio of 1.56 and a beta of 1.33. The firm's 50-day simple moving average is $233.13 and its 200-day simple moving average is $227.87. Autodesk, Inc. has a 1 year low of $185.50 and a 1 year 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.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced its earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.18. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. 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 previous year, the company posted $2.62 EPS. The firm's revenue for the quarter 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. On average, analysts anticipate that Autodesk, Inc. will post 9.70 EPS for the current year.

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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