Van ECK Associates Corp Sells 613,161 Shares of Autodesk, Inc. $ADSK

Key Points

• Van ECK Associates Corp reduced its stake in Autodesk by 90.4% in the third quarter, selling 613,161 shares and leaving 64,877 shares worth about $20.61 million.
• Autodesk beat expectations for the recent quarter with $2.85 EPS (vs. $2.64 est.) and $1.96B revenue (up 19.4% YoY), and set FY2027 guidance of 12.290–12.560 EPS and Q1 2027 guidance of 2.820–2.860 EPS.
• Analysts hold a consensus rating of “Moderate Buy” with a consensus price target of $341.96, despite mixed recent revisions ranging from raises (Arete to $460) to cuts (several to $325–$350).

Van ECK Associates Corp lessened its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 90.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,877 shares of the software company's stock after selling 613,161 shares during the period. Van ECK Associates Corp's holdings in Autodesk were worth $20,610,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Brighton Jones LLC boosted its holdings in shares of Autodesk by 14.5% in the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company's stock valued at $343,000 after purchasing an additional 147 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Autodesk by 98.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company's stock worth $765,000 after buying an additional 1,224 shares in the last quarter. Schnieders Capital Management LLC. acquired a new position in shares of Autodesk during the 2nd quarter worth $466,000. AE Wealth Management LLC lifted its position in shares of Autodesk by 33.5% during the 2nd quarter. AE Wealth Management LLC now owns 2,691 shares of the software company's stock worth $833,000 after buying an additional 675 shares during the last quarter. Finally, Prospera Financial Services Inc acquired a new stake in Autodesk in the second quarter valued at about $225,000. Institutional investors and hedge funds own 90.24% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on ADSK shares. Arete Research lifted their target price on Autodesk from $430.00 to $460.00 and gave the company a "buy" rating in a research report on Thursday, December 11th. Wells Fargo & Company reduced their price target on shares of Autodesk from $365.00 to $350.00 and set an "overweight" rating on the stock in a research note on Friday, February 27th. Bank of America lifted their price target on shares of Autodesk from $360.00 to $365.00 and gave the company a "neutral" rating in a report on Wednesday, November 26th. Oppenheimer lowered their price objective on shares of Autodesk from $375.00 to $325.00 and set an "outperform" rating for the company in a research report on Tuesday, February 24th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Autodesk from $375.00 to $330.00 and set a "buy" rating on the stock in a research report on Monday, March 2nd. Two 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 stock. According to data from MarketBeat.com, Autodesk currently has a consensus rating of "Moderate Buy" and a consensus price target of $341.96.

Autodesk Trading Down 0.4%

Shares of NASDAQ:ADSK traded down $1.02 during midday trading on Friday, hitting $248.87. 235,296 shares of the stock were exchanged, compared to its average volume of 2,271,508. The business's 50-day moving average price is $253.28 and its 200 day moving average price is $287.89. The stock has a market capitalization of $52.51 billion, a price-to-earnings ratio of 47.52, a P/E/G ratio of 1.67 and a beta of 1.45. Autodesk, Inc. has a 12 month low of $215.01 and a 12 month high of $329.09. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.85 and a current ratio of 0.85.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share for the quarter, topping analysts' consensus estimates of $2.64 by $0.21. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period in the previous year, the firm posted $2.29 EPS. The company's revenue for the quarter was up 19.4% compared to the same quarter last year. 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 predict that Autodesk, Inc. will post 5.76 earnings per share 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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