Shell Asset Management Co. Sells 10,666 Shares of Autodesk, Inc. $ADSK

Shell Asset Management Co. lessened its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 69.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,619 shares of the software company’s stock after selling 10,666 shares during the quarter. Shell Asset Management Co.’s holdings in Autodesk were worth $1,467,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Autodesk by 12.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,180 shares of the software company’s stock worth $48,661,000 after purchasing an additional 17,358 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Autodesk by 18.7% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 130,669 shares of the software company’s stock valued at $41,510,000 after purchasing an additional 20,543 shares during the period. Pacific Heights Asset Management LLC lifted its position in Autodesk by 26.9% during the third quarter. Pacific Heights Asset Management LLC now owns 85,000 shares of the software company’s stock valued at $27,002,000 after buying an additional 18,000 shares during the period. Nordea Investment Management AB boosted its holdings in shares of Autodesk by 5.6% during the 2nd quarter. Nordea Investment Management AB now owns 21,254 shares of the software company’s stock valued at $6,509,000 after buying an additional 1,124 shares in the last quarter. Finally, Freemont Management S.A. bought a new position in shares of Autodesk in the 3rd quarter worth about $4,765,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Price Performance

NASDAQ ADSK opened at $231.22 on Monday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.86. Autodesk, Inc. has a 52 week low of $216.01 and a 52 week high of $329.09. The firm has a market capitalization of $49.02 billion, a P/E ratio of 44.81, a PEG ratio of 1.62 and a beta of 1.45. The company has a 50-day moving average price of $274.94 and a 200-day moving average price of $294.58.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Tuesday, November 25th. The software company reported $2.67 EPS for the quarter, topping the consensus estimate of $2.50 by $0.17. Autodesk had a return on equity of 52.06% and a net margin of 16.09%.The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the business posted $2.17 EPS. Autodesk’s revenue was up 18.0% on a year-over-year basis. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS and its Q4 2026 guidance at 2.590-2.67 EPS. Equities research analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ADSK shares. Wells Fargo & Company upped their price objective on shares of Autodesk from $375.00 to $380.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. JPMorgan Chase & Co. raised Autodesk from a “neutral” rating to an “overweight” rating and set a $319.00 target price on the stock in a research note on Monday, February 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Autodesk in a research note on Wednesday, January 21st. KeyCorp reiterated an “overweight” rating on shares of Autodesk in a report on Tuesday, December 16th. Finally, Robert W. Baird boosted their price target on Autodesk from $367.00 to $377.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $367.61.

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.