Autodesk, Inc. (NASDAQ:ADSK) Short Interest Update

Autodesk, Inc. (NASDAQ:ADSK) saw a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 4,693,099 shares, a drop of 14.5% from the January 15th total of 5,490,728 shares. Currently, 2.2% of the company’s stock are short sold. Based on an average daily volume of 2,304,880 shares, the days-to-cover ratio is presently 2.0 days. Based on an average daily volume of 2,304,880 shares, the days-to-cover ratio is presently 2.0 days. Currently, 2.2% of the company’s stock are short sold.

Hedge Funds Weigh In On Autodesk

A number of institutional investors have recently bought and sold shares of the business. Norges Bank bought a new position in shares of Autodesk during the 4th quarter worth approximately $867,480,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Autodesk by 44,345.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,280,515 shares of the software company’s stock valued at $675,055,000 after purchasing an additional 2,275,384 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Autodesk by 46.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,989,372 shares of the software company’s stock worth $884,884,000 after purchasing an additional 952,343 shares during the period. Rakuten Investment Management Inc. acquired a new position in shares of Autodesk in the third quarter valued at $268,649,000. Finally, Geode Capital Management LLC increased its holdings in shares of Autodesk by 15.1% in the second quarter. Geode Capital Management LLC now owns 5,606,264 shares of the software company’s stock valued at $1,730,415,000 after purchasing an additional 734,449 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on ADSK. The Goldman Sachs Group raised their target price on shares of Autodesk from $320.00 to $330.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. HSBC dropped their price objective on shares of Autodesk from $388.00 to $379.00 and set a “buy” rating on the stock in a report on Friday, November 28th. Wolfe Research reduced their target price on shares of Autodesk from $390.00 to $330.00 and set an “outperform” rating for the company in a research note on Monday, February 2nd. Deutsche Bank Aktiengesellschaft upgraded Autodesk from a “hold” rating to a “buy” rating and increased their target price for the stock from $345.00 to $375.00 in a report on Wednesday, November 26th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $355.00 price target on shares of Autodesk in a research note on Monday, November 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Autodesk presently has an average rating of “Moderate Buy” and a consensus target price of $367.61.

Autodesk Trading Down 2.6%

Shares of Autodesk stock opened at $225.32 on Wednesday. The stock has a market cap of $47.77 billion, a P/E ratio of 43.67, a P/E/G ratio of 1.62 and a beta of 1.45. 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 has a 12-month low of $216.01 and a 12-month high of $329.09. The business’s 50 day moving average is $272.03 and its 200-day moving average is $293.57.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Tuesday, November 25th. The software company reported $2.67 earnings per share for the quarter, topping analysts’ consensus estimates of $2.50 by $0.17. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.81 billion. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.17 earnings per share. 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 predict that Autodesk will post 5.76 earnings per share for the current fiscal year.

About Autodesk

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.