Nisa Investment Advisors LLC Sells 6,679 Shares of Autodesk, Inc. $ADSK

Nisa Investment Advisors LLC reduced its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 12.8% during the third quarter, HoldingsChannel.com reports. The fund owned 45,546 shares of the software company’s stock after selling 6,679 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Autodesk were worth $14,469,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of ADSK. Flaharty Asset Management LLC bought a new position in Autodesk in the 1st quarter valued at $27,000. Proffitt & Goodson Inc. purchased a new position in shares of Autodesk in the 3rd quarter worth about $27,000. Access Investment Management LLC purchased a new position in shares of Autodesk in the 2nd quarter worth about $28,000. Heartwood Wealth Advisors LLC bought a new position in Autodesk during the third quarter valued at about $28,000. Finally, Tripletail Wealth Management LLC purchased a new stake in Autodesk during the third quarter worth about $29,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Stock Down 0.2%

Autodesk stock opened at $276.02 on Friday. The firm has a 50 day simple moving average of $297.17 and a 200 day simple moving average of $303.00. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.86. Autodesk, Inc. has a 1-year low of $232.67 and a 1-year high of $329.09. The firm has a market capitalization of $58.52 billion, a price-to-earnings ratio of 53.49, a P/E/G ratio of 2.25 and a beta of 1.46.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Tuesday, November 25th. The software company reported $2.67 earnings per share (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 for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the prior year, the business posted $2.17 earnings per share. The business’s quarterly 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. On average, analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Analyst Ratings Changes

ADSK has been the topic of a number of research analyst reports. Wall Street Zen cut shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 28th. Hsbc Global Res raised shares of Autodesk from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Redburn Partners set a $375.00 price objective on Autodesk in a research note on Friday. KeyCorp reissued an “overweight” rating on shares of Autodesk in a report on Tuesday, December 16th. Finally, Rothschild & Co Redburn assumed coverage on Autodesk in a research report on Friday. They issued a “buy” rating and a $375.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $369.97.

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.