Parnassus Investments LLC Cuts Holdings in Autodesk, Inc. $ADSK

Parnassus Investments LLC reduced its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 3.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 304,643 shares of the software company’s stock after selling 10,059 shares during the quarter. Parnassus Investments LLC owned about 0.14% of Autodesk worth $96,776,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ADSK. Vanguard Group Inc. boosted its position in Autodesk by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 20,963,515 shares of the software company’s stock valued at $6,489,675,000 after acquiring an additional 180,596 shares in the last quarter. State Street Corp lifted its stake in Autodesk by 1.8% in the 2nd quarter. State Street Corp now owns 10,086,995 shares of the software company’s stock valued at $3,122,631,000 after buying an additional 174,247 shares in the last quarter. Loomis Sayles & Co. L P boosted its stake in Autodesk by 1.5% during the 2nd quarter. Loomis Sayles & Co. L P now owns 5,831,447 shares of the software company’s stock worth $1,805,241,000 after purchasing an additional 88,066 shares during the last quarter. Geode Capital Management LLC grew its stake in Autodesk by 15.1% during the 2nd quarter. Geode Capital Management LLC now owns 5,606,264 shares of the software company’s stock valued at $1,730,415,000 after acquiring an additional 734,449 shares in the last quarter. Finally, Ninety One UK Ltd increased its holdings in shares of Autodesk by 3.7% in the second quarter. Ninety One UK Ltd now owns 5,338,125 shares of the software company’s stock valued at $1,652,523,000 after purchasing an additional 191,448 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Autodesk Trading Down 0.2%

Shares of NASDAQ ADSK opened at $276.02 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.86. The stock’s 50 day simple moving average is $297.17 and its 200 day simple moving average is $303.00. The company has a market cap of $58.52 billion, a price-to-earnings ratio of 53.49, a price-to-earnings-growth ratio of 2.25 and a beta of 1.46. Autodesk, Inc. has a 12-month low of $232.67 and a 12-month high of $329.09.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Tuesday, November 25th. The software company reported $2.67 earnings per share for the quarter, beating analysts’ consensus estimates of $2.50 by $0.17. The company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Autodesk had a return on equity of 52.06% and a net margin of 16.09%.The business’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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 expect that Autodesk, Inc. will post 5.76 EPS for the current year.

Analysts Set New Price Targets

ADSK has been the topic of a number of recent research reports. BTIG Research initiated coverage on shares of Autodesk in a research note on Tuesday, December 16th. They set a “buy” rating and a $365.00 price target on the stock. BMO Capital Markets increased their price target on shares of Autodesk from $333.00 to $343.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 26th. UBS Group reiterated a “buy” rating and set a $400.00 target price on shares of Autodesk in a research report on Wednesday, November 26th. Wall Street Zen downgraded shares of Autodesk from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 28th. Finally, Deutsche Bank Aktiengesellschaft upgraded Autodesk from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $345.00 to $375.00 in a research report on Wednesday, November 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $369.97.

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.