SG Americas Securities LLC Reduces Holdings in Autodesk, Inc. $ADSK

SG Americas Securities LLC trimmed its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 36.0% in the third quarter, HoldingsChannel reports. The firm owned 24,445 shares of the software company’s stock after selling 13,772 shares during the period. SG Americas Securities LLC’s holdings in Autodesk were worth $7,765,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ADSK. Proffitt & Goodson Inc. acquired a new position in shares of Autodesk in the third quarter valued at approximately $27,000. Heartwood Wealth Advisors LLC acquired a new stake in shares of Autodesk during the 3rd quarter worth $28,000. Tripletail Wealth Management LLC acquired a new stake in shares of Autodesk during the 3rd quarter worth $29,000. Access Investment Management LLC purchased a new position in shares of Autodesk in the 2nd quarter worth $28,000. Finally, Livelsberger Financial Advisory acquired a new position in Autodesk in the second quarter valued at $31,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on ADSK. Macquarie upped their price target on Autodesk from $380.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. BTIG Research assumed coverage on Autodesk in a report on Tuesday, December 16th. They set a “buy” rating and a $365.00 target price for the company. Royal Bank Of Canada reissued an “outperform” rating and set a $380.00 target price on shares of Autodesk in a research report on Monday, October 6th. Redburn Partners set a $375.00 price target on shares of Autodesk in a report on Friday. Finally, Wolfe Research boosted their price objective on shares of Autodesk from $370.00 to $390.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Autodesk currently has a consensus rating of “Moderate Buy” and a consensus price target of $369.97.

Autodesk Stock Performance

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

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Tuesday, November 25th. The software company reported $2.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $0.17. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the company earned $2.17 earnings per share. Autodesk’s revenue for the quarter 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. As a group, sell-side analysts expect that Autodesk, Inc. will post 5.76 EPS 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.