Swiss National Bank Trims Holdings in Autodesk, Inc. $ADSK

Swiss National Bank lowered its position in Autodesk, Inc. (NASDAQ:ADSK) by 4.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 616,900 shares of the software company’s stock after selling 27,900 shares during the period. Swiss National Bank owned approximately 0.29% of Autodesk worth $195,971,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of ADSK. Clarity Wealth Advisors LLC lifted its stake in Autodesk by 2.3% during the 2nd quarter. Clarity Wealth Advisors LLC now owns 1,535 shares of the software company’s stock valued at $475,000 after acquiring an additional 35 shares during the period. Patron Partners LLC boosted its holdings in shares of Autodesk by 0.8% in the 3rd quarter. Patron Partners LLC now owns 4,295 shares of the software company’s stock valued at $1,364,000 after acquiring an additional 35 shares during the last quarter. Fulton Bank N.A. boosted its holdings in shares of Autodesk by 4.6% in the 3rd quarter. Fulton Bank N.A. now owns 812 shares of the software company’s stock valued at $258,000 after acquiring an additional 36 shares during the last quarter. Wedbush Securities Inc. increased its stake in shares of Autodesk by 2.6% in the second quarter. Wedbush Securities Inc. now owns 1,484 shares of the software company’s stock worth $459,000 after acquiring an additional 37 shares during the period. Finally, Catalyst Financial Partners LLC raised its holdings in shares of Autodesk by 3.8% during the third quarter. Catalyst Financial Partners LLC now owns 1,023 shares of the software company’s stock worth $325,000 after purchasing an additional 37 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ADSK shares. Morgan Stanley decreased their target price on shares of Autodesk from $385.00 to $350.00 and set an “overweight” rating for the company in a research report on Monday, February 23rd. KeyCorp reiterated an “overweight” rating on shares of Autodesk in a research note on Tuesday, December 16th. Weiss Ratings reissued a “hold (c+)” rating on shares of Autodesk in a report on Wednesday, January 21st. The Goldman Sachs Group upped their target price on Autodesk from $320.00 to $330.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Finally, Robert W. Baird raised their target price on Autodesk from $367.00 to $377.00 and gave the stock an “outperform” rating in a report on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $341.96.

Autodesk Trading Down 0.1%

Shares of Autodesk stock opened at $260.75 on Tuesday. The firm has a 50-day simple moving average of $256.00 and a two-hundred day simple moving average of $288.67. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.85 and a current ratio of 0.85. Autodesk, Inc. has a fifty-two week low of $215.01 and a fifty-two week high of $329.09. The company has a market cap of $55.02 billion, a P/E ratio of 49.76, a price-to-earnings-growth ratio of 1.73 and a beta of 1.45.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.64 by $0.21. The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.91 billion. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.Autodesk’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.29 EPS. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. As a group, equities analysts predict that Autodesk, Inc. 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.