Autodesk, Inc. $ADSK Stock: Seilern Investment Management Ltd Trims Position

Seilern Investment Management Ltd trimmed its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 9.5% during the third quarter, Holdings Channel reports. The institutional investor owned 206,140 shares of the software company’s stock after selling 21,535 shares during the period. Autodesk makes up 5.4% of Seilern Investment Management Ltd’s portfolio, making the stock its 10th biggest holding. Seilern Investment Management Ltd’s holdings in Autodesk were worth $43,083,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. NorthCrest Asset Manangement LLC increased its stake in shares of Autodesk by 44.2% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 1,494 shares of the software company’s stock valued at $312,000 after acquiring an additional 458 shares during the last quarter. Mirador Capital Partners LP acquired a new stake in shares of Autodesk in the third quarter worth approximately $233,000. Bill Few Associates Inc. acquired a new stake in shares of Autodesk in the third quarter worth approximately $2,010,000. Wedmont Private Capital grew its holdings in Autodesk by 3.3% in the third quarter. Wedmont Private Capital now owns 3,772 shares of the software company’s stock valued at $788,000 after purchasing an additional 119 shares during the period. Finally, Stableford Capital II LLC acquired a new position in Autodesk during the third quarter worth approximately $1,077,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on ADSK. Cantor Fitzgerald assumed coverage on shares of Autodesk in a research note on Monday, September 14th. They set a “neutral” rating and a $215.00 price target on the stock. BMO Capital Markets upped their price objective on Autodesk from $262.00 to $283.00 and gave the stock a “market perform” rating in a report on Friday, August 28th. Guggenheim reaffirmed a “buy” rating and issued a $283.00 target price on shares of Autodesk in a research report on Monday, September 21st. Rosenblatt Securities reiterated a “buy” rating and issued a $330.00 target price on shares of Autodesk in a report on Monday, August 31st. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $305.00 price target on shares of Autodesk in a research report on Thursday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $316.84.

Autodesk Trading Down 1.1%

ADSK stock traded down $2.60 during midday trading on Tuesday, reaching $230.94. 461,582 shares of the company’s stock traded hands, compared to its average volume of 2,297,309. The company has a market capitalization of $48.27 billion, a P/E ratio of 29.88, a PEG ratio of 1.56 and a beta of 1.33. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.86 and a quick ratio of 0.86. Autodesk, Inc. has a fifty-two week low of $185.50 and a fifty-two week high of $320.00. The business has a 50-day moving average price of $233.13 and a two-hundred day moving average price of $227.87.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.12 by $0.18. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the previous year, the firm earned $2.62 earnings per share. Autodesk’s revenue for the quarter was up 16.1% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. Equities research analysts forecast that Autodesk, Inc. will post 9.70 EPS for the current fiscal year.

Autodesk Profile

Autodesk, Inc develops software and cloud-based services for people and organizations involved in architecture, engineering, construction, manufacturing, media and entertainment, and other design-related industries. Its tools help customers create, visualize, simulate and manage digital models and workflows throughout the product and building lifecycle.

The company’s products include AutoCAD for computer-aided design; Revit for building information modeling; Civil 3D for civil engineering and infrastructure design; Inventor and Fusion for product design and manufacturing; and Maya, 3ds Max and Arnold for media and entertainment production.