ING Groep NV Sells 59,682 Shares of Autodesk, Inc. $ADSK

ING Groep NV trimmed its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 54.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 49,868 shares of the software company’s stock after selling 59,682 shares during the period. ING Groep NV’s holdings in Autodesk were worth $15,842,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Proffitt & Goodson Inc. bought a new position in Autodesk during the third quarter worth $27,000. Access Investment Management LLC acquired a new position in shares of Autodesk during the second quarter valued at about $28,000. Heartwood Wealth Advisors LLC bought a new position in shares of Autodesk during the 3rd quarter worth about $28,000. Tripletail Wealth Management LLC acquired a new stake in shares of Autodesk in the 3rd quarter valued at about $29,000. Finally, Financial Consulate Inc. acquired a new stake in shares of Autodesk in the 3rd quarter valued at about $32,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Performance

Shares of ADSK stock opened at $232.59 on Thursday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a 50-day moving average of $278.10 and a 200-day moving average of $295.77. Autodesk, Inc. has a one year low of $229.52 and a one year high of $329.09. The company has a market cap of $49.31 billion, a P/E ratio of 45.08, a P/E/G ratio of 1.70 and a beta of 1.45.

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, topping analysts’ consensus estimates of $2.50 by $0.17. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the prior year, the firm posted $2.17 EPS. The firm’s quarterly revenue was up 18.0% compared to the same quarter last year. 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 forecast that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ADSK has been the topic of several recent research reports. JPMorgan Chase & Co. upgraded Autodesk from a “neutral” rating to an “overweight” rating and set a $319.00 price target on the stock in a report on Monday, February 2nd. KeyCorp reiterated an “overweight” rating on shares of Autodesk in a report on Tuesday, December 16th. Wells Fargo & Company lifted their price target on shares of Autodesk from $375.00 to $380.00 and gave the company an “overweight” rating in a research report on Wednesday, November 26th. Rothschild & Co Redburn set a $375.00 price objective on shares of Autodesk in a report on Friday, January 9th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $340.00 price objective on shares of Autodesk in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and an average target price of $367.61.

Autodesk 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.