Why Are ADSK Shares Falling Today?

Autodesk stock is trading -14.55% below its average target price of $233.61 after dropping -2.5% during today's afternoon session. Analysts are giving the large-cap Software company an average rating of buy and target prices ranging from $180.0 to $265.0 per share.

The stock has a very low short interest at 1.1%, and a short ratio of 1.83. The company's insiders own 0.25% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 94.6% of Autodesk's shares being owned by this investor type.

Institutions Invested in Autodesk

Date Reported Holder Percentage Shares Value
2023-03-31 Vanguard Group, Inc. (The) 9% 18,515,837 $3,696,131,291
2023-03-31 Blackrock Inc. 8% 17,097,545 $3,413,011,849
2023-03-31 State Street Corporation 4% 8,623,556 $1,721,434,206
2023-03-31 Polen Capital Management, LLC 4% 7,867,086 $1,570,427,668
2023-03-31 Loomis Sayles & Company, LP 3% 6,679,931 $1,333,447,793
2023-03-31 FMR, LLC 3% 5,617,823 $1,121,429,799
2023-03-31 Aristotle Capital Management, LLC 2% 4,908,306 $979,796,019
2023-03-31 Brown Advisory Inc. 2% 4,718,355 $941,878,002
2023-03-31 Ninety One UK Ltd 2% 4,406,367 $879,598,959
2023-03-31 Geode Capital Management, LLC 2% 3,993,264 $797,135,340
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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