Prudential PLC Sells 40,167 Shares of Autodesk, Inc. $ADSK

Prudential PLC lowered its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 81.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,882 shares of the software company’s stock after selling 40,167 shares during the period. Prudential PLC’s holdings in Autodesk were worth $2,629,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Torren Management LLC bought a new position in Autodesk during the 4th quarter valued at about $25,000. Measured Wealth Private Client Group LLC bought a new position in shares of Autodesk in the 3rd quarter worth approximately $25,000. Archer Investment Corp lifted its stake in shares of Autodesk by 112.2% in the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after purchasing an additional 46 shares during the period. High Point Wealth Management LLC bought a new position in shares of Autodesk in the 4th quarter worth approximately $44,000. Finally, iSAM Funds UK Ltd bought a new position in shares of Autodesk in the 3rd quarter worth approximately $46,000. Institutional investors own 90.24% of the company’s stock.

Autodesk News Roundup

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Autodesk signed a strategic collaboration agreement with AWS to bring cloud-based products into AWS Marketplace and improve cloud solutions for customers, which could widen distribution and strengthen enterprise adoption. Autodesk signs strategic collaboration agreement with Amazon Web Services
• Positive Sentiment: Autodesk lowered the minimum buy-in for Autodesk Flex to 33 tokens for $99 from 100 tokens for $300, making it easier and cheaper for small businesses to start using its products and potentially expanding its user base. Autodesk for Small Business update: Making it more affordable to get started with Autodesk Flex

Analyst Ratings Changes

ADSK has been the topic of several recent research reports. Wells Fargo & Company lowered their price objective on shares of Autodesk from $350.00 to $330.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. Loop Capital lowered their price objective on shares of Autodesk from $250.00 to $235.00 and set a “hold” rating on the stock in a research note on Friday, May 29th. Oppenheimer lowered their price objective on shares of Autodesk from $375.00 to $325.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 24th. Argus upgraded shares of Autodesk to a “strong-buy” rating in a research note on Friday, March 6th. Finally, Arete Research lowered their price objective on shares of Autodesk from $460.00 to $456.00 and set a “buy” rating on the stock in a research note on Thursday, March 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and an average target price of $327.21.

Insider Transactions at Autodesk

In other news, Director Stacy J. Smith bought 3,435 shares of Autodesk stock in a transaction that occurred on Friday, May 29th. The stock was bought at an average cost of $231.17 per share, with a total value of $794,068.95. Following the acquisition, the director owned 26,517 shares of the company’s stock, valued at $6,129,934.89. The trade was a 14.88% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.14% of the company’s stock.

Autodesk Stock Performance

Autodesk stock opened at $229.96 on Monday. The firm has a 50 day moving average of $237.72 and a 200 day moving average of $257.93. The firm has a market capitalization of $48.52 billion, a price-to-earnings ratio of 33.52, a P/E/G ratio of 1.43 and a beta of 1.30. Autodesk, Inc. has a 12-month low of $214.10 and a 12-month high of $329.09. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.15. The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The firm’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.29 EPS. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. As a group, research analysts predict that Autodesk, Inc. will post 9.55 earnings per share for the current 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.