Autodesk, Inc. $ADSK Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lowered its stake in Autodesk, Inc. (NASDAQ:ADSK) by 13.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 166,771 shares of the software company’s stock after selling 26,291 shares during the period. Handelsbanken Fonder AB’s holdings in Autodesk were worth $32,424,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quantinno Capital Management LP boosted its holdings in shares of Autodesk by 17.8% in the first quarter. Quantinno Capital Management LP now owns 385,572 shares of the software company’s stock worth $92,306,000 after buying an additional 58,285 shares during the period. SG Americas Securities LLC increased its position in shares of Autodesk by 158.4% in the first quarter. SG Americas Securities LLC now owns 272,548 shares of the software company’s stock worth $65,248,000 after acquiring an additional 167,064 shares in the last quarter. Man Group plc raised its holdings in shares of Autodesk by 28.6% during the fourth quarter. Man Group plc now owns 1,229,946 shares of the software company’s stock valued at $364,076,000 after acquiring an additional 273,765 shares during the period. Seilern Investment Management Ltd raised its holdings in shares of Autodesk by 11.0% during the second quarter. Seilern Investment Management Ltd now owns 227,675 shares of the software company’s stock valued at $44,265,000 after acquiring an additional 22,547 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Autodesk by 9.1% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,032,443 shares of the software company’s stock valued at $247,167,000 after acquiring an additional 85,967 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Buying and Selling at Autodesk

In other Autodesk news, EVP Janesh Moorjani acquired 2,500 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was acquired at an average price of $197.67 per share, with a total value of $494,175.00. Following the transaction, the executive vice president owned 50,993 shares of the company’s stock, valued at approximately $10,079,786.31. This trade represents a 5.16% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John T. Cahill purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The shares were acquired at an average price of $189.20 per share, with a total value of $378,400.00. Following the completion of the acquisition, the director owned 4,000 shares of the company’s stock, valued at approximately $756,800. The trade was a 100.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought 7,935 shares of company stock worth $1,666,644 over the last ninety days. Company insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

ADSK has been the subject of a number of recent analyst reports. Morgan Stanley decreased their price objective on shares of Autodesk from $350.00 to $315.00 and set an “overweight” rating for the company in a research note on Tuesday, May 26th. KeyCorp reduced their target price on Autodesk from $365.00 to $341.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. BNP Paribas Exane assumed coverage on Autodesk in a research report on Thursday, June 18th. They issued an “outperform” rating and a $295.00 target price for the company. Citigroup raised their target price on Autodesk from $246.00 to $252.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Finally, Royal Bank Of Canada dropped their price target on Autodesk from $335.00 to $305.00 and set an “outperform” rating on the stock in a research report on Friday, May 29th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and a consensus target price of $321.07.

Autodesk Trading Down 1.7%

Shares of NASDAQ ADSK opened at $251.59 on Wednesday. The business has a 50 day simple moving average of $214.99 and a 200 day simple moving average of $232.37. Autodesk, Inc. has a 52 week low of $185.50 and a 52 week high of $329.09. The stock has a market cap of $53.09 billion, a price-to-earnings ratio of 36.67, a PEG ratio of 1.58 and a beta of 1.29. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 0.83.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.15. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.89 billion. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. Autodesk’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter last year, the firm earned $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. On average, research analysts predict that Autodesk, Inc. will post 9.64 earnings per share for the current fiscal year.

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.