Nissay Asset Management Corp Japan Sells 63,791 Shares of Autodesk, Inc. $ADSK

Nissay Asset Management Corp Japan reduced its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 44.9% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 78,168 shares of the software company’s stock after selling 63,791 shares during the quarter. Nissay Asset Management Corp Japan’s holdings in Autodesk were worth $15,197,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Autodesk in the second quarter worth $4,828,855,000. Bank of America Corp DE purchased a new position in Autodesk in the 2nd quarter worth about $576,727,000. Norges Bank purchased a new position in Autodesk in the 4th quarter worth about $867,480,000. Northwestern Mutual Wealth Management Co. lifted its stake in Autodesk by 44,345.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,280,515 shares of the software company’s stock valued at $675,055,000 after acquiring an additional 2,275,384 shares during the period. Finally, Legal & General Group Plc bought a new position in Autodesk during the 2nd quarter valued at about $422,928,000. Institutional investors own 90.24% of the company’s stock.

More Autodesk News

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Autodesk reported fiscal Q2 revenue of $2.05 billion, up 16% year over year, and adjusted EPS of $3.30, exceeding analyst expectations of $2.01 billion and $3.12, respectively. Growth was supported by strong renewals, cloud sales, construction activity and operating leverage. Autodesk fiscal 2027 second-quarter results
• Positive Sentiment: The company raised fiscal 2027 billings and revenue expectations, with full-year revenue guidance of approximately $8.6 billion to $8.7 billion. Management highlighted artificial intelligence, sales productivity and the MaintainX acquisition as longer-term growth drivers. Autodesk raises fiscal 2027 billings outlook
• Positive Sentiment: Several analysts remain constructive. BTIG reaffirmed a Buy rating with a $300 target, Bank of America maintained its Buy rating and $300 target, while BNP Paribas Exane raised its target to $300. Analysts cited subscription momentum and expectations that margins can improve despite MaintainX-related costs. Analyst rating coverage
• Neutral Sentiment: Autodesk is expanding its AI strategy and operations-management offerings through MaintainX. While these initiatives could broaden the company’s addressable market, investors are assessing execution risks and the timing of financial benefits.
• Negative Sentiment: Fiscal Q3 adjusted EPS guidance of $3.04 to $3.09 was below Wall Street expectations. The outlook for operating margins and costs was also viewed as cautious, raising concerns that acquisition expenses and AI investment could pressure near-term profitability. Autodesk quarterly profit forecast
• Negative Sentiment: The mixed outlook prompted profit-taking after the earnings beat. Although full-year revenue and EPS guidance exceeded some consensus measures, investors appeared more focused on the weaker quarterly profit outlook and margin trajectory.

Insider Buying and Selling at Autodesk

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

Wall Street Analyst Weigh In

ADSK has been the subject of a number of research analyst reports. Weiss Ratings lowered shares of Autodesk from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 10th. Citigroup increased their price objective on shares of Autodesk from $252.00 to $269.00 and gave the company a “neutral” rating in a research report on Thursday, August 20th. DA Davidson set a $325.00 target price on shares of Autodesk in a report on Friday. Robert W. Baird lifted their target price on shares of Autodesk from $312.00 to $325.00 and gave the stock an “outperform” rating in a research report on Friday, August 21st. Finally, Royal Bank Of Canada decreased their target price on shares of Autodesk from $335.00 to $305.00 and set an “outperform” rating for the company in a research note on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and an average target price of $321.07.

Autodesk Trading Down 3.7%

NASDAQ:ADSK opened at $260.66 on Friday. Autodesk, Inc. has a one year low of $185.50 and a one year high of $329.09. The business has a fifty day moving average price of $225.93 and a 200-day moving average price of $232.29. The firm has a market capitalization of $55.00 billion, a price-to-earnings ratio of 33.72, a price-to-earnings-growth ratio of 1.60 and a beta of 1.29. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.83.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.12 by $0.18. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.01 billion. Autodesk had a net margin of 21.08% and a return on equity of 60.27%. The company’s revenue was up 16.1% on a year-over-year basis. During the same period last year, the firm posted $2.62 EPS. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. Sell-side analysts forecast that Autodesk, Inc. will post 9.7 EPS for the current year.

Autodesk Company 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.