Autodesk, Inc. $ADSK Shares Sold by 2Xideas AG

2Xideas AG reduced its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 14.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 54,679 shares of the software company’s stock after selling 9,426 shares during the quarter. Autodesk comprises approximately 2.9% of 2Xideas AG’s holdings, making the stock its 7th biggest position. 2Xideas AG’s holdings in Autodesk were worth $16,927,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in Autodesk by 0.9% during the second quarter. Vanguard Group Inc. now owns 20,963,515 shares of the software company’s stock worth $6,489,675,000 after acquiring an additional 180,596 shares during the period. State Street Corp boosted its position in Autodesk by 1.8% in the 2nd quarter. State Street Corp now owns 10,086,995 shares of the software company’s stock worth $3,122,631,000 after purchasing an additional 174,247 shares in the last quarter. Loomis Sayles & Co. L P grew its stake in shares of Autodesk by 1.5% during the 2nd quarter. Loomis Sayles & Co. L P now owns 5,831,447 shares of the software company’s stock worth $1,805,241,000 after purchasing an additional 88,066 shares during the period. Geode Capital Management LLC increased its holdings in shares of Autodesk by 15.1% during the 2nd quarter. Geode Capital Management LLC now owns 5,606,264 shares of the software company’s stock valued at $1,730,415,000 after purchasing an additional 734,449 shares in the last quarter. Finally, Ninety One UK Ltd boosted its holdings in Autodesk by 3.7% during the second quarter. Ninety One UK Ltd now owns 5,338,125 shares of the software company’s stock worth $1,652,523,000 after buying an additional 191,448 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Trading Down 1.7%

ADSK stock opened at $301.39 on Tuesday. Autodesk, Inc. has a 12-month low of $232.67 and a 12-month high of $329.09. The business’s 50-day moving average is $304.18 and its 200 day moving average is $303.44. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.86. The stock has a market cap of $63.89 billion, a price-to-earnings ratio of 58.41, a PEG ratio of 2.49 and a beta of 1.47.

Autodesk (NASDAQ:ADSK) last released its earnings results on Tuesday, November 25th. The software company reported $2.67 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.17. Autodesk had a return on equity of 52.06% and a net margin of 16.09%.The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the business posted $2.17 earnings per share. The business’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. On average, sell-side analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Analysts Set New Price Targets

ADSK has been the subject of a number of recent analyst reports. Bank of America lifted their price objective on shares of Autodesk from $360.00 to $365.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. Weiss Ratings restated a “hold (c+)” rating on shares of Autodesk in a research note on Wednesday, October 8th. Wolfe Research upped their price target on Autodesk from $370.00 to $390.00 and gave the stock an “outperform” rating in a report on Wednesday, November 26th. Deutsche Bank Aktiengesellschaft upgraded Autodesk from a “hold” rating to a “buy” rating and increased their price target for the stock from $345.00 to $375.00 in a research report on Wednesday, November 26th. Finally, DA Davidson restated a “buy” rating and issued a $375.00 price objective on shares of Autodesk in a research report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Autodesk currently has a consensus rating of “Moderate Buy” and an average target price of $366.16.

Insider Transactions at Autodesk

In other news, Director Ayanna Howard sold 917 shares of the company’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $325.00, for a total transaction of $298,025.00. Following the completion of the sale, the director owned 3,476 shares of the company’s stock, valued at $1,129,700. This represents a 20.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.15% of the stock is currently owned by company insiders.

Autodesk Profile

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.