Anchor Capital Advisors LLC Trims Position in Autodesk, Inc. $ADSK

Anchor Capital Advisors LLC lowered its position in Autodesk, Inc. (NASDAQ:ADSK) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 147,541 shares of the software company’s stock after selling 3,387 shares during the quarter. Anchor Capital Advisors LLC owned about 0.07% of Autodesk worth $43,674,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Autodesk during the 4th quarter valued at approximately $867,480,000. Northwestern Mutual Wealth Management Co. increased its position in shares of 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 worth $675,055,000 after purchasing an additional 2,275,384 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Autodesk by 326.9% during the 3rd quarter. Wellington Management Group LLP now owns 918,010 shares of the software company’s stock worth $291,624,000 after purchasing an additional 702,974 shares during the last quarter. First Trust Advisors LP raised its holdings in Autodesk by 197.1% in the 3rd quarter. First Trust Advisors LP now owns 910,768 shares of the software company’s stock valued at $289,324,000 after buying an additional 604,235 shares during the period. Finally, Two Sigma Investments LP lifted its position in Autodesk by 51,159.6% in the third quarter. Two Sigma Investments LP now owns 512,596 shares of the software company’s stock valued at $162,836,000 after buying an additional 511,596 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Stock Down 4.6%

Shares of NASDAQ ADSK opened at $236.66 on Wednesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.85. The firm’s 50-day moving average is $238.53 and its two-hundred day moving average is $259.76. The company has a market capitalization of $49.94 billion, a PE ratio of 34.50, a price-to-earnings-growth ratio of 1.59 and a beta of 1.29. Autodesk, Inc. has a 12-month low of $214.10 and a 12-month high of $329.09.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.15. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the prior year, the business earned $2.29 earnings per share. The business’s revenue was up 18.4% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. Equities analysts anticipate that Autodesk, Inc. will post 9.36 EPS for the current fiscal year.

Insider Buying and Selling at Autodesk

In related news, Director Stacy J. Smith purchased 3,435 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were bought at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the acquisition, the director directly owned 26,517 shares in the company, valued at $6,129,934.89. This trade represents a 14.88% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. 0.14% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ADSK shares. Stifel Nicolaus lowered their price objective on shares of Autodesk from $375.00 to $285.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. Rothschild & Co Redburn decreased their target price on Autodesk from $375.00 to $360.00 and set a “buy” rating on the stock in a research note on Monday. BMO Capital Markets cut their price target on shares of Autodesk from $279.00 to $262.00 and set a “market perform” rating on the stock in a research note on Friday, May 29th. Arete Research lowered their price objective on shares of Autodesk from $460.00 to $456.00 and set a “buy” rating for the company in a research note on Thursday, March 26th. Finally, Zacks Research downgraded shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $327.21.

Key Stories Impacting Autodesk

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Autodesk’s Q1 earnings call highlighted a solid beat, with management emphasizing its planned MaintainX acquisition and continued AI integration into engineering workflows, which could support long-term growth. ADSK Q1 Earnings Call Puts MaintainX & AI at the Center
• Positive Sentiment: Several analyst actions remain favorable, including Rosenblatt’s reiterated Buy rating with a $330 target and Zacks’ upgrade to Rank #2 (Buy), signaling continued optimism about Autodesk’s earnings outlook. Read More
• Positive Sentiment: Rothschild & Co Redburn also maintained a Buy rating, though it trimmed its price target to $360 from $375, suggesting analysts still see substantial upside from current levels. MarketScreener / Tickerreport.com
• Neutral Sentiment: Autodesk continues to be viewed as a strong growth stock by some research screens, reinforcing the idea that fundamentals remain intact despite recent volatility. Here’s Why Autodesk (ADSK) is a Strong Growth Stock
• Negative Sentiment: Despite the upbeat operational and analyst news, ADSK has been trending lower overall, with shares recently falling and still down meaningfully year to date, indicating investor concern about the stock’s near-term momentum. Autodesk Inc (ADSK) Shares Fall 4.6% — What GF Score of 90 Tells Investors

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.