Bank of New York Mellon Corp Sells 26,226 Shares of Autodesk, Inc. $ADSK

Bank of New York Mellon Corp reduced its stake in shares of Autodesk, Inc. (NASDAQ:ADSKFree Report) by 2.0% during the 4th quarter, HoldingsChannel reports. The fund owned 1,277,646 shares of the software company’s stock after selling 26,226 shares during the period. Bank of New York Mellon Corp’s holdings in Autodesk were worth $378,196,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Autodesk by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 21,493,167 shares of the software company’s stock worth $6,362,192,000 after acquiring an additional 78,928 shares during the last quarter. Geode Capital Management LLC increased its stake in Autodesk by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 5,682,041 shares of the software company’s stock worth $1,677,404,000 after acquiring an additional 123,691 shares during the last quarter. Norges Bank bought a new stake in Autodesk during the fourth quarter worth approximately $867,480,000. Amundi increased its stake in Autodesk by 3.0% during the third quarter. Amundi now owns 2,726,105 shares of the software company’s stock worth $881,704,000 after acquiring an additional 79,171 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Autodesk by 0.4% during the third quarter. Northern Trust Corp now owns 2,517,683 shares of the software company’s stock worth $799,792,000 after acquiring an additional 10,169 shares during the last quarter. 90.24% of the stock is owned by institutional investors.

Autodesk Stock Up 1.8%

Shares of NASDAQ:ADSK opened at $233.64 on Friday. Autodesk, Inc. has a 1 year low of $214.10 and a 1 year high of $329.09. The business has a 50 day simple moving average of $237.83 and a two-hundred day simple moving average of $258.36. The firm has a market capitalization of $49.30 billion, a PE ratio of 34.06, a price-to-earnings-growth ratio of 1.46 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 0.85.

Autodesk (NASDAQ:ADSKGet Free Report) last announced its earnings results 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 during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the previous year, the business earned $2.29 earnings per share. The company’s revenue for the quarter was up 18.4% compared to the same quarter last year. 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, equities analysts predict that Autodesk, Inc. will post 9.35 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ADSK. Deutsche Bank Aktiengesellschaft reduced their price objective on Autodesk from $375.00 to $330.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Argus raised Autodesk to a “strong-buy” rating in a research note on Friday, March 6th. Arete Research reduced their price objective on Autodesk from $460.00 to $456.00 and set a “buy” rating on the stock in a research note on Thursday, March 26th. Jefferies Financial Group raised Autodesk to a “strong-buy” rating in a research note on Tuesday, May 26th. Finally, Oppenheimer dropped their target price on Autodesk from $375.00 to $325.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $327.21.

Get Our Latest Analysis on ADSK

Autodesk News Roundup

Here are the key news stories impacting Autodesk this week:

Insider Activity

In other news, Director Stacy J. Smith purchased 3,435 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was purchased at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the completion of the acquisition, the director owned 26,517 shares of the company’s stock, valued at approximately $6,129,934.89. This trade represents a 14.88% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.14% of the company’s stock.

Autodesk Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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