BI Asset Management Fondsmaeglerselskab A S Grows Stake in Autodesk, Inc. $ADSK

BI Asset Management Fondsmaeglerselskab A S lifted its position in Autodesk, Inc. (NASDAQ:ADSK) by 5.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 137,241 shares of the software company’s stock after purchasing an additional 6,572 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Autodesk were worth $40,625,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Measured Wealth Private Client Group LLC bought a new stake in Autodesk during the third quarter valued at about $25,000. Torren Management LLC bought a new stake in Autodesk during the 4th quarter valued at approximately $25,000. Archer Investment Corp lifted its holdings in Autodesk by 112.2% in the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after purchasing an additional 46 shares in the last quarter. High Point Wealth Management LLC bought a new position in Autodesk in the 4th quarter worth approximately $44,000. Finally, iSAM Funds UK Ltd bought a new position in Autodesk in the 3rd quarter worth approximately $46,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Stock Down 1.6%

Shares of NASDAQ:ADSK opened at $229.96 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 $237.72 and a two-hundred day simple moving average of $258.17. The firm has a market capitalization of $48.52 billion, a PE ratio of 33.52, a price-to-earnings-growth ratio of 1.48 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:ADSK) 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 research firms have weighed in on ADSK. Citigroup upped their price target on Autodesk from $246.00 to $252.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th. Rothschild & Co Redburn dropped their price target on Autodesk from $375.00 to $360.00 and set a “buy” rating for the company in a research note on Monday, June 1st. Wolfe Research upped their price target on Autodesk from $330.00 to $350.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. UBS Group reissued a “buy” rating on shares of Autodesk in a report on Friday, May 29th. Finally, Wells Fargo & Company cut their price objective on Autodesk from $350.00 to $330.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $327.21.

Autodesk News Roundup

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Autodesk signed a strategic collaboration agreement with AWS to bring cloud-based products into AWS Marketplace and improve cloud solutions for customers, which could widen distribution and strengthen enterprise adoption. Autodesk signs strategic collaboration agreement with Amazon Web Services
• Positive Sentiment: Autodesk lowered the minimum buy-in for Autodesk Flex to 33 tokens for $99 from 100 tokens for $300, making it easier and cheaper for small businesses to start using its products and potentially expanding its user base. Autodesk for Small Business update: Making it more affordable to get started with Autodesk Flex

Insider Activity

In other Autodesk news, Director Stacy J. Smith bought 3,435 shares of the company’s stock in a transaction on Friday, May 29th. The stock was acquired at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the completion of the transaction, the director directly owned 26,517 shares of the company’s stock, valued at approximately $6,129,934.89. This represents a 14.88% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is owned by company insiders.

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.