BI Asset Management Fondsmaeglerselskab A S Sells 32,823 Shares of Autodesk, Inc. $ADSK

BI Asset Management Fondsmaeglerselskab A S trimmed its position in Autodesk, Inc. (NASDAQ:ADSK) by 23.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,418 shares of the software company’s stock after selling 32,823 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Autodesk were worth $24,998,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Torren Management LLC acquired a new position in Autodesk during the 4th quarter valued at about $25,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Autodesk during the 3rd quarter worth approximately $25,000. Kemnay Advisory Services Inc. bought a new stake in shares of Autodesk during the fourth quarter worth approximately $25,000. Archer Investment Corp raised its stake in shares of Autodesk by 112.2% during the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after buying an additional 46 shares during the last quarter. Finally, Prosperity Bancshares Inc acquired a new position in Autodesk in the fourth quarter valued at approximately $27,000. 90.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ADSK has been the topic of a number of recent research reports. Arete Research reduced their price objective on shares of Autodesk from $460.00 to $456.00 and set a “buy” rating on the stock in a research note on Thursday, March 26th. Argus upgraded shares of Autodesk to a “strong-buy” rating in a research report on Friday, March 6th. Barclays cut their price target on Autodesk from $315.00 to $300.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 13th. Citigroup raised their price target on Autodesk from $246.00 to $252.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Finally, Loop Capital decreased their price objective on Autodesk from $250.00 to $235.00 and set a “hold” rating for the company in a research note on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $326.10.

Autodesk Price Performance

Autodesk stock opened at $193.82 on Friday. The company’s 50 day simple moving average is $231.38 and its 200 day simple moving average is $251.95. Autodesk, Inc. has a fifty-two week low of $190.86 and a fifty-two week high of $329.09. The firm has a market capitalization of $40.90 billion, a price-to-earnings ratio of 28.25, a PEG ratio of 1.19 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 issued its earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, beating the consensus estimate of $2.84 by $0.15. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.89 billion. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The business’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.29 earnings per share. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. As a group, sell-side analysts anticipate that Autodesk, Inc. will post 9.64 EPS for the current year.

Insider Buying and Selling at Autodesk

In other Autodesk news, EVP Janesh Moorjani acquired 2,500 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were acquired at an average price of $197.67 per share, with a total value of $494,175.00. Following the purchase, the executive vice president owned 50,993 shares of the company’s stock, valued at $10,079,786.31. This represents a 5.16% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Stacy J. Smith bought 3,435 shares of Autodesk stock in a transaction on Friday, May 29th. The shares were acquired 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 represents a 14.88% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.14% of the stock is owned by insiders.

About Autodesk

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.