Candriam S.C.A. Decreases Position in Autodesk, Inc. $ADSK

Candriam S.C.A. lessened its position in Autodesk, Inc. (NASDAQ:ADSK) by 1.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 265,514 shares of the software company’s stock after selling 3,196 shares during the period. Candriam S.C.A. owned about 0.13% of Autodesk worth $63,564,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ADSK. Vanguard Group Inc. increased its holdings in shares of Autodesk by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 21,493,167 shares of the software company’s stock worth $6,362,192,000 after purchasing an additional 78,928 shares in the last quarter. State Street Corp boosted its position in shares of Autodesk by 0.7% during the fourth quarter. State Street Corp now owns 10,157,826 shares of the software company’s stock valued at $3,006,818,000 after buying an additional 70,053 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Autodesk by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 5,682,041 shares of the software company’s stock valued at $1,677,404,000 after buying an additional 123,691 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Autodesk by 46.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,989,372 shares of the software company’s stock worth $884,884,000 after buying an additional 952,343 shares in the last quarter. Finally, Norges Bank purchased a new position in Autodesk in the 4th quarter worth about $867,480,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Insider Transactions at Autodesk

In related news, EVP Janesh Moorjani bought 2,500 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were bought at an average cost of $197.67 per share, with a total value of $494,175.00. Following the acquisition, the executive vice president owned 50,993 shares in the company, valued at $10,079,786.31. This trade represents a 5.16% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John T. Cahill purchased 2,000 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were bought at an average cost of $189.20 per share, with a total value of $378,400.00. Following the acquisition, the director directly owned 4,000 shares of the company’s stock, valued at $756,800. This trade represents a 100.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 7,935 shares of company stock worth $1,666,644 in the last three months. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

ADSK has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Autodesk from $350.00 to $330.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. BNP Paribas Exane began coverage on shares of Autodesk in a research report on Thursday, June 18th. They set an “outperform” rating and a $295.00 price objective on the stock. Morgan Stanley dropped their target price on shares of Autodesk from $350.00 to $315.00 and set an “overweight” rating on the stock in a report on Tuesday, May 26th. Citigroup lifted their target price on shares of Autodesk from $246.00 to $252.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Finally, Royal Bank Of Canada decreased their target price on shares of Autodesk from $335.00 to $305.00 and set an “outperform” rating for the company in a research note on Friday, May 29th. Two equities research 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $326.10.

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $208.45 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $43.98 billion, a PE ratio of 30.39, a price-to-earnings-growth ratio of 1.28 and a beta of 1.32. The firm’s 50 day moving average price is $220.68 and its 200-day moving average price is $241.36. Autodesk, Inc. has a twelve month low of $185.50 and a twelve month high of $329.09.

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 net margin of 19.49% and a return on equity of 57.14%. The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period in the previous year, the business posted $2.29 earnings per share. The firm’s quarterly revenue 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. Equities research analysts expect that Autodesk, Inc. will post 9.64 EPS for the current year.

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.