Autodesk, Inc. $ADSK Shares Sold by BLI Banque de Luxembourg Investments

BLI Banque de Luxembourg Investments lowered its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 6.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,151 shares of the software company’s stock after selling 4,729 shares during the quarter. BLI Banque de Luxembourg Investments’ holdings in Autodesk were worth $21,321,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Autodesk by 0.4% during the 4th 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 period. Geode Capital Management LLC boosted its position in Autodesk by 2.2% during the 4th 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 period. Norges Bank acquired a new position in Autodesk during the 4th quarter worth $867,480,000. Amundi boosted its position in Autodesk by 3.0% during the 3rd 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 period. Finally, Northern Trust Corp boosted its position in Autodesk by 0.4% during the 3rd 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 period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ADSK. Morgan Stanley reduced their price target on Autodesk from $350.00 to $315.00 and set an “overweight” rating for the company in a research report on Tuesday, May 26th. Piper Sandler cut their price objective on Autodesk from $383.00 to $369.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Bank of America restated a “buy” rating and issued a $300.00 price objective on shares of Autodesk in a report on Tuesday, May 12th. JPMorgan Chase & Co. upped their price objective on Autodesk from $319.00 to $336.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Finally, Stifel Nicolaus cut their price objective on Autodesk from $375.00 to $285.00 and set a “buy” rating for the company in a report on Monday, February 23rd. Two equities 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $327.21.

Insider Buying and Selling

In other news, Director Stacy J. Smith bought 3,435 shares of the stock in a transaction on Friday, May 29th. The shares were purchased at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the completion of the purchase, the director directly owned 26,517 shares of the company’s stock, valued at $6,129,934.89. This trade represents a 14.88% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is owned by company insiders.

Autodesk Stock Performance

Shares of ADSK stock opened at $225.04 on Tuesday. Autodesk, Inc. has a 1-year low of $214.10 and a 1-year high of $329.09. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $47.48 billion, a price-to-earnings ratio of 32.80, a P/E/G ratio of 1.43 and a beta of 1.30. The stock’s fifty day simple moving average is $237.42 and its 200-day simple moving average is $257.45.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the company posted $2.29 earnings per share. Autodesk’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, sell-side analysts predict that Autodesk, Inc. will post 9.55 earnings per share for the current fiscal 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.