Assenagon Asset Management S.A. Increases Holdings in Autodesk, Inc. $ADSK

Assenagon Asset Management S.A. boosted its stake in Autodesk, Inc. (NASDAQ:ADSK) by 24.1% in the 1st quarter, Holdings Channel reports. The firm owned 24,764 shares of the software company’s stock after buying an additional 4,813 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Autodesk were worth $5,929,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. OFI Invest Asset Management raised its stake in Autodesk by 246.4% during the 4th quarter. OFI Invest Asset Management now owns 52,649 shares of the software company’s stock valued at $15,585,000 after acquiring an additional 37,449 shares in the last quarter. Man Group plc boosted its position in Autodesk by 28.6% during the 4th quarter. Man Group plc now owns 1,229,946 shares of the software company’s stock worth $364,076,000 after acquiring an additional 273,765 shares during the period. SG Americas Securities LLC grew its stake in shares of Autodesk by 158.4% in the first quarter. SG Americas Securities LLC now owns 272,548 shares of the software company’s stock worth $65,248,000 after purchasing an additional 167,064 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Autodesk by 46.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 532,504 shares of the software company’s stock worth $157,627,000 after purchasing an additional 169,099 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Autodesk by 0.5% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 946,476 shares of the software company’s stock valued at $280,166,000 after purchasing an additional 4,845 shares in the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Price Performance

Autodesk stock opened at $196.26 on Monday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78. Autodesk, Inc. has a 1-year low of $185.50 and a 1-year high of $329.09. The firm’s fifty day simple moving average is $227.71 and its 200-day simple moving average is $247.52. The company has a market capitalization of $41.41 billion, a P/E ratio of 28.61, a P/E/G ratio of 1.21 and a beta of 1.30.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data 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 period last year, the business earned $2.29 EPS. The firm’s 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. Sell-side analysts forecast that Autodesk, Inc. will post 9.64 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Janesh Moorjani acquired 2,500 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was acquired 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 approximately $10,079,786.31. This represents a 5.16% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stacy J. Smith bought 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 purchase, the director directly owned 26,517 shares in the company, valued at $6,129,934.89. The trade was a 14.88% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 7,935 shares of company stock valued at $1,666,644 over the last 90 days. 0.14% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on ADSK shares. Zacks Research lowered shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Royal Bank Of Canada lowered their price objective on shares of Autodesk from $335.00 to $305.00 and set an “outperform” rating on the stock in a research note on Friday, May 29th. Argus upgraded Autodesk to a “strong-buy” rating in a report on Friday, March 6th. Weiss Ratings restated a “hold (c)” rating on shares of Autodesk in a report on Wednesday, June 3rd. Finally, Bank of America reissued a “buy” rating and set a $300.00 price target on shares of Autodesk in a research report on Tuesday, May 12th. Two investment 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $326.10.

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.