Danske Bank A S Reduces Stock Position in Autodesk, Inc. $ADSK

Danske Bank A S cut its position in Autodesk, Inc. (NASDAQ:ADSK) by 17.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 288,826 shares of the software company’s stock after selling 60,056 shares during the quarter. Danske Bank A S’s holdings in Autodesk were worth $85,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Autodesk by 12.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,180 shares of the software company’s stock valued at $48,661,000 after purchasing an additional 17,358 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of Autodesk by 18.7% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 130,669 shares of the software company’s stock valued at $41,510,000 after purchasing an additional 20,543 shares during the period. OFI Invest Asset Management raised its stake in shares of 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 purchasing an additional 37,449 shares during the period. Pacific Heights Asset Management LLC raised its stake in shares of Autodesk by 26.9% during the 3rd quarter. Pacific Heights Asset Management LLC now owns 85,000 shares of the software company’s stock valued at $27,002,000 after purchasing an additional 18,000 shares during the period. Finally, Freemont Management S.A. bought a new stake in shares of Autodesk during the 3rd quarter valued at $4,765,000. 90.24% of the stock is owned by institutional investors.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $237.00 on Friday. The firm has a market capitalization of $50.08 billion, a P/E ratio of 45.23, a P/E/G ratio of 1.56 and a beta of 1.43. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.82. The stock’s 50-day simple moving average is $240.74 and its two-hundred day simple moving average is $269.24. Autodesk, Inc. has a twelve month low of $214.10 and a twelve month high of $329.09.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share for the quarter, topping analysts’ consensus estimates of $2.64 by $0.21. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.91 billion. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.The company’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.29 EPS. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. As a group, equities analysts anticipate that Autodesk, Inc. will post 9.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ADSK. BTIG Research decreased their price objective on Autodesk from $365.00 to $300.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Oppenheimer decreased their price objective on Autodesk from $375.00 to $325.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 24th. Morgan Stanley reiterated an “overweight” rating on shares of Autodesk in a research note on Wednesday, March 18th. Rosenblatt Securities decreased their target price on Autodesk from $375.00 to $330.00 and set a “buy” rating on the stock in a research note on Tuesday, February 24th. Finally, Wolfe Research upped their target price on Autodesk from $330.00 to $350.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $335.93.

Autodesk Company 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.