Anchor Capital Advisors LLC Cuts Stock Position in Autodesk, Inc. $ADSK

Anchor Capital Advisors LLC decreased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 147,541 shares of the software company’s stock after selling 3,387 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Autodesk were worth $43,674,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Catalyst Financial Partners LLC lifted its stake in shares of Autodesk by 3.8% during the third quarter. Catalyst Financial Partners LLC now owns 1,023 shares of the software company’s stock worth $325,000 after purchasing an additional 37 shares in the last quarter. Piscataqua Savings Bank lifted its position in Autodesk by 33.3% during the 4th quarter. Piscataqua Savings Bank now owns 160 shares of the software company’s stock worth $47,000 after acquiring an additional 40 shares in the last quarter. Moss Adams Wealth Advisors LLC boosted its holdings in Autodesk by 1.0% in the 4th quarter. Moss Adams Wealth Advisors LLC now owns 4,267 shares of the software company’s stock worth $1,263,000 after acquiring an additional 41 shares during the period. Keybank National Association OH boosted its holdings in Autodesk by 0.8% in the 3rd quarter. Keybank National Association OH now owns 5,403 shares of the software company’s stock worth $1,716,000 after acquiring an additional 42 shares during the period. Finally, Trust Point Inc. grew its position in Autodesk by 3.3% in the fourth quarter. Trust Point Inc. now owns 1,322 shares of the software company’s stock valued at $391,000 after acquiring an additional 42 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Stacy J. Smith bought 3,435 shares of the company’s stock in a transaction on Friday, May 29th. The shares were purchased at an average cost of $231.17 per share, with a total value of $794,068.95. Following the completion of the transaction, the director directly owned 26,517 shares of the company’s stock, valued at approximately $6,129,934.89. This represents a 14.88% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.14% of the stock is currently owned by company insiders.

Autodesk Trading Down 4.6%

NASDAQ:ADSK opened at $236.66 on Wednesday. The company has a market cap of $49.94 billion, a PE ratio of 34.50, a P/E/G ratio of 1.59 and a beta of 1.29. The business’s 50 day moving average is $238.53 and its two-hundred day moving average is $259.76. The company has a quick ratio of 0.85, a current ratio of 0.83 and a debt-to-equity ratio of 0.78. Autodesk, Inc. has a 52 week low of $214.10 and a 52 week high of $329.09.

Autodesk (NASDAQ:ADSK) last posted its quarterly 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 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 analyst estimates of $1.89 billion. During the same period in the prior year, the company posted $2.29 EPS. The business’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. On average, analysts predict that Autodesk, Inc. will post 9.36 EPS for the current year.

Wall Street Analyst Weigh In

ADSK has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on shares of Autodesk from $319.00 to $336.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. BMO Capital Markets dropped their price target on shares of Autodesk from $279.00 to $262.00 and set a “market perform” rating on the stock in a research note on Friday, May 29th. Morgan Stanley cut their price objective 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. Royal Bank Of Canada decreased their price objective on shares of Autodesk from $335.00 to $305.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Rothschild & Co Redburn dropped their target price on Autodesk from $375.00 to $360.00 and set a “buy” rating on the stock in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $327.21.

Key Autodesk News

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Autodesk’s Q1 earnings call highlighted a solid beat, with management emphasizing its planned MaintainX acquisition and continued AI integration into engineering workflows, which could support long-term growth. ADSK Q1 Earnings Call Puts MaintainX & AI at the Center
• Positive Sentiment: Several analyst actions remain favorable, including Rosenblatt’s reiterated Buy rating with a $330 target and Zacks’ upgrade to Rank #2 (Buy), signaling continued optimism about Autodesk’s earnings outlook. Read More
• Positive Sentiment: Rothschild & Co Redburn also maintained a Buy rating, though it trimmed its price target to $360 from $375, suggesting analysts still see substantial upside from current levels. MarketScreener / Tickerreport.com
• Neutral Sentiment: Autodesk continues to be viewed as a strong growth stock by some research screens, reinforcing the idea that fundamentals remain intact despite recent volatility. Here’s Why Autodesk (ADSK) is a Strong Growth Stock
• Negative Sentiment: Despite the upbeat operational and analyst news, ADSK has been trending lower overall, with shares recently falling and still down meaningfully year to date, indicating investor concern about the stock’s near-term momentum. Autodesk Inc (ADSK) Shares Fall 4.6% — What GF Score of 90 Tells Investors

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.