UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 170,088 Shares of Autodesk, Inc. $ADSK

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 5.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,159,489 shares of the software company’s stock after selling 170,088 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Autodesk were worth $935,240,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of ADSK. Brighton Jones LLC boosted its holdings in shares of Autodesk by 14.5% during the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock valued at $343,000 after buying an additional 147 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of Autodesk by 98.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock valued at $765,000 after buying an additional 1,224 shares in the last quarter. Schnieders Capital Management LLC. bought a new stake in shares of Autodesk during the 2nd quarter valued at $466,000. Baird Financial Group Inc. boosted its holdings in shares of Autodesk by 7.5% during the 2nd quarter. Baird Financial Group Inc. now owns 10,048 shares of the software company’s stock valued at $3,111,000 after buying an additional 701 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of Autodesk by 25.3% during the 2nd quarter. NewEdge Advisors LLC now owns 13,860 shares of the software company’s stock valued at $4,291,000 after buying an additional 2,795 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Insiders Place Their Bets

In other Autodesk news, Director Stacy J. Smith bought 3,435 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was acquired at an average price of $231.17 per share, with a total value of $794,068.95. Following the transaction, the director owned 26,517 shares in the company, valued at $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 this link. Company insiders own 0.14% of the company’s stock.

Autodesk Price Performance

ADSK opened at $198.43 on Friday. The stock has a 50-day moving average price of $235.55 and a 200-day moving average price of $255.52. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market cap of $41.87 billion, a PE ratio of 28.93, a P/E/G ratio of 1.27 and a beta of 1.29. Autodesk, Inc. has a 1 year low of $194.47 and a 1 year high of $329.09.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the previous year, the firm earned $2.29 EPS. Autodesk’s revenue was up 18.4% on a year-over-year basis. 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 predict that Autodesk, Inc. will post 9.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ADSK shares. Deutsche Bank Aktiengesellschaft lowered their price target on Autodesk from $375.00 to $330.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Barclays lowered their price target on Autodesk from $315.00 to $300.00 and set an “overweight” rating for the company in a research report on Wednesday, May 13th. BMO Capital Markets lowered their price target on Autodesk from $279.00 to $262.00 and set a “market perform” rating for the company in a research report on Friday, May 29th. Jefferies Financial Group raised Autodesk to a “strong-buy” rating in a research report on Tuesday, May 26th. Finally, Oppenheimer lowered their price target on Autodesk from $375.00 to $325.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Two 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. According to MarketBeat, Autodesk currently has an average rating of “Moderate Buy” and an average price target of $327.21.

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.