Candriam S.C.A. Lowers Stock Holdings in Autodesk, Inc. $ADSK

Candriam S.C.A. lessened its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 1.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 265,514 shares of the software company’s stock after selling 3,196 shares during the quarter. Candriam S.C.A.’s holdings in Autodesk were worth $63,564,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Autodesk by 0.4% in the fourth 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. State Street Corp boosted its stake in Autodesk by 0.7% in the 4th quarter. State Street Corp now owns 10,157,826 shares of the software company’s stock worth $3,006,818,000 after purchasing an additional 70,053 shares during the period. Geode Capital Management LLC grew its holdings 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 valued at $1,677,404,000 after buying an additional 123,691 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Autodesk by 46.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,989,372 shares of the software company’s stock valued at $884,884,000 after buying an additional 952,343 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Autodesk in the fourth quarter worth $867,480,000. 90.24% of the stock is owned by institutional investors.

Autodesk Stock Performance

Autodesk stock opened at $208.45 on Friday. The company’s 50-day moving average price is $220.68 and its 200-day moving average price is $241.36. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.78. The company has a market cap of $43.98 billion, a PE ratio of 30.39, a price-to-earnings-growth ratio of 1.28 and a beta of 1.32. Autodesk, Inc. has a twelve month low of $185.50 and a twelve month high of $329.09.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.15. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.89 billion. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.29 EPS. 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, equities research analysts forecast that Autodesk, Inc. will post 9.64 EPS for the current fiscal year.

Insider Activity

In related news, Director Stacy J. Smith bought 3,435 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were purchased 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 trade represents a 14.88% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John T. Cahill purchased 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were bought at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the acquisition, the director directly owned 4,000 shares in the company, valued at $756,800. This trade represents a 100.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 7,935 shares of company stock valued at $1,666,644 in the last ninety days. Insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

ADSK has been the subject of several research reports. Wells Fargo & Company dropped their price objective on shares of Autodesk from $350.00 to $330.00 and set an “overweight” rating for the company in a report on Friday, May 29th. DA Davidson reaffirmed a “buy” rating and issued a $325.00 target price on shares of Autodesk in a report on Friday, May 29th. Jefferies Financial Group raised Autodesk to a “strong-buy” rating in a research note on Tuesday, May 26th. Citigroup lifted their price objective on Autodesk from $246.00 to $252.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th. Finally, Bank of America reaffirmed a “buy” rating and set a $300.00 price objective on shares of Autodesk in a 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 issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $326.10.

Autodesk 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.