Royal London Asset Management Ltd. Decreases Stake in Autodesk, Inc. $ADSK

Royal London Asset Management Ltd. reduced its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 39.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 261,537 shares of the software company’s stock after selling 173,112 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Autodesk were worth $50,848,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new position in Autodesk during the 2nd quarter valued at about $4,828,855,000. Bank of America Corp DE acquired a new position in Autodesk in the 2nd quarter valued at $576,727,000. Norges Bank acquired a new position in Autodesk in the fourth quarter valued at $867,480,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Autodesk by 44,345.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,280,515 shares of the software company’s stock worth $675,055,000 after acquiring an additional 2,275,384 shares during the period. Finally, Legal & General Group Plc purchased a new position in Autodesk during the second quarter worth approximately $422,928,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $260.66 on Friday. Autodesk, Inc. has a twelve month low of $185.50 and a twelve month high of $329.09. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $55.00 billion, a price-to-earnings ratio of 33.72, a price-to-earnings-growth ratio of 1.60 and a beta of 1.29. The business has a 50 day simple moving average of $225.93 and a 200-day simple moving average of $232.29.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.12 by $0.18. Autodesk had a return on equity of 60.27% and a net margin of 21.08%.The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period in the prior year, the company posted $2.62 EPS. The business’s revenue was up 16.1% compared to the same quarter last year. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. As a group, equities research analysts expect that Autodesk, Inc. will post 9.7 earnings per share for the current year.

Insiders Place Their Bets

In other Autodesk news, Director John T. Cahill bought 2,000 shares of the company’s stock in a transaction on Tuesday, June 23rd. The shares were bought at an average cost of $189.20 per share, with a total value of $378,400.00. Following the completion of the acquisition, the director owned 4,000 shares of the company’s stock, valued at approximately $756,800. This trade represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Janesh Moorjani purchased 2,500 shares of Autodesk stock in a transaction dated Monday, June 15th. The stock was acquired at an average price of $197.67 per share, for a total transaction of $494,175.00. Following the completion of the transaction, the executive vice president owned 50,993 shares in the company, valued at approximately $10,079,786.31. The trade was a 5.16% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.14% of the stock is currently owned by corporate insiders.

Trending Headlines about Autodesk

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Autodesk reported fiscal Q2 revenue of $2.05 billion, up 16% year over year, and adjusted EPS of $3.30, exceeding analyst expectations of $2.01 billion and $3.12, respectively. Growth was supported by strong renewals, cloud sales, construction activity and operating leverage. Autodesk fiscal 2027 second-quarter results
• Positive Sentiment: The company raised fiscal 2027 billings and revenue expectations, with full-year revenue guidance of approximately $8.6 billion to $8.7 billion. Management highlighted artificial intelligence, sales productivity and the MaintainX acquisition as longer-term growth drivers. Autodesk raises fiscal 2027 billings outlook
• Positive Sentiment: Several analysts remain constructive. BTIG reaffirmed a Buy rating with a $300 target, Bank of America maintained its Buy rating and $300 target, while BNP Paribas Exane raised its target to $300. Analysts cited subscription momentum and expectations that margins can improve despite MaintainX-related costs. Analyst rating coverage
• Neutral Sentiment: Autodesk is expanding its AI strategy and operations-management offerings through MaintainX. While these initiatives could broaden the company’s addressable market, investors are assessing execution risks and the timing of financial benefits.
• Negative Sentiment: Fiscal Q3 adjusted EPS guidance of $3.04 to $3.09 was below Wall Street expectations. The outlook for operating margins and costs was also viewed as cautious, raising concerns that acquisition expenses and AI investment could pressure near-term profitability. Autodesk quarterly profit forecast
• Negative Sentiment: The mixed outlook prompted profit-taking after the earnings beat. Although full-year revenue and EPS guidance exceeded some consensus measures, investors appeared more focused on the weaker quarterly profit outlook and margin trajectory.

Analysts Set New Price Targets

A number of research firms have recently commented on ADSK. KeyCorp restated an “overweight” rating on shares of Autodesk in a report on Wednesday, August 19th. Weiss Ratings cut shares of Autodesk from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 10th. Citigroup raised their price target on shares of Autodesk from $252.00 to $269.00 and gave the stock a “neutral” rating in a research report on Thursday, August 20th. Robert W. Baird boosted their target price on shares of Autodesk from $312.00 to $325.00 and gave the stock an “outperform” rating in a research report on Friday, August 21st. Finally, BTIG Research restated a “buy” rating and issued a $300.00 target price on shares of Autodesk in a research note on Friday. Two equities research 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 stock. According to data from MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and a consensus target price of $321.07.

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.