Autodesk, Inc. $ADSK Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. trimmed its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 33.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 819,710 shares of the software company’s stock after selling 419,705 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Autodesk were worth $171,319,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mather Group LLC. grew its stake in Autodesk by 4.1% during the 3rd quarter. Mather Group LLC. now owns 1,174 shares of the software company’s stock valued at $245,000 after acquiring an additional 46 shares in the last quarter. First Horizon Corp boosted its holdings in shares of Autodesk by 11.7% during the 1st quarter. First Horizon Corp now owns 514 shares of the software company’s stock worth $123,000 after purchasing an additional 54 shares during the last quarter. Sage Capital Advisors llc grew its position in shares of Autodesk by 0.3% in the third quarter. Sage Capital Advisors llc now owns 20,667 shares of the software company’s stock valued at $4,319,000 after purchasing an additional 58 shares in the last quarter. Triangle Securities Wealth Management grew its position in shares of Autodesk by 2.1% in the third quarter. Triangle Securities Wealth Management now owns 2,866 shares of the software company’s stock valued at $599,000 after purchasing an additional 60 shares in the last quarter. Finally, One Wealth Map LLC grew its position in shares of Autodesk by 3.8% in the second quarter. One Wealth Map LLC now owns 1,655 shares of the software company’s stock valued at $322,000 after purchasing an additional 61 shares in the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Price Performance

NASDAQ:ADSK opened at $245.58 on Wednesday. Autodesk, Inc. has a 52 week low of $185.50 and a 52 week high of $320.00. The stock’s fifty day moving average is $232.26 and its two-hundred day moving average is $227.98. The company has a market capitalization of $51.33 billion, a P/E ratio of 27.92, a P/E/G ratio of 1.59 and a beta of 1.33. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.59.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.12 by $0.18. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Autodesk had a return on equity of 58.63% and a net margin of 21.08%. The company’s revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.62 EPS. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. Equities analysts expect that Autodesk, Inc. will post 9.70 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Cantor Fitzgerald started coverage on Autodesk in a report on Monday, September 14th. They issued a “neutral” rating and a $215.00 price target for the company. Robert W. Baird boosted their price objective on Autodesk from $312.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, August 21st. Citigroup upped their target price on Autodesk from $269.00 to $276.00 and gave the company a “neutral” rating in a report on Monday, August 31st. DA Davidson set a $325.00 target price on Autodesk in a research note on Friday, August 28th. Finally, UBS Group reiterated a “buy” rating on shares of Autodesk in a report on Thursday, September 24th. One analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Autodesk presently has a consensus rating of “Moderate Buy” and an average target price of $316.84.

About Autodesk

Autodesk, Inc develops software and cloud-based services for the architecture, engineering, construction, manufacturing, media and entertainment industries. Its products help customers design, visualize, simulate and manage projects, products and digital content throughout their lifecycles.

The company’s portfolio includes AutoCAD for computer-aided design; Revit for building information modeling; Civil 3D for civil engineering and infrastructure design; Inventor and Fusion for product design and manufacturing; and Maya and 3ds Max for animation, modeling and visual effects.