Renaissance Group LLC Sells 29,539 Shares of Autodesk, Inc. $ADSK

Renaissance Group LLC trimmed its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 27.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,827 shares of the software company’s stock after selling 29,539 shares during the quarter. Renaissance Group LLC’s holdings in Autodesk were worth $22,742,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Catalyst Financial Partners LLC raised its position 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 valued at $325,000 after buying an additional 37 shares during the last quarter. Piscataqua Savings Bank boosted its position in shares of Autodesk by 33.3% during the fourth quarter. Piscataqua Savings Bank now owns 160 shares of the software company’s stock worth $47,000 after acquiring an additional 40 shares during the last quarter. Moss Adams Wealth Advisors LLC grew its stake in Autodesk by 1.0% during the fourth quarter. Moss Adams Wealth Advisors LLC now owns 4,267 shares of the software company’s stock valued at $1,263,000 after acquiring an additional 41 shares in the last quarter. Trust Point Inc. grew its stake in Autodesk by 3.3% during 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. Finally, FourThought Financial Partners LLC increased its holdings in Autodesk by 5.0% in the 3rd quarter. FourThought Financial Partners LLC now owns 899 shares of the software company’s stock valued at $286,000 after acquiring an additional 43 shares during the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Autodesk

In other Autodesk news, Director Stacy J. Smith acquired 3,435 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was bought at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the acquisition, the director directly owned 26,517 shares in the company, valued at $6,129,934.89. The trade was a 14.88% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on ADSK shares. BMO Capital Markets decreased 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. Arete Research reduced their target price on Autodesk from $460.00 to $456.00 and set a “buy” rating on the stock in a report on Thursday, March 26th. DA Davidson reiterated a “buy” rating and issued a $325.00 target price on shares of Autodesk in a research report on Friday, May 29th. Loop Capital dropped their price target on Autodesk from $250.00 to $235.00 and set a “hold” rating for the company in a research note on Friday, May 29th. Finally, Argus upgraded Autodesk to a “strong-buy” rating in a report on Friday, March 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Autodesk currently has an average rating of “Moderate Buy” and a consensus target price of $327.21.

Autodesk Stock Down 1.2%

Shares of NASDAQ ADSK opened at $221.28 on Thursday. 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 company has a market cap of $46.69 billion, a P/E ratio of 32.26, a PEG ratio of 1.38 and a beta of 1.29. Autodesk, Inc. has a 1 year low of $214.10 and a 1 year high of $329.09. The firm has a 50-day simple moving average of $237.02 and a two-hundred day simple moving average of $256.52.

Autodesk (NASDAQ:ADSK) last announced its 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. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The company’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.29 earnings per share. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. Research analysts anticipate that Autodesk, Inc. will post 9.64 earnings per share for the current year.

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.