Wellington Management Group LLP Has $43.82 Million Stock Position in Autodesk, Inc. $ADSK

Wellington Management Group LLP reduced its position in Autodesk, Inc. (NASDAQ:ADSK) by 66.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 225,409 shares of the software company’s stock after selling 453,409 shares during the quarter. Wellington Management Group LLP’s holdings in Autodesk were worth $43,824,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Autodesk during the 2nd quarter valued at about $4,828,855,000. Bank of America Corp DE bought a new position in Autodesk during the second quarter valued at approximately $576,727,000. Norges Bank bought a new position in Autodesk during the fourth quarter valued at approximately $867,480,000. Northwestern Mutual Wealth Management Co. grew its position in Autodesk by 44,345.8% in the fourth 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 in the last quarter. Finally, Legal & General Group Plc bought a new stake in Autodesk in the second quarter worth approximately $422,928,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Autodesk

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ADSK. Zacks Research downgraded shares of Autodesk from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Berenberg Bank set a $333.00 price objective on shares of Autodesk in a report on Tuesday. Loop Capital lowered their target price on shares of Autodesk from $250.00 to $235.00 and set a “hold” rating on the stock in a research report on Friday, May 29th. KeyCorp restated an “overweight” rating on shares of Autodesk in a report on Wednesday, August 19th. Finally, Piper Sandler reduced their price target on Autodesk from $369.00 to $338.00 and set an “overweight” rating for the company in a research report on Friday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $321.19.

Autodesk Price Performance

Shares of Autodesk stock opened at $237.52 on Friday. The firm has a fifty day simple moving average of $230.47 and a 200-day simple moving average of $232.60. The company has a current ratio of 0.86, a quick ratio of 0.83 and a debt-to-equity ratio of 0.59. Autodesk, Inc. has a 1-year low of $185.50 and a 1-year high of $329.09. The stock has a market capitalization of $49.64 billion, a price-to-earnings ratio of 30.73, a PEG ratio of 1.59 and a beta of 1.31.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.12 by $0.18. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. Autodesk’s revenue was up 16.1% compared to the same quarter last year. During the same period last 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. On average, sell-side analysts expect that Autodesk, Inc. will post 9.63 earnings per share for the current year.

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.