2Xideas AG Sells 11,074 Shares of Autodesk, Inc. $ADSK

Key Points

• 2Xideas AG reduced its Autodesk stake by 20.3%, selling 11,074 shares and now holds 43,605 shares worth $13.852 million, about 2.9% of its portfolio and its sixth-largest position.
• Autodesk beat expectations with quarterly EPS of $2.85 (vs. $2.64 expected) and revenue of $1.96 billion, and set FY2027 guidance at 12.29–12.56 EPS with Q1 guidance of 2.82–2.86.
• Analysts give Autodesk an average rating of "Moderate Buy" with an average price target of $341.96; the stock carries a market cap of $53 billion and a trailing P/E of 47.9.

2Xideas AG decreased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 20.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,605 shares of the software company's stock after selling 11,074 shares during the quarter. Autodesk makes up approximately 2.9% of 2Xideas AG's portfolio, making the stock its 6th biggest position. 2Xideas AG's holdings in Autodesk were worth $13,852,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Proffitt & Goodson Inc. acquired a new stake in shares of Autodesk in the 3rd quarter valued at about $27,000. Heartwood Wealth Advisors LLC purchased a new stake in Autodesk in the third quarter valued at approximately $28,000. Tripletail Wealth Management LLC acquired a new stake in shares of Autodesk in the third quarter valued at approximately $29,000. Financial Consulate Inc. acquired a new position in shares of Autodesk in the 3rd quarter valued at $32,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in Autodesk in the 2nd quarter valued at $34,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Stock Up 0.5%

ADSK opened at $251.17 on Friday. Autodesk, Inc. has a 12 month low of $215.01 and a 12 month high of $329.09. The business has a 50-day moving average of $252.57 and a two-hundred day moving average of $287.66. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $53.00 billion, a price-to-earnings ratio of 47.93, a price-to-earnings-growth ratio of 1.65 and a beta of 1.45.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The software company reported $2.85 EPS for the quarter, topping the consensus estimate of $2.64 by $0.21. The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.91 billion. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. Autodesk's revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.29 earnings per share. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. On average, research analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

ADSK has been the topic of several research reports. Stifel Nicolaus lowered their price objective on shares of Autodesk from $375.00 to $285.00 and set a "buy" rating on the stock in a research report on Monday, February 23rd. DA Davidson decreased their price objective on Autodesk from $375.00 to $325.00 and set a "buy" rating for the company in a research report on Friday, February 27th. Barclays upped their price target on Autodesk from $300.00 to $315.00 and gave the stock an "overweight" rating in a research note on Friday, February 27th. The Goldman Sachs Group lifted their price objective on shares of Autodesk from $320.00 to $330.00 and gave the company a "neutral" rating in a research report on Wednesday, November 26th. Finally, Rothschild & Co Redburn set a $375.00 price objective on shares of Autodesk in a research note on Friday, January 9th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, Autodesk presently has an average rating of "Moderate Buy" and an average target price of $341.96.

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.

Want to see what other hedge funds are holding ADSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autodesk, Inc. (NASDAQ:ADSK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.