Amundi Has $388.03 Million Holdings in Autodesk, Inc. $ADSK

Amundi decreased its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 5.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,995,846 shares of the software company's stock after selling 112,863 shares during the quarter. Amundi owned approximately 0.95% of Autodesk worth $388,032,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ADSK. California State Teachers Retirement System raised its holdings in Autodesk by 18,825.0% during the 2nd quarter. California State Teachers Retirement System now owns 58,596,827 shares of the software company's stock worth $11,392,395,000 after purchasing an additional 58,287,201 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Autodesk in the 2nd quarter valued at $4,828,855,000. State Street Corp increased its position in shares of Autodesk by 0.7% during the fourth quarter. State Street Corp now owns 10,157,826 shares of the software company's stock worth $3,006,818,000 after buying an additional 70,053 shares during the period. Geode Capital Management LLC increased its position in shares of Autodesk by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 5,682,041 shares of the software company's stock worth $1,677,404,000 after buying an additional 123,691 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in Autodesk by 5.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,144,627 shares of the software company's stock worth $752,824,000 after buying an additional 155,255 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Price Performance

Autodesk stock opened at $217.90 on Tuesday. Autodesk, Inc. has a 52 week low of $185.50 and a 52 week high of $329.09. The company's 50 day moving average price is $231.35 and its two-hundred day moving average price is $232.45. The stock has a market cap of $45.54 billion, a P/E ratio of 28.19, a P/E/G ratio of 1.43 and a beta of 1.31. 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 - Get Free Report) last released its 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. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.01 billion. Autodesk had a return on equity of 58.63% and a net margin of 21.08%.Autodesk's quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.62 earnings per share. 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, equities analysts predict that Autodesk, Inc. will post 9.64 earnings per share for the current year.

Analyst Ratings Changes

ADSK has been the topic of several recent analyst reports. Royal Bank Of Canada dropped their target price on shares of Autodesk from $335.00 to $305.00 and set an "outperform" rating on the stock in a report on Friday, May 29th. Rosenblatt Securities reiterated a "buy" rating and set a $330.00 price target on shares of Autodesk in a report on Monday, August 31st. Argus reissued a "buy" rating and issued a $355.00 price objective on shares of Autodesk in a research report on Wednesday, September 2nd. DA Davidson set a $325.00 target price on Autodesk in a research report on Friday, August 28th. Finally, Weiss Ratings raised Autodesk from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 31st. One analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $321.19.

Insider Transactions at Autodesk

In related news, EVP Janesh Moorjani acquired 2,500 shares of the firm's stock in a transaction that occurred on 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 acquisition, the executive vice president owned 50,993 shares of the company's stock, valued at approximately $10,079,786.31. This represents a 5.16% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John T. Cahill acquired 2,000 shares of the stock in a transaction on Tuesday, June 23rd. The stock was bought at an average cost of $189.20 per share, for a total transaction 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 position. The SEC filing for this purchase provides additional information. 0.14% of the stock is currently owned by insiders.

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.

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