Autodesk, Inc. $ADSK Position Lowered by DekaBank Deutsche Girozentrale

Key Points

• DekaBank Deutsche Girozentrale reduced its stake in Autodesk, Inc. by 15.3% during the second quarter, holding 380,832 shares valued at approximately $116 million after selling 68,638 shares.
• Analysts have set optimistic price targets for Autodesk, with Macquarie raising their price objective from $360 to $380, indicating strong ratings across the board including multiple "buy" recommendations.
• Insider activity showed significant sales, with EVP Rebecca Pearce and Director Ayanna Howard selling thousands of shares, reducing their ownership by over 30% and 41%, respectively.

DekaBank Deutsche Girozentrale decreased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 15.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 380,832 shares of the software company's stock after selling 68,638 shares during the period. DekaBank Deutsche Girozentrale owned about 0.18% of Autodesk worth $116,392,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of ADSK. Brighton Jones LLC lifted its position in shares of Autodesk by 14.5% during the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company's stock worth $343,000 after purchasing an additional 147 shares during the last quarter. GAMMA Investing LLC raised its stake in Autodesk by 5.4% during the first quarter. GAMMA Investing LLC now owns 5,617 shares of the software company's stock worth $1,471,000 after acquiring an additional 290 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Autodesk by 27.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 42,826 shares of the software company's stock worth $11,212,000 after acquiring an additional 9,222 shares during the period. PFG Investments LLC raised its stake in Autodesk by 3.9% during the first quarter. PFG Investments LLC now owns 2,243 shares of the software company's stock worth $587,000 after acquiring an additional 85 shares during the period. Finally, Intact Investment Management Inc. acquired a new stake in Autodesk during the first quarter worth about $314,000. Institutional investors own 90.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ADSK shares. Macquarie increased their price objective on shares of Autodesk from $360.00 to $380.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. HSBC set a $343.00 price objective on shares of Autodesk and gave the stock a "buy" rating in a research note on Wednesday, October 1st. DA Davidson reiterated a "buy" rating and set a $375.00 price objective on shares of Autodesk in a research note on Friday, August 29th. Piper Sandler increased their price objective on shares of Autodesk from $361.00 to $373.00 and gave the stock an "overweight" rating in a research note on Friday, August 29th. Finally, Loop Capital began coverage on shares of Autodesk in a research note on Monday, July 21st. They issued a "hold" rating and a $320.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $359.13.

Insider Activity at Autodesk

In related news, EVP Rebecca Pearce sold 6,129 shares of the firm's stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $323.06, for a total transaction of $1,980,034.74. Following the completion of the sale, the executive vice president directly owned 13,311 shares in the company, valued at approximately $4,300,251.66. This trade represents a 31.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ayanna Howard sold 3,159 shares of the firm's stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $325.00, for a total transaction of $1,026,675.00. Following the sale, the director owned 4,393 shares of the company's stock, valued at $1,427,725. The trade was a 41.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,386 shares of company stock valued at $11,433,201. Insiders own 0.15% of the company's stock.

Autodesk Trading Up 1.4%

Autodesk stock opened at $307.95 on Tuesday. The firm has a 50 day simple moving average of $309.36 and a 200-day simple moving average of $296.43. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market capitalization of $65.59 billion, a PE ratio of 63.76, a price-to-earnings-growth ratio of 2.69 and a beta of 1.49. Autodesk, Inc. has a 12-month low of $232.67 and a 12-month high of $329.09.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its quarterly earnings data on Thursday, August 28th. The software company reported $1.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($0.99). The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.72 billion. Autodesk had a net margin of 15.75% and a return on equity of 51.23%. The company's revenue was up 17.1% on a year-over-year basis. During the same quarter last year, the business earned $2.15 earnings per share. Autodesk has set its FY 2026 guidance at 9.800-9.980 EPS. Q3 2026 guidance at 2.480-2.510 EPS. As a group, equities research analysts expect that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

About Autodesk

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.

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