Autodesk, Inc. $ADSK Shares Acquired by Nordea Investment Management AB

Key Points

• Nordea Investment Management AB increased its stake in Autodesk, Inc. by 5.6%, owning 21,254 shares worth approximately $6.51 million after acquiring an additional 1,124 shares in Q2.
• Institutional investors now own 90.24% of Autodesk's stock, reflecting significant interest from large investors, with several firms, including Bridges Investment Management Inc., increasing their stakes significantly in the same quarter.
• Despite missing quarterly earnings expectations with $1.46 EPS, Autodesk's revenue was up 17.1% year-over-year, leading analysts to maintain a generally optimistic outlook on the stock with a price target averaging $359.13.

Nordea Investment Management AB increased its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 5.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,254 shares of the software company's stock after buying an additional 1,124 shares during the quarter. Nordea Investment Management AB's holdings in Autodesk were worth $6,509,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of ADSK. S Bank Fund Management Ltd acquired a new stake in Autodesk during the 2nd quarter valued at approximately $1,050,000. Harbor Asset Planning Inc. acquired a new stake in Autodesk during the 2nd quarter valued at approximately $552,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Autodesk during the 2nd quarter valued at approximately $243,000. Bridges Investment Management Inc. grew its stake in Autodesk by 45.2% during the 2nd quarter. Bridges Investment Management Inc. now owns 13,418 shares of the software company's stock valued at $4,154,000 after purchasing an additional 4,176 shares in the last quarter. Finally, Ritholtz Wealth Management acquired a new stake in Autodesk during the 2nd quarter valued at approximately $348,000. Institutional investors and hedge funds own 90.24% of the company's stock.

Insider Buying and Selling

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 stock was sold at an average price of $323.06, for a total value of $1,980,034.74. Following the sale, the executive vice president directly owned 13,311 shares in the company, valued at $4,300,251.66. This trade represents a 31.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ayanna Howard sold 917 shares of the firm's stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $325.00, for a total value of $298,025.00. Following the completion of the sale, the director owned 3,476 shares in the company, valued at approximately $1,129,700. This represents a 20.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,386 shares of company stock worth $11,433,201. Company insiders own 0.15% of the company's stock.

Autodesk Trading Up 1.4%

Shares of NASDAQ ADSK opened at $307.95 on Tuesday. The company has a market cap of $65.59 billion, a price-to-earnings 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. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.91. The stock's 50 day simple moving average is $309.36 and its 200 day simple moving average is $296.43.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced its quarterly earnings results 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 return on equity of 51.23% and a net margin of 15.75%.The company's revenue for the quarter was up 17.1% on a year-over-year basis. During the same period last year, the business posted $2.15 EPS. Autodesk has set its FY 2026 guidance at 9.800-9.980 EPS. Q3 2026 guidance at 2.480-2.510 EPS. Equities research analysts expect that Autodesk, Inc. will post 5.76 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ADSK shares. Robert W. Baird raised their price objective on Autodesk from $345.00 to $363.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. UBS Group raised their price objective on Autodesk from $370.00 to $385.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Piper Sandler increased their target price on Autodesk from $361.00 to $373.00 and gave the stock an "overweight" rating in a report on Friday, August 29th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $380.00 target price on shares of Autodesk in a report on Monday, October 6th. Finally, Oppenheimer increased their target price on Autodesk from $350.00 to $375.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $359.13.

Autodesk Profile

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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