Autodesk, Inc. $ADSK Shares Sold by Engineers Gate Manager LP

Key Points

• Engineers Gate Manager LP cut its Autodesk stake by 75.8% in the second quarter, selling 6,232 shares and retaining 1,987 shares valued at approximately $386,000.
• Autodesk reported stronger-than-expected quarterly results, with EPS of $3.30 versus estimates of $3.12 and revenue of $2.05 billion, up 16.1% year over year.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $318.03, despite several recent target-price reductions and a stock price of $211.35.

Engineers Gate Manager LP trimmed its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 75.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,987 shares of the software company's stock after selling 6,232 shares during the quarter. Engineers Gate Manager LP's holdings in Autodesk were worth $386,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ADSK. First Horizon Corp grew its holdings in Autodesk by 11.7% during the first quarter. First Horizon Corp now owns 514 shares of the software company's stock valued at $123,000 after purchasing an additional 54 shares during the last quarter. Gulf International Bank UK Ltd raised its stake in Autodesk by 0.5% during the fourth quarter. Gulf International Bank UK Ltd now owns 10,837 shares of the software company's stock valued at $3,208,000 after buying an additional 56 shares during the last quarter. Ellevest Inc. grew its position in Autodesk by 5.9% during the 4th quarter. Ellevest Inc. now owns 1,001 shares of the software company's stock valued at $296,000 after purchasing an additional 56 shares during the last quarter. Sepio Capital LP grew its holdings in shares of Autodesk by 0.5% during the fourth quarter. Sepio Capital LP now owns 12,641 shares of the software company's stock valued at $3,742,000 after buying an additional 59 shares during the last quarter. Finally, Hillsdale Investment Management Inc. increased its holdings in shares of Autodesk by 1.9% in the 4th quarter. Hillsdale Investment Management Inc. now owns 3,160 shares of the software company's stock worth $935,000 after purchasing an additional 60 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.

Autodesk Stock Performance

Shares of ADSK opened at $211.35 on Friday. The stock has a market capitalization of $44.17 billion, a P/E ratio of 27.34, a P/E/G ratio of 1.45 and a beta of 1.31. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.86 and a current ratio of 0.86. Autodesk, Inc. has a 1 year low of $185.50 and a 1 year high of $326.20. The company's fifty day moving average is $233.85 and its two-hundred day moving average is $230.40.

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 analysts' consensus estimates of $3.12 by $0.18. The company 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%. The firm's quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the prior year, the firm earned $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 predict that Autodesk, Inc. will post 9.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

ADSK has been the topic of several recent analyst reports. Piper Sandler dropped their price objective on Autodesk from $369.00 to $338.00 and set an "overweight" rating on the stock in a research report on Friday, August 28th. Loop Capital decreased their target price on Autodesk from $250.00 to $235.00 and set a "hold" rating for the company in a research report on Friday, May 29th. BMO Capital Markets upped their target price on shares of Autodesk from $262.00 to $283.00 and gave the company a "market perform" rating in a research note on Friday, August 28th. Cantor Fitzgerald assumed coverage on shares of Autodesk in a report on Monday, September 14th. They set a "neutral" rating and a $215.00 price target on the stock. Finally, Wall Street Zen lowered shares of Autodesk from a "buy" rating to a "hold" rating in a research note on Monday, September 14th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $318.03.

Autodesk Company Profile

Autodesk, Inc develops software and cloud-based services for people and organizations that design, make and manage products, buildings, infrastructure and digital media. Its tools are used across architecture, engineering, construction, manufacturing, product design, media and entertainment, and related industries.

The company is best known for AutoCAD, its computer-aided design platform. Its broader portfolio includes Revit for building information modeling, Civil 3D for civil engineering, Inventor and Fusion for product design and manufacturing, Maya and 3ds Max for animation and visual effects, and construction-focused products such as Autodesk Construction Cloud.

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