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Autodesk, Inc. $ADSK Stock Position Lowered by AEGON ASSET MANAGEMENT UK Plc

Autodesk logo with Computer and Technology background

Key Points

  • AEGON ASSET MANAGEMENT UK Plc reduced its stake in Autodesk by 4.2%, owning approximately 0.09% of the company, valued at $62.1 million.
  • Autodesk reported earnings per share (EPS) of $1.46 for the last quarter, falling short of the expected $2.45, despite revenue increasing by 17.1% year-over-year.
  • Several analysts have set target prices for Autodesk, with HSBC recommending a price of $343.00, while DA Davidson set a higher target of $375.00 and maintained a "buy" rating.
  • MarketBeat previews top five stocks to own in November.

AEGON ASSET MANAGEMENT UK Plc lessened its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 4.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 200,856 shares of the software company's stock after selling 8,792 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.09% of Autodesk worth $62,145,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Cheviot Value Management LLC purchased a new stake in shares of Autodesk in the 1st quarter valued at approximately $27,000. SouthState Corp lifted its position in Autodesk by 500.0% in the 1st quarter. SouthState Corp now owns 96 shares of the software company's stock worth $25,000 after buying an additional 80 shares in the last quarter. Livelsberger Financial Advisory purchased a new stake in Autodesk in the 2nd quarter worth approximately $31,000. E Fund Management Hong Kong Co. Ltd. lifted its position in Autodesk by 67.8% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 99 shares of the software company's stock worth $31,000 after buying an additional 40 shares in the last quarter. Finally, Costello Asset Management INC purchased a new stake in Autodesk in the 1st quarter worth approximately $26,000. Hedge funds and other institutional investors own 90.24% of the company's stock.

Autodesk Trading Down 0.4%

Autodesk stock opened at $306.59 on Wednesday. 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 company has a market capitalization of $65.30 billion, a price-to-earnings ratio of 63.48, a PEG ratio of 2.73 and a beta of 1.49. Autodesk, Inc. has a one year low of $232.67 and a one year high of $329.09. The company's fifty day moving average price is $308.50 and its two-hundred day moving average price is $294.93.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its earnings results on Thursday, August 28th. The software company reported $1.46 EPS for the quarter, missing the consensus estimate of $2.45 by ($0.99). The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.72 billion. Autodesk had a return on equity of 51.23% and a net margin of 15.75%.The company's quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the previous year, the company 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. On average, analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Rebecca Pearce sold 6,129 shares of the firm's stock in a transaction dated 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 of the company's stock, 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 document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ruth Ann Keene sold 2,761 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total value of $869,991.10. Following the completion of the sale, the executive vice president directly owned 80,255 shares in the company, valued at approximately $25,288,350.50. This represents a 3.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,386 shares of company stock valued at $11,433,201. 0.15% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ADSK has been the subject of a number of research analyst reports. HSBC set a $343.00 target price on shares of Autodesk and gave the stock a "buy" rating in a research report on Wednesday, October 1st. DA Davidson reiterated a "buy" rating and issued a $375.00 target price on shares of Autodesk in a research report on Friday, August 29th. Rosenblatt Securities increased their target price on shares of Autodesk from $345.00 to $355.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Wall Street Zen downgraded shares of Autodesk from a "strong-buy" rating to a "buy" rating in a research report on Sunday, September 28th. Finally, Robert W. Baird increased their target price on shares of Autodesk from $345.00 to $363.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, Autodesk currently has a consensus rating of "Moderate Buy" and a consensus target price of $359.13.

Check Out Our Latest Stock Analysis on Autodesk

Autodesk Company Profile

(Free Report)

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.

See Also

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).

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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