Autodesk, Inc. $ADSK Stock: Robeco Institutional Asset Management B.V. Decreases Holdings

Key Points

• Robeco Institutional Asset Management cut its Autodesk stake by 33.9% in the third quarter, selling 419,705 shares and retaining 819,710 shares valued at approximately $171.3 million.
• Institutional investors and hedge funds own 90.24% of Autodesk, with several major firms—including BlackRock, State Street, Arrowstreet Capital and Pictet Asset Management—holding or increasing positions.
• Analysts remain broadly positive, giving Autodesk a consensus “Moderate Buy” rating and an average price target of $316.84, while the company recently exceeded quarterly EPS and revenue expectations.

Robeco Institutional Asset Management B.V. trimmed its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 33.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 819,710 shares of the software company's stock after selling 419,705 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.39% of Autodesk worth $171,319,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ADSK. BlackRock Inc. acquired a new position in shares of Autodesk in the 2nd quarter valued at about $4,828,855,000. State Street Corp grew its holdings in Autodesk by 2.9% during the second quarter. State Street Corp now owns 10,268,172 shares of the software company's stock worth $1,996,338,000 after acquiring an additional 284,621 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings 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 acquiring an additional 155,255 shares during the period. Bank of America Corp DE purchased a new position in Autodesk during the second quarter valued at approximately $576,727,000. Finally, Pictet Asset Management Holding SA raised its position in Autodesk by 30.6% during the second quarter. Pictet Asset Management Holding SA now owns 2,746,643 shares of the software company's stock valued at $534,014,000 after acquiring an additional 643,267 shares in the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. UBS Group reissued a "buy" rating on shares of Autodesk in a report on Thursday, September 24th. Wall Street Zen raised shares of Autodesk from a "hold" rating to a "buy" rating in a research note on Saturday. Guggenheim reaffirmed a "buy" rating and set a $283.00 price objective on shares of Autodesk in a research note on Monday, September 21st. New Street Research set a $277.00 target price on shares of Autodesk in a report on Thursday, August 20th. Finally, The Goldman Sachs Group upgraded shares of Autodesk from a "hold" rating to an "outperform" rating and set a $265.00 target price for the company in a research note on Thursday, September 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Autodesk presently has a consensus rating of "Moderate Buy" and an average target price of $316.84.

Autodesk Stock Performance

Shares of ADSK stock opened at $245.58 on Wednesday. The company has a market capitalization of $51.33 billion, a P/E ratio of 27.92, a P/E/G ratio of 1.59 and a beta of 1.33. The business's 50 day moving average is $232.26 and its two-hundred day moving average is $227.98. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.59. Autodesk, Inc. has a 12-month low of $185.50 and a 12-month high of $320.00.

Autodesk (NASDAQ:ADSK - Get Free Report) last released its quarterly 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 firm had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $2.01 billion. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. The firm's revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter last year, the company 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. Analysts expect that Autodesk, Inc. will post 9.70 EPS for the current fiscal year.

About Autodesk

Autodesk, Inc develops software and cloud-based services for the architecture, engineering, construction, manufacturing, media and entertainment industries. Its products help customers design, visualize, simulate and manage projects, products and digital content throughout their lifecycles.

The company's portfolio includes AutoCAD for computer-aided design; Revit for building information modeling; Civil 3D for civil engineering and infrastructure design; Inventor and Fusion for product design and manufacturing; and Maya and 3ds Max for animation, modeling and visual effects.

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