Autodesk, Inc. $ADSK Stock Sold by Candriam S.C.A.

Key Points

• Candriam S.C.A. cut its Autodesk stake by 4%, selling 12,116 shares in the third quarter; it retained 287,550 shares worth about $60.3 million.
• Institutional investors and hedge funds own 90.24% of Autodesk. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $316.84.
• Autodesk’s latest reported quarter beat expectations, with EPS of $3.30 versus $3.12 forecast and revenue of $2.05 billion, up 16.1% year over year.

Candriam S.C.A. lowered its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 4.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 287,550 shares of the software company's stock after selling 12,116 shares during the quarter. Candriam S.C.A. owned about 0.14% of Autodesk worth $60,318,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Autodesk in the 2nd quarter valued at about $4,828,855,000. Bank of America Corp DE purchased a new stake in shares of Autodesk in the 2nd quarter valued at approximately $576,727,000. Legal & General Group Plc acquired a new stake in shares of Autodesk during the 2nd quarter worth approximately $422,928,000. Deutsche Bank AG acquired a new stake in shares of Autodesk during the 2nd quarter worth approximately $322,851,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Autodesk during the 2nd quarter worth approximately $228,908,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ADSK has been the topic of a number of recent analyst reports. Weiss Ratings upgraded Autodesk from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, October 6th. Oppenheimer reissued an "outperform" rating on shares of Autodesk in a research note on Friday. Royal Bank Of Canada restated an "outperform" rating and issued a $305.00 target price on shares of Autodesk in a research report on Thursday, September 17th. Wall Street Zen downgraded Autodesk from a "buy" rating to a "hold" rating in a research report on Monday, November 2nd. Finally, DA Davidson set a $325.00 price target on Autodesk in a research note on Friday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $316.84.

Autodesk Price Performance

Autodesk stock opened at $261.72 on Friday. The company's 50 day simple moving average is $232.98 and its 200-day simple moving average is $234.13. The company has a market capitalization of $54.70 billion, a price-to-earnings ratio of 33.86, a price-to-earnings-growth ratio of 1.73 and a beta of 1.27. Autodesk, Inc. has a 1 year low of $185.50 and a 1 year high of $320.00. 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 (NASDAQ:ADSK - Get Free Report) last issued its quarterly earnings data on Thursday, August 27th. The software company reported $3.30 EPS for the quarter, topping the consensus estimate of $3.12 by $0.18. The firm 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 business's revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period in the prior year, the business posted $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. As a group, equities research analysts expect that Autodesk, Inc. will post 9.70 earnings per share for the current year.

Autodesk Profile

Autodesk, Inc develops software and cloud-based services for designing, building, making, and creating digital media. Its tools support professionals and organizations across architecture, engineering, construction, manufacturing, and entertainment.

The company's products include AutoCAD for computer-aided design, Revit for building information modeling, Fusion for product design and manufacturing, and Maya and 3ds Max for 3D animation and visual effects. Autodesk also offers cloud services that help customers collaborate and manage design and construction projects.

Founded in 1982, Autodesk serves customers around the world.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.