DSM Capital Partners LLC Sells 50,729 Shares of Autodesk, Inc. $ADSK

Key Points

• DSM Capital Partners LLC sold 50,729 shares of Autodesk, reducing its stake by 11.0%, and now holds approximately 1.9% of the company.
• Multiple analysts have raised their price targets for Autodesk, with Macquarie setting a target of $380.00 and Oppenheimer at $375.00, indicating a positive outlook for the stock.
• Autodesk reported earnings of $1.46 per share for the last quarter, missing estimates but achieving a revenue of $1.76 billion, which was above expectations.

DSM Capital Partners LLC reduced its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 11.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 410,095 shares of the software company's stock after selling 50,729 shares during the period. Autodesk makes up 1.9% of DSM Capital Partners LLC's portfolio, making the stock its 16th largest holding. DSM Capital Partners LLC owned approximately 0.19% of Autodesk worth $126,953,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cheviot Value Management LLC bought a new stake in Autodesk in the 1st quarter valued at $27,000. SouthState Corp grew its stake in shares of 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 position in shares of Autodesk in the 2nd quarter worth $31,000. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of 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 position in shares of Autodesk in the 1st quarter worth $26,000. 90.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ADSK shares. Macquarie lifted their price objective on shares of Autodesk from $360.00 to $380.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. DA Davidson reissued a "buy" rating and issued a $375.00 price objective on shares of Autodesk in a research note on Friday, August 29th. Oppenheimer lifted their price objective on shares of Autodesk from $350.00 to $375.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Rosenblatt Securities lifted their price objective on shares of Autodesk from $345.00 to $355.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Autodesk in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $359.13.

Autodesk Price Performance

ADSK stock opened at $303.50 on Friday. 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 company has a 50-day moving average price of $308.24 and a 200 day moving average price of $294.19. The stock has a market cap of $64.65 billion, a PE ratio of 62.84, a P/E/G ratio of 2.75 and a beta of 1.49.

Autodesk (NASDAQ:ADSK - Get Free Report) last released its quarterly earnings results on Thursday, August 28th. The software company reported $1.46 EPS for the quarter, missing analysts' consensus estimates of $2.45 by ($0.99). Autodesk had a return on equity of 51.23% and a net margin of 15.75%.The firm had revenue of $1.76 billion for the quarter, compared to analysts' expectations of $1.72 billion. During the same period in the prior year, the firm posted $2.15 earnings per share. Autodesk's revenue for the quarter was up 17.1% on a year-over-year basis. 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 anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Insider Activity at Autodesk

In other Autodesk news, EVP Rebecca Pearce sold 6,129 shares of the business's stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $323.06, for a total value of $1,980,034.74. Following the completion of the sale, the executive vice president directly owned 13,311 shares of the company's stock, valued at $4,300,251.66. The trade was a 31.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Steven M. Blum sold 22,420 shares of the business's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $323.75, for a total transaction of $7,258,475.00. Following the completion of the sale, the executive vice president directly owned 13,099 shares of the company's stock, valued at approximately $4,240,801.25. This trade represents a 63.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,386 shares of company stock valued at $11,433,201 in the last quarter. Corporate insiders own 0.15% of the company's stock.

Autodesk Company 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.

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 and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.