Generali Asset Management SPA SGR Cuts Stock Position in Autodesk, Inc. $ADSK

Key Points

• Generali Asset Management SPA SGR reduced its holdings in Autodesk, Inc. by 31.7% during the second quarter, owning 23,042 shares valued at approximately $7.13 million as of the latest SEC filing.
• For its recent quarter, Autodesk reported $1.46 EPS, missing analysts' expectations of $2.45, even as its revenue increased by 17.1% year-over-year to $1.76 billion.
• Several investment firms have set optimistic price targets for Autodesk, with Macquarie raising its target from $360.00 to $380.00 and Citigroup increasing its projection from $376.00 to $393.00.

Generali Asset Management SPA SGR cut its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 31.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,042 shares of the software company's stock after selling 10,675 shares during the quarter. Generali Asset Management SPA SGR's holdings in Autodesk were worth $7,133,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ADSK. SouthState Corp increased its holdings 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 acquiring an additional 80 shares in the last quarter. Costello Asset Management INC purchased a new stake in shares of Autodesk during the first quarter worth about $26,000. Close Asset Management Ltd purchased a new stake in shares of Autodesk during the first quarter worth about $27,000. Cheviot Value Management LLC purchased a new stake in shares of Autodesk during the first quarter worth about $27,000. Finally, Flaharty Asset Management LLC purchased a new stake in shares of Autodesk during the first quarter worth about $27,000. Hedge funds and other institutional investors own 90.24% of the company's stock.

Autodesk Stock Down 0.5%

Shares of NASDAQ:ADSK opened at $305.08 on Thursday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.91. The business has a fifty day moving average of $308.49 and a two-hundred day moving average of $295.00. The stock has a market cap of $64.98 billion, a P/E ratio of 63.16, a PEG ratio of 2.72 and a beta of 1.49. Autodesk, Inc. has a 52-week low of $232.67 and a 52-week high of $329.09.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced its quarterly earnings data on Thursday, August 28th. The software company reported $1.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.45 by ($0.99). Autodesk had a net margin of 15.75% and a return on equity of 51.23%. The firm had revenue of $1.76 billion during the quarter, compared to analysts' expectations of $1.72 billion. During the same period in the prior year, the company posted $2.15 EPS. The company's revenue for the quarter was up 17.1% compared to the same quarter last year. Autodesk has set its FY 2026 guidance at 9.800-9.980 EPS. Q3 2026 guidance at 2.480-2.510 EPS. On average, research analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on ADSK. Berenberg Bank set a $370.00 price objective on Autodesk in a research note on Monday, September 1st. Loop Capital initiated coverage on Autodesk in a research report on Monday, July 21st. They set a "hold" rating and a $320.00 price target for the company. Macquarie boosted their price target on Autodesk from $360.00 to $380.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Mizuho boosted their price target on Autodesk from $350.00 to $375.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Finally, Citigroup upped their target price on shares of Autodesk from $376.00 to $393.00 and gave the stock a "buy" rating in a report on Tuesday, September 2nd. 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 stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $359.13.

Insiders Place Their Bets

In other news, EVP Rebecca Pearce sold 6,129 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $323.06, for a total transaction of $1,980,034.74. Following the completion of the transaction, the executive vice president directly owned 13,311 shares in the company, valued at approximately $4,300,251.66. This represents a 31.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Steven M. Blum sold 22,420 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $323.75, for a total value of $7,258,475.00. Following the transaction, the executive vice president owned 13,099 shares of the company's stock, valued at approximately $4,240,801.25. This represents a 63.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,386 shares of company stock valued at $11,433,201. 0.15% of the stock is currently owned by insiders.

Autodesk 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.

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