Groupe la Francaise Sells 26,234 Shares of Autodesk, Inc. $ADSK

Key Points

• Groupe la Francaise reduced its Autodesk stake by 96.4% in the second quarter, selling 26,234 shares and retaining 977 shares valued at approximately $190,000. Institutional investors collectively own 90.24% of Autodesk.
• Autodesk insiders made notable purchases: Director John T. Cahill bought 2,000 shares, while EVP Janesh Moorjani purchased 2,500 shares. Corporate insiders own 0.14% of the company.
• Wall Street remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $321.19. Autodesk recently exceeded quarterly earnings and revenue estimates, reporting $3.30 EPS and $2.05 billion in revenue, up 16.1% year over year.

Groupe la Francaise cut its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 96.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 977 shares of the software company's stock after selling 26,234 shares during the period. Groupe la Francaise's holdings in Autodesk were worth $190,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Measured Wealth Private Client Group LLC bought a new stake in shares of Autodesk in the 3rd quarter valued at about $25,000. Kemnay Advisory Services Inc. bought a new stake in Autodesk in the fourth quarter valued at approximately $25,000. Prosperity Bancshares Inc acquired a new stake in shares of Autodesk in the fourth quarter valued at approximately $27,000. Ascentis Independent Advisors acquired a new stake in shares of Autodesk in the first quarter valued at approximately $28,000. Finally, Johnson Financial Group Inc. bought a new position in shares of Autodesk during the 2nd quarter worth approximately $30,000. 90.24% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director John T. Cahill bought 2,000 shares of the firm's stock in a transaction on Tuesday, June 23rd. The stock was acquired at an average price of $189.20 per share, with a total value of $378,400.00. Following the transaction, the director owned 4,000 shares of the company's stock, valued at $756,800. This trade represents a 100.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Janesh Moorjani purchased 2,500 shares of the stock in a transaction on Monday, June 15th. The shares were purchased at an average price of $197.67 per share, with a total value of $494,175.00. Following the acquisition, the executive vice president owned 50,993 shares in the company, valued at approximately $10,079,786.31. The trade was a 5.16% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.14% of the company's stock.

Wall Street Analysts Forecast Growth

ADSK has been the subject of several research reports. DA Davidson set a $325.00 price target on Autodesk in a report on Friday, August 28th. KeyCorp reissued an "overweight" rating on shares of Autodesk in a research report on Wednesday, August 19th. BTIG Research restated a "buy" rating and set a $300.00 target price on shares of Autodesk in a research note on Friday, August 28th. Royal Bank Of Canada reduced their target price on shares of Autodesk from $335.00 to $305.00 and set an "outperform" rating for the company in a report on Friday, May 29th. Finally, Argus reiterated a "buy" rating and issued a $355.00 price target on shares of Autodesk in a research note on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Autodesk has an average rating of "Moderate Buy" and a consensus target price of $321.19.

Autodesk Stock Performance

Shares of ADSK stock opened at $212.21 on Wednesday. The business's 50-day moving average price is $231.71 and its 200-day moving average price is $232.33. Autodesk, Inc. has a 12 month low of $185.50 and a 12 month high of $326.87. The firm has a market capitalization of $44.35 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 1.43 and a beta of 1.31. 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 (NASDAQ:ADSK - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $2.05 billion during 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 firm's quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the business 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. Equities research analysts forecast that Autodesk, Inc. will post 9.64 EPS for the current year.

Autodesk Profile

Autodesk, Inc NASDAQ: ADSK is a software company that develops design and creation tools for the architecture, engineering and construction (AEC), manufacturing, and media and entertainment industries. Headquartered in San Rafael, California, the company was founded in 1982 and is best known for pioneering CAD (computer-aided design) software. Autodesk sells products and services to a global customer base, including architects, engineers, contractors, product designers, and content creators.

The company's product portfolio includes industry-standard design and modeling applications such as AutoCAD, Revit, Inventor, Fusion 360, Maya and 3ds Max, as well as cloud-based collaboration and project management platforms like BIM 360 and Autodesk Construction Cloud.

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