OFI Invest Asset Management Sells 9,811 Shares of Autodesk, Inc. $ADSK

Key Points

• OFI Invest Asset Management drastically reduced its stake in Autodesk, Inc. by 96.1%, selling 9,811 shares and leaving it with only 394 shares worth $122,000.
• Despite missing earnings expectations in its recent quarter, Autodesk reported revenues of $1.76 billion, demonstrating a 17.1% year-over-year increase.
• Institutional investors control 90.24% of Autodesk's stock, reflecting substantial interest from larger investment firms.

OFI Invest Asset Management lowered its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 96.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 394 shares of the software company's stock after selling 9,811 shares during the quarter. OFI Invest Asset Management's holdings in Autodesk were worth $122,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ADSK. Brighton Jones LLC grew its holdings in Autodesk by 14.5% during the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company's stock worth $343,000 after acquiring an additional 147 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Autodesk by 5.4% in the 1st quarter. GAMMA Investing LLC now owns 5,617 shares of the software company's stock valued at $1,471,000 after purchasing an additional 290 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Autodesk by 7.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 17,942 shares of the software company's stock valued at $4,697,000 after purchasing an additional 1,266 shares during the last quarter. Simon Quick Advisors LLC boosted its stake in shares of Autodesk by 13.1% in the 1st quarter. Simon Quick Advisors LLC now owns 787 shares of the software company's stock valued at $206,000 after purchasing an additional 91 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of Autodesk by 2.9% in the 1st quarter. Fifth Third Bancorp now owns 8,414 shares of the software company's stock valued at $2,203,000 after purchasing an additional 234 shares during the last quarter. Institutional investors own 90.24% of the company's stock.

Autodesk Stock Performance

Shares of NASDAQ:ADSK opened at $303.50 on Monday. The company has a market capitalization of $64.65 billion, a price-to-earnings ratio of 62.84, a P/E/G ratio of 2.69 and a beta of 1.49. The firm's 50 day simple moving average is $308.24 and its 200 day simple moving average is $294.52. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.76. Autodesk, Inc. has a fifty-two week low of $232.67 and a fifty-two week high of $329.09.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Hsbc Global Res raised shares of Autodesk from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 1st. DA Davidson reaffirmed a "buy" rating and issued a $375.00 target price on shares of Autodesk in a research note on Friday, August 29th. Macquarie raised their target price on shares of Autodesk from $360.00 to $380.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. Piper Sandler raised their target price on shares of Autodesk from $361.00 to $373.00 and gave the company an "overweight" rating in a research note on Friday, August 29th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Autodesk in a research note on Wednesday, October 8th. One equities research 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 company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $359.13.

Insider Activity at Autodesk

In other Autodesk news, EVP Steven M. Blum sold 22,420 shares of the firm's stock in a transaction that occurred on 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 sale, the executive vice president directly owned 13,099 shares in the company, valued at approximately $4,240,801.25. This trade represents a 63.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Rebecca Pearce sold 6,129 shares of the firm's stock in a transaction that occurred 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 sale, the executive vice president owned 13,311 shares in the company, valued at $4,300,251.66. This trade represents a 31.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,386 shares of company stock valued at $11,433,201. 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.

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.