Vontobel Holding Ltd. reduced its stake in shares of Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 12.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 589,955 shares of the software company’s stock after selling 86,746 shares during the quarter. Vontobel Holding Ltd. owned 0.28% of Autodesk worth $174,633,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of ADSK. Measured Wealth Private Client Group LLC acquired a new position in Autodesk during the 3rd quarter valued at $25,000. Torren Management LLC acquired a new position in Autodesk during the 4th quarter valued at $25,000. Archer Investment Corp raised its stake in Autodesk by 112.2% during the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after purchasing an additional 46 shares during the last quarter. Swiss RE Ltd. acquired a new position in Autodesk during the 4th quarter valued at $32,000. Finally, High Point Wealth Management LLC acquired a new position in Autodesk during the 4th quarter valued at $44,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts recently commented on ADSK shares. Wells Fargo & Company cut their target price on shares of Autodesk from $350.00 to $330.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. KeyCorp dropped their price objective on shares of Autodesk from $365.00 to $341.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. Morgan Stanley dropped their price objective on shares of Autodesk from $350.00 to $315.00 and set an “overweight” rating for the company in a research note on Tuesday, May 26th. Robert W. Baird dropped their price objective on shares of Autodesk from $355.00 to $312.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Finally, BTIG Research restated a “buy” rating and issued a $300.00 price objective on shares of Autodesk in a research note on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Autodesk presently has an average rating of “Moderate Buy” and an average target price of $327.21.
Autodesk Trading Down 3.5%
Shares of ADSK stock opened at $198.43 on Friday. Autodesk, Inc. has a 52-week low of $194.47 and a 52-week high of $329.09. The stock has a market cap of $41.87 billion, a price-to-earnings ratio of 28.93, a P/E/G ratio of 1.27 and a beta of 1.29. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a fifty day moving average of $235.55 and a 200-day moving average of $255.52.
Autodesk (NASDAQ:ADSK – Get Free Report) last announced its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.15. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The business’s revenue was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.29 EPS. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. On average, equities research analysts forecast that Autodesk, Inc. will post 9.64 earnings per share for the current fiscal year.
Insider Activity
In other news, Director Stacy J. Smith bought 3,435 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was acquired at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the transaction, the director directly owned 26,517 shares of the company’s stock, valued at $6,129,934.89. This trade represents a 14.88% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.14% of the stock is owned by company insiders.
About Autodesk
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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