Autodesk, Inc. $ADSK Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lessened its holdings in Autodesk, Inc. (NASDAQ:ADSKFree Report) by 5.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 204,895 shares of the software company’s stock after selling 12,296 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Autodesk were worth $49,050,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ADSK. Vanguard Group Inc. boosted its position in Autodesk by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 21,493,167 shares of the software company’s stock worth $6,362,192,000 after purchasing an additional 78,928 shares in the last quarter. State Street Corp increased its position in shares of Autodesk by 0.7% in the fourth quarter. State Street Corp now owns 10,157,826 shares of the software company’s stock valued at $3,006,818,000 after buying an additional 70,053 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Autodesk by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 5,682,041 shares of the software company’s stock valued at $1,677,404,000 after buying an additional 123,691 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Autodesk by 5.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,144,627 shares of the software company’s stock worth $752,824,000 after buying an additional 155,255 shares during the period. Finally, Norges Bank acquired a new position in shares of Autodesk during the 4th quarter worth approximately $867,480,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Buying and Selling

In other Autodesk news, Director John T. Cahill bought 2,000 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The shares were acquired at an average cost of $189.20 per share, with a total value of $378,400.00. Following the purchase, the director directly 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 SEC, which is available through this hyperlink. Also, Director Stacy J. Smith bought 3,435 shares of the stock in a transaction dated Friday, May 29th. The shares were bought at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the completion of the acquisition, the director owned 26,517 shares in the company, valued at approximately $6,129,934.89. The trade was a 14.88% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have acquired 7,935 shares of company stock worth $1,666,644. 0.14% of the stock is owned by insiders.

Autodesk Trading Down 4.2%

Shares of ADSK stock opened at $234.97 on Friday. The stock’s fifty day moving average is $214.37 and its two-hundred day moving average is $233.57. 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 market capitalization of $49.58 billion, a P/E ratio of 34.25, a PEG ratio of 1.51 and a beta of 1.32. Autodesk, Inc. has a fifty-two week low of $185.50 and a fifty-two week high of $329.09.

Autodesk (NASDAQ:ADSKGet Free Report) last released its earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.15. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The company’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.29 earnings per share. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. Research analysts expect that Autodesk, Inc. will post 9.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ADSK shares. BTIG Research reissued a “buy” rating and issued a $300.00 price target on shares of Autodesk in a research note on Friday, May 29th. DA Davidson restated a “buy” rating and set a $325.00 price objective on shares of Autodesk in a research report on Friday, May 29th. Rothschild & Co Redburn decreased their price objective on shares of Autodesk from $375.00 to $360.00 and set a “buy” rating on the stock in a report on Monday, June 1st. Morgan Stanley dropped their target price on shares of Autodesk from $350.00 to $315.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 26th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $330.00 target price on shares of Autodesk in a research note on Monday, June 1st. Three 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 stock. Based on data from MarketBeat, Autodesk currently has an average rating of “Moderate Buy” and a consensus target price of $323.40.

Get Our Latest Research Report on Autodesk

Autodesk Company Profile

(Free Report)

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.

Further Reading

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:ADSKFree Report).

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

Receive News & Ratings for Autodesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk and related companies with MarketBeat.com's FREE daily email newsletter.