Autodesk, Inc. $ADSK Shares Acquired by CIBC Asset Management Inc

CIBC Asset Management Inc lifted its position in shares of Autodesk, Inc. (NASDAQ:ADSKFree Report) by 34.2% during the fourth quarter, HoldingsChannel reports. The fund owned 88,935 shares of the software company’s stock after acquiring an additional 22,644 shares during the quarter. CIBC Asset Management Inc’s holdings in Autodesk were worth $26,326,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Torren Management LLC purchased a new stake in Autodesk during the fourth quarter worth about $25,000. Measured Wealth Private Client Group LLC purchased a new stake in Autodesk during the third quarter worth about $25,000. Archer Investment Corp boosted its holdings in Autodesk by 112.2% during the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after buying an additional 46 shares in the last quarter. High Point Wealth Management LLC purchased a new stake in Autodesk during the fourth quarter worth about $44,000. Finally, iSAM Funds UK Ltd purchased a new stake in Autodesk during the third quarter worth about $46,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Autodesk news, Director Stacy J. Smith purchased 3,435 shares of Autodesk stock in a transaction on Friday, May 29th. The shares were bought at an average price of $231.17 per share, with a total value of $794,068.95. Following the completion of the acquisition, the director directly owned 26,517 shares of the company’s stock, valued at approximately $6,129,934.89. This trade represents a 14.88% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ADSK shares. BTIG Research reissued a “buy” rating and set a $300.00 price objective on shares of Autodesk in a report on Friday, May 29th. Jefferies Financial Group raised shares of Autodesk to a “strong-buy” rating in a report on Tuesday, May 26th. Citigroup boosted their price objective on shares of Autodesk from $246.00 to $252.00 and gave the stock a “neutral” rating in a 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. Finally, Zacks Research downgraded shares of Autodesk from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $327.21.

Read Our Latest Report on ADSK

Autodesk Stock Down 3.0%

Shares of NASDAQ ADSK opened at $229.60 on Thursday. Autodesk, Inc. has a 12-month low of $214.10 and a 12-month high of $329.09. The company has a market capitalization of $48.45 billion, a PE ratio of 33.47, a price-to-earnings-growth ratio of 1.50 and a beta of 1.29. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.85. The firm’s 50-day moving average is $237.94 and its two-hundred day moving average is $258.83.

Autodesk (NASDAQ:ADSKGet Free Report) last announced its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.15. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the prior year, the firm earned $2.29 earnings per share. The company’s revenue for the quarter was up 18.4% compared to the same quarter last year. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. Equities analysts anticipate that Autodesk, Inc. will post 9.35 EPS for the current fiscal year.

Autodesk News Roundup

Here are the key news stories impacting Autodesk this week:

  • Positive Sentiment: Autodesk announced a strategic collaboration agreement with Amazon Web Services, and Fusion products will be available via AWS Marketplace. The deal is aimed at expanding cloud-based tools that help customers design, build, and operate more efficiently at scale, which could improve distribution and strengthen Autodesk’s platform ecosystem. Autodesk signs strategic collaboration agreement with Amazon Web Services
  • Positive Sentiment: Recent commentary highlighted Autodesk’s Q1 earnings call, noting that the company’s beat and its planned MaintainX acquisition reinforce its push into operations software and AI-related validation. That supports the investment case that Autodesk can keep expanding beyond core design software. ADSK Q1 Earnings Call Puts MaintainX & AI at the Center
  • Neutral Sentiment: Several articles today compared Autodesk with other stocks on a value or GARP basis, including Paycom and other “rising P/E” names. These pieces may keep ADSK on investors’ watchlists, but they do not appear to include a direct business catalyst. PAYC or ADSK: Which Is the Better Value Stock Right Now?
  • Neutral Sentiment: One note from late yesterday said Autodesk’s shares had fallen sharply, reflecting recent volatility and a still-below-trend setup versus longer-term moving averages. That backdrop may temper gains even after positive news. Autodesk Inc (ADSK) Shares Fall 4.6% — What GF Score of 90 Tells Investors
  • Negative Sentiment: Autodesk has been under pressure recently after a prior selloff, so some of today’s upbeat headlines may be helping the stock recover from weakness rather than driving a clean breakout. Autodesk Inc (ADSK) Shares Fall 4.6% — What GF Score of 90 Tells Investors

About Autodesk

(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.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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