ING Groep NV lowered its position in shares of Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 40.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,772 shares of the software company’s stock after selling 20,096 shares during the period. ING Groep NV’s holdings in Autodesk were worth $8,813,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. OFI Invest Asset Management boosted its position in Autodesk by 246.4% during the fourth quarter. OFI Invest Asset Management now owns 52,649 shares of the software company’s stock valued at $15,585,000 after purchasing an additional 37,449 shares in the last quarter. Freemont Management S.A. bought a new stake in Autodesk during the third quarter valued at about $4,765,000. Caprock Group LLC bought a new stake in Autodesk during the third quarter valued at about $2,288,000. Robeco Institutional Asset Management B.V. boosted its position in Autodesk by 46.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 532,504 shares of the software company’s stock valued at $157,627,000 after purchasing an additional 169,099 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in Autodesk by 0.5% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 946,476 shares of the software company’s stock valued at $280,166,000 after purchasing an additional 4,845 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.
Insider Transactions at Autodesk
In related news, Director Stacy J. Smith purchased 3,435 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was bought at an average cost of $231.17 per share, with a total value of $794,068.95. Following the completion of the acquisition, the director owned 26,517 shares of the company’s stock, valued at $6,129,934.89. The trade was a 14.88% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.14% of the company’s stock.
Analyst Ratings Changes
Get Our Latest Analysis on Autodesk
Trending Headlines about Autodesk
Here are the key news stories impacting Autodesk this week:
- Positive Sentiment: Autodesk signed a strategic collaboration agreement with AWS to bring cloud-based products into AWS Marketplace and improve cloud solutions for customers, which could widen distribution and strengthen enterprise adoption. Autodesk signs strategic collaboration agreement with Amazon Web Services
- Positive Sentiment: Autodesk lowered the minimum buy-in for Autodesk Flex to 33 tokens for $99 from 100 tokens for $300, making it easier and cheaper for small businesses to start using its products and potentially expanding its user base. Autodesk for Small Business update: Making it more affordable to get started with Autodesk Flex
Autodesk Stock Performance
Shares of NASDAQ:ADSK opened at $229.96 on Monday. 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 $48.52 billion, a PE ratio of 33.52, a PEG ratio of 1.43 and a beta of 1.30. The business has a 50 day moving average of $237.72 and a two-hundred day moving average of $257.93. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78.
Autodesk (NASDAQ:ADSK – Get 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 analysts’ consensus estimates of $2.84 by $0.15. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the previous year, the company posted $2.29 earnings per share. Autodesk’s revenue for the quarter was up 18.4% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. As a group, analysts forecast that Autodesk, Inc. will post 9.55 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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