Amundi Decreases Holdings in Autodesk, Inc. $ADSK

Amundi reduced its stake in Autodesk, Inc. (NASDAQ:ADSK) by 14.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 2,646,934 shares of the software company’s stock after selling 441,608 shares during the quarter. Amundi owned 1.24% of Autodesk worth $821,449,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Autodesk in the second quarter valued at about $777,202,000. Nuveen LLC purchased a new stake in shares of Autodesk during the 1st quarter worth approximately $278,383,000. T. Rowe Price Investment Management Inc. raised its holdings in shares of Autodesk by 44.1% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,318,319 shares of the software company’s stock worth $868,736,000 after purchasing an additional 1,016,187 shares during the period. Geode Capital Management LLC lifted its stake in Autodesk by 15.1% in the second quarter. Geode Capital Management LLC now owns 5,606,264 shares of the software company’s stock valued at $1,730,415,000 after purchasing an additional 734,449 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in Autodesk by 336.7% during the first quarter. AQR Capital Management LLC now owns 572,701 shares of the software company’s stock valued at $147,339,000 after purchasing an additional 441,571 shares during the period. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Down 0.5%

ADSK opened at $305.85 on Friday. The company has a fifty day moving average price of $304.91 and a 200-day moving average price of $303.20. The firm has a market capitalization of $64.84 billion, a P/E ratio of 59.27, a price-to-earnings-growth ratio of 2.50 and a beta of 1.47. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.82 and a quick ratio of 0.82. Autodesk, Inc. has a one year low of $232.67 and a one year high of $329.09.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Tuesday, November 25th. The software company reported $2.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.50 by $0.17. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.81 billion. Autodesk had a return on equity of 52.06% and a net margin of 16.09%.The firm’s revenue was up 18.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.17 earnings per share. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS and its Q4 2026 guidance at 2.590-2.67 EPS. Equities research analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ADSK. Wells Fargo & Company boosted their target price on Autodesk from $375.00 to $380.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. Stifel Nicolaus lifted their price objective on Autodesk from $350.00 to $375.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Oppenheimer boosted their price objective on Autodesk from $350.00 to $375.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. UBS Group reiterated a “buy” rating and set a $400.00 target price on shares of Autodesk in a research report on Wednesday, November 26th. Finally, Wolfe Research lifted their target price on shares of Autodesk from $370.00 to $390.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $366.16.

Insider Buying and Selling at Autodesk

In related news, Director Ayanna Howard sold 917 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $325.00, for a total value of $298,025.00. Following the sale, the director directly owned 3,476 shares of the company’s stock, valued at $1,129,700. This trade represents a 20.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.15% of the company’s stock.

About Autodesk

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.