Candriam S.C.A. Sells 33,629 Shares of Autodesk, Inc. $ADSK

Candriam S.C.A. reduced its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 10.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 274,147 shares of the software company’s stock after selling 33,629 shares during the period. Candriam S.C.A. owned about 0.13% of Autodesk worth $87,088,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of ADSK. RFG Advisory LLC acquired a new stake in Autodesk in the 3rd quarter valued at about $232,000. Smartleaf Asset Management LLC raised its holdings in Autodesk by 20.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 4,441 shares of the software company’s stock worth $1,430,000 after purchasing an additional 756 shares during the last quarter. Alps Advisors Inc. lifted its position in Autodesk by 3.8% during the 3rd quarter. Alps Advisors Inc. now owns 4,403 shares of the software company’s stock valued at $1,399,000 after purchasing an additional 163 shares during the period. Moloney Securities Asset Management LLC boosted its stake in shares of Autodesk by 5.2% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 1,018 shares of the software company’s stock valued at $323,000 after purchasing an additional 50 shares during the last quarter. Finally, Renaissance Group LLC bought a new position in shares of Autodesk in the 3rd quarter valued at about $33,789,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Stock Performance

ADSK stock opened at $240.40 on Monday. Autodesk, Inc. has a 1-year low of $232.67 and a 1-year high of $329.09. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.86. The firm has a market cap of $50.96 billion, a PE ratio of 46.59, a P/E/G ratio of 1.68 and a beta of 1.45. The business’s 50-day moving average price is $282.18 and its two-hundred day moving average price is $297.05.

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

Wall Street Analysts Forecast Growth

ADSK has been the subject of a number of recent research reports. Citigroup boosted their price target on shares of Autodesk from $370.00 to $382.00 and gave the stock a “buy” rating in a research note on Friday, November 28th. KeyCorp reiterated an “overweight” rating on shares of Autodesk in a research report on Tuesday, December 16th. Weiss Ratings restated a “hold (c+)” rating on shares of Autodesk in a research report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft upgraded Autodesk from a “hold” rating to a “buy” rating and upped their price objective for the company from $345.00 to $375.00 in a report on Wednesday, November 26th. Finally, BMO Capital Markets increased their target price on Autodesk from $333.00 to $343.00 and gave the company a “market perform” rating in a research note on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and a consensus target price of $369.04.

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.