AEGON ASSET MANAGEMENT UK Plc Sells 8,792 Shares of Autodesk, Inc. $ADSK

AEGON ASSET MANAGEMENT UK Plc lessened its stake in Autodesk, Inc. (NASDAQ:ADSK) by 4.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 200,856 shares of the software company’s stock after selling 8,792 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in Autodesk were worth $62,145,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Cypress Wealth Services LLC bought a new stake in shares of Autodesk in the second quarter valued at about $280,000. Sagespring Wealth Partners LLC lifted its stake in shares of Autodesk by 60.6% in the second quarter. Sagespring Wealth Partners LLC now owns 3,700 shares of the software company’s stock valued at $1,145,000 after buying an additional 1,396 shares during the period. TD Asset Management Inc lifted its stake in shares of Autodesk by 26.1% in the second quarter. TD Asset Management Inc now owns 140,939 shares of the software company’s stock valued at $43,630,000 after buying an additional 29,181 shares during the period. Wilmington Savings Fund Society FSB lifted its stake in shares of Autodesk by 0.7% in the second quarter. Wilmington Savings Fund Society FSB now owns 17,487 shares of the software company’s stock valued at $5,413,000 after buying an additional 120 shares during the period. Finally, Morningstar Investment Management LLC acquired a new position in Autodesk in the second quarter worth about $732,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Performance

NASDAQ ADSK opened at $306.59 on Wednesday. The firm has a market cap of $65.30 billion, a price-to-earnings ratio of 63.48, a PEG ratio of 2.73 and a beta of 1.49. The company has a 50 day moving average of $308.50 and a 200-day moving average of $294.93. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.91. Autodesk, Inc. has a 1-year low of $232.67 and a 1-year high of $329.09.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, August 28th. The software company reported $1.46 earnings per share for the quarter, missing the consensus estimate of $2.45 by ($0.99). The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.72 billion. Autodesk had a return on equity of 51.23% and a net margin of 15.75%.The business’s quarterly revenue was up 17.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.15 EPS. Autodesk has set its FY 2026 guidance at 9.800-9.980 EPS. Q3 2026 guidance at 2.480-2.510 EPS. On average, equities analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ADSK. DA Davidson reissued a “buy” rating and issued a $375.00 price target on shares of Autodesk in a research report on Friday, August 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Autodesk in a research report on Wednesday, October 8th. Oppenheimer increased their price target on shares of Autodesk from $350.00 to $375.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Hsbc Global Res raised shares of Autodesk from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, Robert W. Baird increased their price target on shares of Autodesk from $345.00 to $363.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and a consensus target price of $359.13.

Insider Activity at Autodesk

In related news, EVP Rebecca Pearce sold 6,129 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $323.06, for a total value of $1,980,034.74. Following the completion of the sale, the executive vice president owned 13,311 shares of the company’s stock, valued at $4,300,251.66. This trade represents a 31.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Steven M. Blum sold 22,420 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $323.75, for a total transaction of $7,258,475.00. Following the completion of the sale, the executive vice president directly owned 13,099 shares of the company’s stock, valued at approximately $4,240,801.25. This represents a 63.12% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,386 shares of company stock worth $11,433,201. 0.15% of the stock is currently owned by company insiders.

Autodesk Profile

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.