Autodesk, Inc. $ADSK Stake Boosted by Groupama Asset Managment

Groupama Asset Managment boosted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 11.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,723 shares of the software company’s stock after buying an additional 1,632 shares during the period. Groupama Asset Managment’s holdings in Autodesk were worth $4,798,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in shares of Autodesk by 14.5% during the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock valued at $343,000 after acquiring an additional 147 shares during the period. Avantax Advisory Services Inc. grew its position in Autodesk by 4.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 5,258 shares of the software company’s stock worth $1,377,000 after purchasing an additional 238 shares in the last quarter. Mackenzie Financial Corp raised its stake in Autodesk by 13.1% during the 1st quarter. Mackenzie Financial Corp now owns 29,143 shares of the software company’s stock valued at $7,630,000 after purchasing an additional 3,368 shares during the period. Meeder Asset Management Inc. raised its stake in Autodesk by 40.7% during the 1st quarter. Meeder Asset Management Inc. now owns 173 shares of the software company’s stock valued at $45,000 after purchasing an additional 50 shares during the period. Finally, Federated Hermes Inc. lifted its holdings in shares of Autodesk by 16.5% in the first quarter. Federated Hermes Inc. now owns 30,083 shares of the software company’s stock valued at $7,876,000 after purchasing an additional 4,262 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Autodesk

In other news, Director Ayanna Howard sold 917 shares of the stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $325.00, for a total transaction of $298,025.00. Following the transaction, the director owned 3,476 shares of the company’s stock, valued at approximately $1,129,700. This represents a 20.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 value of $7,258,475.00. Following the completion of the transaction, the executive vice president directly owned 13,099 shares in the company, valued at $4,240,801.25. The trade was a 63.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 26,098 shares of company stock worth $8,426,491 over the last three months. Corporate insiders own 0.15% of the company’s stock.

Autodesk Price Performance

NASDAQ ADSK opened at $303.30 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $64.60 billion, a PE ratio of 62.79, a price-to-earnings-growth ratio of 2.63 and a beta of 1.51. Autodesk, Inc. has a 12-month low of $232.67 and a 12-month high of $329.09. The company has a 50 day moving average price of $306.20 and a two-hundred day moving average price of $302.91.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Tuesday, November 25th. The software company reported $2.67 EPS for the quarter, topping the consensus estimate of $2.50 by $0.17. Autodesk had a net margin of 15.75% and a return on equity of 51.23%. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the business posted $2.17 EPS. Autodesk’s quarterly revenue was up 18.0% on a year-over-year basis. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS. Q4 2026 guidance at 2.590-2.67 EPS. As a group, equities analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ADSK. The Goldman Sachs Group lifted their price target on Autodesk from $320.00 to $330.00 and gave the company a “neutral” rating in a report on Wednesday. Rosenblatt Securities reaffirmed a “buy” rating and set a $355.00 target price on shares of Autodesk in a research note on Monday, November 24th. Berenberg Bank set a $370.00 target price on Autodesk in a report on Monday, September 1st. Deutsche Bank Aktiengesellschaft upgraded shares of Autodesk from a “hold” rating to a “buy” rating and raised their price target for the stock from $345.00 to $375.00 in a report on Wednesday. Finally, Piper Sandler upped their price objective on shares of Autodesk from $361.00 to $373.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Autodesk currently has a consensus rating of “Moderate Buy” and a consensus target price of $366.16.

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.