Van ECK Associates Corp Reduces Stock Holdings in Autodesk, Inc. $ADSK

Van ECK Associates Corp cut its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 6.5% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 69,930 shares of the software company’s stock after selling 4,874 shares during the period. Van ECK Associates Corp’s holdings in Autodesk were worth $13,596,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ADSK. Measured Wealth Private Client Group LLC acquired a new stake in shares of Autodesk during the third quarter worth approximately $25,000. Kemnay Advisory Services Inc. bought a new position in Autodesk in the fourth quarter worth about $25,000. Prosperity Bancshares Inc bought a new stake in shares of Autodesk in the 4th quarter worth approximately $27,000. Swiss RE Ltd. acquired a new stake in Autodesk in the fourth quarter worth $32,000. Finally, Ascentis Independent Advisors bought a new stake in Autodesk in the first quarter valued at $28,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. UBS Group boosted their target price on shares of Autodesk from $290.00 to $325.00 and gave the company a “buy” rating in a research note on Friday. Wells Fargo & Company decreased their target price on shares of Autodesk from $350.00 to $330.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Zacks Research lowered shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. BTIG Research reaffirmed a “buy” rating and set a $300.00 price target on shares of Autodesk in a research note on Friday. Finally, Robert W. Baird lifted their price target on Autodesk from $312.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, August 21st. Two analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Autodesk currently has an average rating of “Moderate Buy” and a consensus target price of $319.62.

Autodesk Stock Performance

NASDAQ:ADSK opened at $258.53 on Tuesday. The company has a 50-day moving average of $227.35 and a 200-day moving average of $232.32. The firm has a market cap of $54.55 billion, a price-to-earnings ratio of 33.45, a price-to-earnings-growth ratio of 1.60 and a beta of 1.29. The company has a current ratio of 0.86, a quick ratio of 0.83 and a debt-to-equity ratio of 0.59. Autodesk, Inc. has a twelve month low of $185.50 and a twelve month high of $329.09.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, August 27th. The software company reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $3.12 by $0.18. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the previous year, the firm earned $2.62 EPS. The business’s revenue for the quarter was up 16.1% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. Analysts forecast that Autodesk, Inc. will post 9.7 earnings per share for the current fiscal year.

Key Headlines Impacting Autodesk

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Rosenblatt Securities reaffirmed its Buy rating and set a $330 price target, implying substantial upside. Rosenblatt Reiterates Buy Rating on Autodesk
• Positive Sentiment: Barclays maintained its Buy rating, supporting the view that Autodesk’s growth prospects remain attractive. Barclays Sticks to Its Buy Rating for Autodesk
• Positive Sentiment: BNP Paribas Exane raised its price target to $300, while BMO Capital Markets also forecast strong appreciation, reflecting continued analyst confidence. BNP Paribas Exane Raises Autodesk Price Target
• Positive Sentiment: Autodesk recently exceeded quarterly EPS and revenue expectations, with revenue increasing 16.1% year over year. Earnings-call commentary also highlighted growth momentum. Autodesk Earnings Call Highlights Growth Momentum
• Neutral Sentiment: Citigroup raised its price target from $269 to $276 but retained a Neutral rating, suggesting limited conviction despite a higher valuation estimate. Benzinga Autodesk Analyst Update
• Negative Sentiment: Autodesk faces mounting shareholder lawsuits and potential uninsured liabilities following a cash-flow probe, creating legal, financial and reputational uncertainty. Autodesk Faces Shareholder Lawsuits and Potential Uninsured Liabilities
• Negative Sentiment: Piper Sandler lowered its expectations for Autodesk’s stock price, adding a more cautious view to the otherwise favorable analyst consensus. Piper Sandler Lowers Autodesk Expectations

Insiders Place Their Bets

In related news, EVP Janesh Moorjani bought 2,500 shares of Autodesk stock in a transaction dated Monday, June 15th. The stock was acquired at an average cost of $197.67 per share, with a total value of $494,175.00. Following the completion of the acquisition, the executive vice president directly owned 50,993 shares in the company, valued at approximately $10,079,786.31. This trade represents a 5.16% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John T. Cahill acquired 2,000 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were bought at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the acquisition, the director owned 4,000 shares in the company, valued at approximately $756,800. This trade represents a 100.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.14% of the stock is owned by insiders.

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.