Legal & General Group Plc Has $600.29 Million Stock Position in Autodesk, Inc. $ADSK

Legal & General Group Plc increased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 5.5% in the second quarter, Holdings Channel reports. The firm owned 1,939,112 shares of the software company’s stock after buying an additional 101,653 shares during the quarter. Legal & General Group Plc’s holdings in Autodesk were worth $600,291,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Access Investment Management LLC acquired a new position in shares of Autodesk during the 2nd quarter worth about $28,000. Cheviot Value Management LLC bought a new position in Autodesk during the 1st quarter worth approximately $27,000. SouthState Corp grew its holdings in Autodesk by 500.0% during the first quarter. SouthState Corp now owns 96 shares of the software company’s stock valued at $25,000 after purchasing an additional 80 shares during the period. Livelsberger Financial Advisory bought a new stake in Autodesk in the second quarter valued at approximately $31,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its holdings in Autodesk by 67.8% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 99 shares of the software company’s stock worth $31,000 after purchasing an additional 40 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Buying and Selling

In other news, Director Ayanna Howard sold 3,159 shares of the company’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $325.00, for a total value of $1,026,675.00. Following the sale, the director directly owned 4,393 shares of the company’s stock, valued at approximately $1,427,725. This represents a 41.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Rebecca Pearce sold 6,129 shares of the firm’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $323.06, for a total transaction 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 35,386 shares of company stock valued at $11,433,201 in the last ninety days. 0.15% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Autodesk from $360.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Hsbc Global Res raised Autodesk from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Wall Street Zen lowered Autodesk from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 28th. Piper Sandler lifted their price objective on Autodesk from $361.00 to $373.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Finally, UBS Group increased their target price on Autodesk from $370.00 to $385.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Autodesk presently has a consensus rating of “Moderate Buy” and a consensus price target of $358.30.

Autodesk Stock Up 1.3%

NASDAQ:ADSK opened at $290.80 on Friday. The stock has a 50-day simple moving average of $308.49 and a 200 day simple moving average of $302.51. Autodesk, Inc. has a 52-week low of $232.67 and a 52-week high of $329.09. The company has a market cap of $61.94 billion, a PE ratio of 60.21, a PEG ratio of 2.63 and a beta of 1.51. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.76 and a current ratio of 0.76.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, August 28th. The software company reported $1.46 EPS for the quarter, missing the consensus estimate of $2.45 by ($0.99). The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.72 billion. Autodesk had a net margin of 15.75% and a return on equity of 51.23%. The company’s revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the firm 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, sell-side analysts expect that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Autodesk Company 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.