Vontobel Holding Ltd. Has $174.63 Million Stock Position in Autodesk, Inc. $ADSK

Vontobel Holding Ltd. lowered its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 12.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 589,955 shares of the software company’s stock after selling 86,746 shares during the quarter. Vontobel Holding Ltd.’s holdings in Autodesk were worth $174,633,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ADSK. Norges Bank bought a new stake in Autodesk during the 4th quarter worth about $867,480,000. Northwestern Mutual Wealth Management Co. grew its holdings in Autodesk by 44,345.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,280,515 shares of the software company’s stock worth $675,055,000 after acquiring an additional 2,275,384 shares during the last quarter. Wellington Management Group LLP grew its holdings in Autodesk by 326.9% during the 3rd quarter. Wellington Management Group LLP now owns 918,010 shares of the software company’s stock worth $291,624,000 after acquiring an additional 702,974 shares during the last quarter. First Trust Advisors LP grew its holdings in Autodesk by 197.1% during the 3rd quarter. First Trust Advisors LP now owns 910,768 shares of the software company’s stock worth $289,324,000 after acquiring an additional 604,235 shares during the last quarter. Finally, Two Sigma Investments LP grew its holdings in Autodesk by 51,159.6% during the 3rd quarter. Two Sigma Investments LP now owns 512,596 shares of the software company’s stock worth $162,836,000 after acquiring an additional 511,596 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Insider Buying and Selling

In other Autodesk news, Director Stacy J. Smith bought 3,435 shares of the stock in a transaction on Friday, May 29th. The stock was purchased at an average price of $231.17 per share, with a total value of $794,068.95. Following the acquisition, the director owned 26,517 shares of the company’s stock, valued at approximately $6,129,934.89. The trade was a 14.88% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Jefferies Financial Group raised shares of Autodesk to a “strong-buy” rating in a report on Tuesday, May 26th. Oppenheimer decreased their price objective on shares of Autodesk from $375.00 to $325.00 and set an “outperform” rating on the stock in a report on Tuesday, February 24th. Arete Research decreased their price objective on shares of Autodesk from $460.00 to $456.00 and set a “buy” rating on the stock in a report on Thursday, March 26th. DA Davidson reissued a “buy” rating and set a $325.00 price objective on shares of Autodesk in a report on Friday, May 29th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $330.00 price objective on shares of Autodesk in a report on Monday, June 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and a consensus target price of $327.21.

Autodesk Price Performance

ADSK opened at $198.43 on Friday. The company has a fifty day moving average price of $235.55 and a two-hundred day moving average price of $255.52. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 0.83. Autodesk, Inc. has a 52 week low of $194.47 and a 52 week high of $329.09. The firm has a market capitalization of $41.87 billion, a PE ratio of 28.93, a P/E/G ratio of 1.27 and a beta of 1.29.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.15. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the previous year, the business earned $2.29 EPS. The business’s quarterly revenue was up 18.4% compared to the same quarter last year. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. As a group, analysts anticipate that Autodesk, Inc. will post 9.64 earnings per share for the current year.

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.