Kepler Cheuvreux Suisse SA Sells 8,300 Shares of Autodesk, Inc. $ADSK

Kepler Cheuvreux Suisse SA reduced its stake in Autodesk, Inc. (NASDAQ:ADSK) by 23.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,195 shares of the software company’s stock after selling 8,300 shares during the period. Kepler Cheuvreux Suisse SA’s holdings in Autodesk were worth $6,510,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Autodesk by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 21,493,167 shares of the software company’s stock valued at $6,362,192,000 after buying an additional 78,928 shares in the last quarter. State Street Corp grew its stake in Autodesk by 0.7% during the fourth quarter. State Street Corp now owns 10,157,826 shares of the software company’s stock worth $3,006,818,000 after buying an additional 70,053 shares in the last quarter. Geode Capital Management LLC increased its stake in Autodesk by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 5,682,041 shares of the software company’s stock valued at $1,677,404,000 after acquiring an additional 123,691 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Autodesk by 46.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,989,372 shares of the software company’s stock valued at $884,884,000 after purchasing an additional 952,343 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Autodesk during the 4th quarter worth $867,480,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Buying and Selling at Autodesk

In related news, Director John T. Cahill bought 2,000 shares of Autodesk stock in a transaction that occurred on Tuesday, June 23rd. The shares were acquired at an average cost of $189.20 per share, for a total transaction of $378,400.00. Following the completion of the acquisition, the director directly owned 4,000 shares of the company’s stock, valued at approximately $756,800. The trade was a 100.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stacy J. Smith purchased 3,435 shares of the stock in a transaction on Friday, May 29th. The shares were 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 in the company, valued at approximately $6,129,934.89. The trade was a 14.88% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders have purchased 7,935 shares of company stock worth $1,666,644. Insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on ADSK. Piper Sandler dropped their target price on shares of Autodesk from $383.00 to $369.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Morgan Stanley decreased their price target on shares of Autodesk from $350.00 to $315.00 and set an “overweight” rating on the stock in a report on Tuesday, May 26th. Rosenblatt Securities reissued a “buy” rating and issued a $330.00 price objective on shares of Autodesk in a research note on Monday, June 1st. Jefferies Financial Group raised shares of Autodesk to a “strong-buy” rating in a research note on Tuesday, May 26th. Finally, Rothschild & Co Redburn lowered their price target on shares of Autodesk from $375.00 to $360.00 and set a “buy” rating for the company in a report on Monday, June 1st. Two 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.com, the company has an average rating of “Moderate Buy” and an average price target of $326.10.

Autodesk Stock Performance

Shares of NASDAQ ADSK opened at $207.48 on Friday. The firm has a 50 day moving average price of $223.32 and a two-hundred day moving average price of $244.42. The stock has a market cap of $43.78 billion, a P/E ratio of 30.24, a price-to-earnings-growth ratio of 1.28 and a beta of 1.32. Autodesk, Inc. has a 52-week low of $185.50 and a 52-week high of $329.09. 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 (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.15. The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. Autodesk’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.29 earnings per share. 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, equities analysts forecast that Autodesk, Inc. will post 9.64 EPS 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.