Janus Henderson Group PLC Decreases Stake in Autodesk, Inc. $ADSK

Janus Henderson Group PLC cut its stake in Autodesk, Inc. (NASDAQ:ADSK) by 87.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,586 shares of the software company’s stock after selling 204,153 shares during the period. Janus Henderson Group PLC’s holdings in Autodesk were worth $6,843,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in ADSK. Measured Wealth Private Client Group LLC purchased a new position in Autodesk in the 3rd quarter worth $25,000. Kemnay Advisory Services Inc. acquired a new position in shares of Autodesk in the fourth quarter valued at about $25,000. Torren Management LLC purchased a new position in shares of Autodesk in the fourth quarter worth about $25,000. Archer Investment Corp lifted its holdings in shares of Autodesk by 112.2% during the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after purchasing an additional 46 shares during the period. Finally, Prosperity Bancshares Inc acquired a new stake in shares of Autodesk during the fourth quarter worth about $27,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Stock Up 1.2%

Shares of ADSK stock opened at $240.03 on Thursday. Autodesk, Inc. has a twelve month low of $185.50 and a twelve month high of $329.09. The stock has a market cap of $50.65 billion, a P/E ratio of 34.99, a P/E/G ratio of 1.46 and a beta of 1.29. The stock has a 50 day moving average of $214.15 and a 200 day moving average of $232.68. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, topping the consensus estimate of $2.84 by $0.15. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The business’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.29 EPS. 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, sell-side analysts expect that Autodesk, Inc. will post 9.64 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on ADSK. Rothschild & Co Redburn cut their price target on shares of Autodesk from $375.00 to $360.00 and set a “buy” rating on the stock in a report on Monday, June 1st. Zacks Research downgraded shares of Autodesk from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Wells Fargo & Company cut their price objective on shares of Autodesk from $350.00 to $330.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. DA Davidson reissued a “buy” rating and set a $325.00 target price on shares of Autodesk in a report on Friday, May 29th. Finally, Citigroup boosted their target price on shares of Autodesk from $246.00 to $252.00 and gave the company a “neutral” rating in a research report on Friday, May 29th. Three 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $323.40.

Insider Buying and Selling

In other news, Director Stacy J. Smith purchased 3,435 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were bought at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the completion of the transaction, the director owned 26,517 shares in the company, valued at $6,129,934.89. This represents a 14.88% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John T. Cahill purchased 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was acquired at an average price of $189.20 per share, with a total value of $378,400.00. Following the purchase, the director owned 4,000 shares in the company, valued at $756,800. This represents a 100.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have bought 7,935 shares of company stock valued at $1,666,644. Corporate insiders own 0.14% of the company’s stock.

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.