Bwcp LP Sells 23,823 Shares of Autodesk, Inc. $ADSK

Bwcp LP lessened its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 21.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 88,502 shares of the software company’s stock after selling 23,823 shares during the quarter. Autodesk comprises approximately 4.5% of Bwcp LP’s investment portfolio, making the stock its 7th largest holding. Bwcp LP’s holdings in Autodesk were worth $27,398,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of ADSK. Vanguard Group Inc. boosted its holdings in Autodesk by 0.9% in the second quarter. Vanguard Group Inc. now owns 20,963,515 shares of the software company’s stock valued at $6,489,675,000 after purchasing an additional 180,596 shares during the period. State Street Corp raised its position in Autodesk by 1.8% in the 2nd quarter. State Street Corp now owns 10,086,995 shares of the software company’s stock valued at $3,122,631,000 after purchasing an additional 174,247 shares in the last quarter. Loomis Sayles & Co. L P boosted its stake in shares of Autodesk by 1.5% in the 2nd quarter. Loomis Sayles & Co. L P now owns 5,831,447 shares of the software company’s stock valued at $1,805,241,000 after buying an additional 88,066 shares during the period. Geode Capital Management LLC boosted its stake in shares of Autodesk by 15.1% in the 2nd quarter. Geode Capital Management LLC now owns 5,606,264 shares of the software company’s stock valued at $1,730,415,000 after buying an additional 734,449 shares during the period. Finally, Ninety One UK Ltd grew its position in shares of Autodesk by 3.7% during the second quarter. Ninety One UK Ltd now owns 5,338,125 shares of the software company’s stock worth $1,652,523,000 after buying an additional 191,448 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on ADSK shares. Bank of America raised their target price on shares of Autodesk from $360.00 to $365.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. Wolfe Research increased their price objective on shares of Autodesk from $370.00 to $390.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Stifel Nicolaus raised their price objective on shares of Autodesk from $350.00 to $375.00 and gave the company a “buy” rating in a report on Friday, August 29th. The Goldman Sachs Group lifted their price objective on shares of Autodesk from $320.00 to $330.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Finally, BMO Capital Markets increased their target price on Autodesk from $333.00 to $343.00 and gave the company a “market perform” rating in a report on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $369.77.

Insider Buying and Selling at Autodesk

In other news, Director Ayanna Howard sold 917 shares of the business’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $325.00, for a total value of $298,025.00. Following the completion of the sale, the director directly owned 3,476 shares of the company’s stock, valued at approximately $1,129,700. The trade was a 20.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.15% of the company’s stock.

Autodesk Trading Down 1.1%

Shares of Autodesk stock opened at $297.64 on Friday. The company has a fifty day simple moving average of $302.70 and a 200-day simple moving average of $303.46. Autodesk, Inc. has a 12-month low of $232.67 and a 12-month high of $329.09. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.86. The stock has a market cap of $63.10 billion, a price-to-earnings ratio of 57.68, a PEG ratio of 2.44 and a beta of 1.47.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Tuesday, November 25th. The software company reported $2.67 EPS for the quarter, topping the consensus estimate of $2.50 by $0.17. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the business earned $2.17 EPS. Autodesk’s revenue for the quarter was up 18.0% compared to the same quarter last year. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS and its Q4 2026 guidance at 2.590-2.67 EPS. On average, equities analysts forecast 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.