Autodesk, Inc. $ADSK Shares Sold by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR trimmed its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 23.2% during the fourth quarter, Holdings Channel reports. The fund owned 21,970 shares of the software company’s stock after selling 6,628 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Autodesk were worth $6,503,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ADSK. Mirae Asset Global Investments Co. Ltd. grew its stake in Autodesk by 12.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,180 shares of the software company’s stock worth $48,661,000 after purchasing an additional 17,358 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its stake in Autodesk by 18.7% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 130,669 shares of the software company’s stock valued at $41,510,000 after buying an additional 20,543 shares in the last quarter. OFI Invest Asset Management raised its stake in Autodesk by 246.4% during the fourth quarter. OFI Invest Asset Management now owns 52,649 shares of the software company’s stock valued at $15,585,000 after buying an additional 37,449 shares in the last quarter. Pacific Heights Asset Management LLC lifted its holdings in Autodesk by 26.9% during the 3rd quarter. Pacific Heights Asset Management LLC now owns 85,000 shares of the software company’s stock worth $27,002,000 after buying an additional 18,000 shares during the last quarter. Finally, Freemont Management S.A. bought a new position in Autodesk during the 3rd quarter worth approximately $4,765,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Stock Down 2.6%

ADSK stock opened at $244.50 on Friday. Autodesk, Inc. has a 52 week low of $214.10 and a 52 week high of $329.09. The company has a market capitalization of $51.63 billion, a price-to-earnings ratio of 46.66, a price-to-earnings-growth ratio of 1.66 and a beta of 1.32. The firm’s 50-day moving average is $242.28 and its two-hundred day moving average is $267.54. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.82.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, February 26th. The software company reported $2.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $0.21. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same period last year, the firm posted $2.29 earnings per share. The business’s revenue was up 19.4% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. On average, analysts forecast that Autodesk, Inc. will post 9.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ADSK. Rothschild & Co Redburn set a $375.00 price target on Autodesk in a report on Friday, January 9th. Oppenheimer reduced their price objective on Autodesk from $375.00 to $325.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 24th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Autodesk in a report on Wednesday, January 21st. Morgan Stanley reiterated an “overweight” rating on shares of Autodesk in a research note on Wednesday, March 18th. Finally, Robert W. Baird dropped their target price on shares of Autodesk from $355.00 to $312.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $335.93.

About Autodesk

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.