Autodesk, Inc. $ADSK Shares Sold by Eastern Bank

Eastern Bank lowered its stake in Autodesk, Inc. (NASDAQ:ADSK) by 87.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,759 shares of the software company’s stock after selling 49,100 shares during the period. Eastern Bank’s holdings in Autodesk were worth $1,314,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. OFI Invest Asset Management lifted 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. Quantinno Capital Management LP increased its position in shares of Autodesk by 17.8% in the first quarter. Quantinno Capital Management LP now owns 385,572 shares of the software company’s stock worth $92,306,000 after acquiring an additional 58,285 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Autodesk by 158.4% during the first quarter. SG Americas Securities LLC now owns 272,548 shares of the software company’s stock valued at $65,248,000 after acquiring an additional 167,064 shares during the period. Man Group plc raised its holdings in shares of Autodesk by 28.6% during the fourth quarter. Man Group plc now owns 1,229,946 shares of the software company’s stock valued at $364,076,000 after acquiring an additional 273,765 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of Autodesk by 46.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 532,504 shares of the software company’s stock valued at $157,627,000 after acquiring an additional 169,099 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on ADSK. Rosenblatt Securities reaffirmed a “buy” rating and issued a $330.00 price objective on shares of Autodesk in a research note on Monday, June 1st. Guggenheim began coverage on shares of Autodesk in a research note on Wednesday, July 22nd. They set a “buy” rating and a $245.00 target price on the stock. Jefferies Financial Group upgraded Autodesk to a “strong-buy” rating in a report on Tuesday, May 26th. BNP Paribas Exane began coverage on Autodesk in a research report on Thursday, June 18th. They issued an “outperform” rating and a $295.00 target price for the company. Finally, Rothschild & Co Redburn lowered their price target on Autodesk from $375.00 to $360.00 and set a “buy” rating on the stock in a report on Monday, June 1st. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $323.40.

Insider Transactions at Autodesk

In other news, EVP Janesh Moorjani acquired 2,500 shares of Autodesk stock in a transaction that occurred on Monday, June 15th. The stock was purchased at an average price of $197.67 per share, with a total value of $494,175.00. Following the completion of the transaction, the executive vice president owned 50,993 shares in the company, valued at approximately $10,079,786.31. This trade represents a 5.16% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Stacy J. Smith bought 3,435 shares of the company’s stock in a transaction on Friday, May 29th. The stock was purchased at an average cost 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 approximately $6,129,934.89. The trade was a 14.88% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have purchased 7,935 shares of company stock valued at $1,666,644. 0.14% of the stock is owned by insiders.

Autodesk Stock Performance

ADSK stock opened at $237.21 on Wednesday. The firm has a 50 day simple moving average of $214.09 and a 200 day simple moving average of $232.84. Autodesk, Inc. has a 52 week low of $185.50 and a 52 week high of $329.09. The stock has a market cap of $50.05 billion, a P/E ratio of 34.58, a P/E/G ratio of 1.45 and a beta of 1.29. 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 released its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the prior year, the business earned $2.29 EPS. The company’s revenue for the quarter 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. Research analysts anticipate that Autodesk, Inc. will post 9.64 earnings per share for the current fiscal 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.