Groupe la Francaise Lowers Position in Autodesk, Inc. $ADSK

Groupe la Francaise cut its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 96.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 977 shares of the software company’s stock after selling 26,234 shares during the period. Groupe la Francaise’s holdings in Autodesk were worth $190,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC purchased a new stake in shares of Autodesk in the third quarter valued at about $25,000. Kemnay Advisory Services Inc. purchased a new position in Autodesk during the fourth quarter worth about $25,000. Prosperity Bancshares Inc bought a new stake in Autodesk in the 4th quarter worth about $27,000. Swiss RE Ltd. bought a new stake in Autodesk in the 4th quarter worth about $32,000. Finally, Ascentis Independent Advisors purchased a new stake in Autodesk in the 1st quarter valued at about $28,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Stock Down 2.6%

Autodesk stock opened at $212.21 on Wednesday. The firm has a 50 day simple moving average of $231.71 and a 200 day simple moving average of $232.33. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.59. Autodesk, Inc. has a 1-year low of $185.50 and a 1-year high of $326.87. The firm has a market capitalization of $44.35 billion, a price-to-earnings ratio of 27.45, a P/E/G ratio of 1.43 and a beta of 1.31.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $3.12 by $0.18. Autodesk had a return on equity of 58.63% and a net margin of 21.08%.The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period last year, the company earned $2.62 earnings per share. The business’s revenue for the quarter was up 16.1% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. On average, analysts predict that Autodesk, Inc. will post 9.64 earnings per share for the current year.

Insider Activity at Autodesk

In other news, Director John Cahill purchased 2,000 shares of the business’s stock in a transaction on Tuesday, June 23rd. The stock was purchased at an average cost of $189.20 per share, with a total value of $378,400.00. Following the acquisition, the director directly owned 4,000 shares in the company, valued at approximately $756,800. This trade represents a 100.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Janesh Moorjani bought 2,500 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was acquired at an average price of $197.67 per share, for a total transaction of $494,175.00. Following the completion of the purchase, the executive vice president directly owned 50,993 shares in the company, valued at approximately $10,079,786.31. The trade was a 5.16% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ADSK. Wall Street Zen upgraded Autodesk from a “hold” rating to a “buy” rating in a research note on Sunday. Zacks Research downgraded Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. BTIG Research reissued a “buy” rating and issued a $300.00 price objective on shares of Autodesk in a research report on Friday, August 28th. BNP Paribas Exane upped their price objective on Autodesk from $295.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, August 28th. Finally, Morgan Stanley lowered their target price on Autodesk from $350.00 to $315.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $321.19.

Autodesk Company 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.