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

Generali Asset Management SPA SGR lessened its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 7.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 29,828 shares of the software company’s stock after selling 2,558 shares during the period. Generali Asset Management SPA SGR’s holdings in Autodesk were worth $6,234,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Ascentis Independent Advisors bought a new stake in Autodesk in the first quarter worth approximately $28,000. Johnson Financial Group Inc. acquired a new position in shares of Autodesk during the 2nd quarter worth $30,000. Avalon Trust Co bought a new position in shares of Autodesk during the 2nd quarter valued at $35,000. Community Financial Services Group LLC bought a new position in shares of Autodesk during the 2nd quarter valued at $37,000. Finally, Clearstead Trust LLC bought a new position in shares of Autodesk during the 2nd quarter valued at $39,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Stock Up 0.1%

Shares of Autodesk stock opened at $242.38 on Thursday. Autodesk, Inc. has a 12-month low of $185.50 and a 12-month high of $320.00. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.59. The stock has a 50 day moving average price of $232.67 and a two-hundred day moving average price of $234.46. The stock has a market capitalization of $50.66 billion, a P/E ratio of 31.36, a PEG ratio of 1.65 and a beta of 1.33.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.12 by $0.18. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the firm posted $2.62 earnings per share. The company’s quarterly revenue was up 16.1% compared to the same quarter last year. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. Equities analysts expect that Autodesk, Inc. will post 9.70 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ADSK. KeyCorp reaffirmed an “overweight” rating on shares of Autodesk in a research note on Wednesday, August 19th. Guggenheim reissued a “buy” rating and set a $283.00 target price on shares of Autodesk in a research report on Monday, September 21st. The Goldman Sachs Group upgraded Autodesk from a “hold” rating to an “outperform” rating and set a $265.00 target price on the stock in a report on Thursday, September 17th. Piper Sandler assumed coverage on Autodesk in a report on Monday, September 28th. They set an “overweight” rating and a $300.00 target price on the stock. Finally, Wall Street Zen raised Autodesk from a “hold” rating to a “buy” rating in a research report on Sunday. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $316.84.

About Autodesk

Autodesk, Inc develops software and cloud-based services for the architecture, engineering, construction, manufacturing, media and entertainment industries. Its products help customers design, visualize, simulate and manage projects, products and digital content throughout their lifecycles.

The company’s portfolio includes AutoCAD for computer-aided design; Revit for building information modeling; Civil 3D for civil engineering and infrastructure design; Inventor and Fusion for product design and manufacturing; and Maya and 3ds Max for animation, modeling and visual effects.