Candriam S.C.A. Reduces Stock Position in Autodesk, Inc. $ADSK

Candriam S.C.A. lessened its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 8.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 307,776 shares of the software company’s stock after selling 26,883 shares during the quarter. Candriam S.C.A.’s holdings in Autodesk were worth $95,282,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Access Investment Management LLC bought a new position in shares of Autodesk in the second quarter worth about $28,000. Cheviot Value Management LLC bought a new stake in Autodesk during the 1st quarter valued at about $27,000. SouthState Corp boosted its position in Autodesk by 500.0% in the 1st quarter. SouthState Corp now owns 96 shares of the software company’s stock valued at $25,000 after buying an additional 80 shares during the period. Livelsberger Financial Advisory bought a new position in Autodesk in the 2nd quarter worth about $31,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its position in shares of Autodesk by 67.8% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 99 shares of the software company’s stock worth $31,000 after acquiring an additional 40 shares during the period. 90.24% of the stock is currently owned by institutional investors.

Autodesk Price Performance

Shares of ADSK stock opened at $301.74 on Thursday. The stock’s 50-day moving average is $312.81 and its 200 day moving average is $301.84. Autodesk, Inc. has a 1-year low of $232.67 and a 1-year high of $329.09. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market cap of $64.27 billion, a P/E ratio of 62.47, a PEG ratio of 2.63 and a beta of 1.51.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, August 28th. The software company reported $1.46 EPS for the quarter, missing the consensus estimate of $2.45 by ($0.99). Autodesk had a net margin of 15.75% and a return on equity of 51.23%. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the previous year, the company posted $2.15 earnings per share. The business’s quarterly revenue was up 17.1% compared to the same quarter last year. Autodesk has set its FY 2026 guidance at 9.800-9.980 EPS. Q3 2026 guidance at 2.480-2.510 EPS. Research analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Stifel Nicolaus boosted their price target on Autodesk from $350.00 to $375.00 and gave the company a “buy” rating in a report on Friday, August 29th. Barclays lifted their target price on Autodesk from $355.00 to $385.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Rosenblatt Securities increased their price target on Autodesk from $345.00 to $355.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Berenberg Bank set a $370.00 price objective on Autodesk in a report on Monday, September 1st. Finally, Bank of America increased their target price on shares of Autodesk from $330.00 to $360.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned 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 an average price target of $359.13.

Insider Activity

In other Autodesk news, Director Ayanna Howard sold 917 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The shares were 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 in the company, valued at $1,129,700. This trade represents a 20.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ruth Ann Keene sold 2,761 shares of the company’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $315.10, for a total value of $869,991.10. Following the transaction, the executive vice president directly owned 80,255 shares in the company, valued at approximately $25,288,350.50. The trade was a 3.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 35,386 shares of company stock worth $11,433,201. 0.15% of the stock is currently owned by insiders.

About Autodesk

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.