Deutsche Bank AG Sells 13,180 Shares of Autodesk, Inc. $ADSK

Deutsche Bank AG reduced its stake in Autodesk, Inc. (NASDAQ:ADSK) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,878,448 shares of the software company’s stock after selling 13,180 shares during the quarter. Deutsche Bank AG’s holdings in Autodesk were worth $556,039,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Torren Management LLC bought a new stake in shares of Autodesk in the 4th quarter worth approximately $25,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Autodesk in the 3rd quarter worth approximately $25,000. Archer Investment Corp boosted its position in shares of Autodesk by 112.2% in the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after purchasing an additional 46 shares in the last quarter. High Point Wealth Management LLC bought a new stake in shares of Autodesk in the 4th quarter worth approximately $44,000. Finally, iSAM Funds UK Ltd bought a new stake in shares of Autodesk in the 3rd quarter worth approximately $46,000. 90.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on ADSK shares. Barclays dropped their price target on Autodesk from $315.00 to $300.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 13th. Zacks Research cut Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. KeyCorp dropped their price target on Autodesk from $365.00 to $341.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Jefferies Financial Group raised Autodesk to a “strong-buy” rating in a research report on Tuesday, May 26th. Finally, Piper Sandler dropped their price target on Autodesk from $383.00 to $369.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $327.21.

Autodesk Price Performance

NASDAQ ADSK opened at $224.08 on Wednesday. The business’s fifty day moving average price is $237.31 and its 200-day moving average price is $256.98. The stock has a market capitalization of $47.28 billion, a price-to-earnings ratio of 32.66, a PEG ratio of 1.39 and a beta of 1.29. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.83. Autodesk, Inc. has a 1-year low of $214.10 and a 1-year high of $329.09.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results 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. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The company’s revenue was up 18.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.29 EPS. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. On average, equities analysts predict that Autodesk, Inc. will post 9.64 earnings per share for the current year.

Insider Buying and Selling at Autodesk

In other news, Director Stacy J. Smith purchased 3,435 shares of the stock in a transaction dated Friday, May 29th. The shares were purchased at an average cost of $231.17 per share, with a total value of $794,068.95. Following the acquisition, the director directly owned 26,517 shares of the company’s stock, valued at $6,129,934.89. This represents a 14.88% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is owned by insiders.

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.