Rathbones Group PLC Sells 20,764 Shares of Autodesk, Inc. $ADSK

Rathbones Group PLC lowered its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 35.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,109 shares of the software company’s stock after selling 20,764 shares during the quarter. Rathbones Group PLC’s holdings in Autodesk were worth $9,123,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Autodesk by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 21,493,167 shares of the software company’s stock worth $6,362,192,000 after buying an additional 78,928 shares during the last quarter. State Street Corp increased its holdings in Autodesk by 0.7% during the fourth quarter. State Street Corp now owns 10,157,826 shares of the software company’s stock valued at $3,006,818,000 after buying an additional 70,053 shares during the last quarter. Geode Capital Management LLC raised its position in Autodesk by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 5,682,041 shares of the software company’s stock worth $1,677,404,000 after acquiring an additional 123,691 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Autodesk by 5.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,144,627 shares of the software company’s stock worth $752,824,000 after acquiring an additional 155,255 shares during the period. Finally, Norges Bank purchased a new position in shares of Autodesk during the 4th quarter worth $867,480,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Trading Up 0.2%

Shares of Autodesk stock opened at $234.71 on Tuesday. Autodesk, Inc. has a fifty-two week low of $185.50 and a fifty-two week high of $329.09. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 0.83. The company has a market capitalization of $49.52 billion, a P/E ratio of 34.21, a P/E/G ratio of 1.44 and a beta of 1.29. The company has a fifty day moving average of $214.11 and a 200 day moving average of $233.01.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.15. The business 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 business’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period last year, the firm earned $2.29 earnings per share. 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, sell-side analysts anticipate that Autodesk, Inc. will post 9.64 earnings per share for the current fiscal year.

Insider Activity at Autodesk

In other Autodesk news, Director John T. Cahill purchased 2,000 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was acquired at an average cost of $189.20 per share, for a total transaction of $378,400.00. Following the purchase, the director directly owned 4,000 shares of the company’s stock, valued at $756,800. This trade represents a 100.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stacy J. Smith acquired 3,435 shares of the business’s stock in a transaction on Friday, May 29th. The shares were bought at an average cost of $231.17 per share, with a total value of $794,068.95. Following the completion of the acquisition, the director owned 26,517 shares in the company, valued at approximately $6,129,934.89. This represents a 14.88% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have acquired 7,935 shares of company stock valued at $1,666,644. 0.14% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Rothschild & Co Redburn cut their price objective on shares of Autodesk from $375.00 to $360.00 and set a “buy” rating for the company in a research report on Monday, June 1st. Royal Bank Of Canada lowered their target price on Autodesk from $335.00 to $305.00 and set an “outperform” rating on the stock in a research report on Friday, May 29th. Weiss Ratings lowered Autodesk from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 10th. UBS Group restated a “buy” rating on shares of Autodesk in a research report on Friday, May 29th. Finally, Robert W. Baird decreased their price objective on Autodesk from $355.00 to $312.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.40.

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.