The Manufacturers Life Insurance Company Cuts Position in Autodesk, Inc. $ADSK

The Manufacturers Life Insurance Company trimmed its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 9.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 552,805 shares of the software company’s stock after selling 56,899 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Autodesk were worth $171,132,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Autodesk by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 20,963,515 shares of the software company’s stock valued at $6,489,675,000 after acquiring an additional 180,596 shares in the last quarter. State Street Corp boosted its position in shares of Autodesk by 1.8% in the second quarter. State Street Corp now owns 10,086,995 shares of the software company’s stock worth $3,122,631,000 after buying an additional 174,247 shares during the period. Loomis Sayles & Co. L P raised its holdings in shares of Autodesk by 1.5% during the 2nd quarter. Loomis Sayles & Co. L P now owns 5,831,447 shares of the software company’s stock valued at $1,805,241,000 after buying an additional 88,066 shares during the period. Geode Capital Management LLC raised its holdings in shares of Autodesk by 15.1% during the 2nd quarter. Geode Capital Management LLC now owns 5,606,264 shares of the software company’s stock valued at $1,730,415,000 after buying an additional 734,449 shares during the period. Finally, Ninety One UK Ltd grew its position in Autodesk by 3.7% in the second quarter. Ninety One UK Ltd now owns 5,338,125 shares of the software company’s stock valued at $1,652,523,000 after acquiring an additional 191,448 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ADSK shares. UBS Group restated a “buy” rating and issued a $400.00 target price on shares of Autodesk in a research note on Wednesday, November 26th. Wall Street Zen lowered shares of Autodesk from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 28th. Bank of America raised their target price on Autodesk from $360.00 to $365.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Robert W. Baird boosted their price target on Autodesk from $367.00 to $377.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. Finally, DA Davidson restated a “buy” rating and set a $375.00 price objective on shares of Autodesk in a research note on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $369.77.

Insider Activity

In related news, Director Ayanna Howard sold 917 shares of the firm’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $325.00, for a total transaction of $298,025.00. Following the transaction, 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 document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.15% of the company’s stock.

Autodesk Stock Performance

Shares of ADSK stock opened at $300.92 on Friday. The stock has a market capitalization of $63.80 billion, a price-to-earnings ratio of 58.32, a PEG ratio of 2.44 and a beta of 1.47. Autodesk, Inc. has a one year low of $232.67 and a one year high of $329.09. The company’s 50-day simple moving average is $303.13 and its 200-day simple moving average is $303.44. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.82 and a current ratio of 0.82.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Tuesday, November 25th. The software company reported $2.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $0.17. Autodesk had a return on equity of 52.06% and a net margin of 16.09%.The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the prior year, the firm posted $2.17 earnings per share. Autodesk’s revenue for the quarter was up 18.0% compared to the same quarter last year. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS and its Q4 2026 guidance at 2.590-2.67 EPS. Equities analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

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.