Bessemer Group Inc. Lowers Position in Autodesk, Inc. $ADSK

Bessemer Group Inc. decreased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 3.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,539 shares of the software company’s stock after selling 300 shares during the quarter. Bessemer Group Inc.’s holdings in Autodesk were worth $2,334,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Beacon Financial Group increased its holdings in Autodesk by 3.0% in the second quarter. Beacon Financial Group now owns 1,130 shares of the software company’s stock valued at $350,000 after buying an additional 33 shares in the last quarter. Freedom Investment Management Inc. grew its position in shares of Autodesk by 2.4% during the 1st quarter. Freedom Investment Management Inc. now owns 1,473 shares of the software company’s stock valued at $386,000 after acquiring an additional 34 shares during the period. Financial Network Wealth Advisors LLC grew its position in shares of Autodesk by 34.9% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 143 shares of the software company’s stock valued at $37,000 after acquiring an additional 37 shares during the period. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Autodesk by 67.8% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 99 shares of the software company’s stock valued at $31,000 after purchasing an additional 40 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its holdings in Autodesk by 3.9% in the 1st quarter. Cullen Frost Bankers Inc. now owns 1,123 shares of the software company’s stock worth $294,000 after purchasing an additional 42 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Mizuho raised their price objective on Autodesk from $350.00 to $375.00 and gave the company an “outperform” rating in a report on Friday, August 29th. HSBC set a $343.00 price target on shares of Autodesk and gave the company a “buy” rating in a research note on Wednesday, October 1st. Macquarie boosted their price target on shares of Autodesk from $360.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Stifel Nicolaus increased their price objective on shares of Autodesk from $350.00 to $375.00 and gave the company a “buy” rating in a report on Friday, August 29th. Finally, Loop Capital started coverage on shares of Autodesk in a research note on Monday, July 21st. They set a “hold” rating and a $320.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $359.13.

Autodesk Trading Up 1.2%

ADSK opened at $300.77 on Friday. The firm has a market capitalization of $64.06 billion, a price-to-earnings ratio of 62.27, a price-to-earnings-growth ratio of 2.63 and a beta of 1.49. The company’s 50 day simple moving average is $312.75 and its two-hundred day simple moving average is $299.23. 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.

Autodesk (NASDAQ:ADSK) last posted 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 company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same period in the prior year, the business posted $2.15 EPS. Autodesk’s revenue for the quarter 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. Analysts expect that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Ayanna Howard sold 917 shares of Autodesk 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 owned 3,476 shares in the company, valued at $1,129,700. The trade was a 20.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ruth Ann Keene sold 2,761 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total transaction of $869,991.10. Following the completion of the sale, the executive vice president directly owned 80,255 shares of the company’s stock, valued at $25,288,350.50. This represents a 3.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 35,386 shares of company stock valued at $11,433,201 over the last 90 days. Insiders own 0.15% of the company’s stock.

Autodesk Company Profile

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.