Trillium Asset Management LLC Trims Holdings in Autodesk, Inc. $ADSK

Trillium Asset Management LLC cut its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 8.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,353 shares of the software company’s stock after selling 2,974 shares during the quarter. Trillium Asset Management LLC’s holdings in Autodesk were worth $9,067,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in Autodesk by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 21,493,167 shares of the software company’s stock valued at $6,362,192,000 after acquiring an additional 78,928 shares during the period. Geode Capital Management LLC lifted its stake in Autodesk by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 5,682,041 shares of the software company’s stock valued at $1,677,404,000 after acquiring an additional 123,691 shares during the period. Norges Bank bought a new position in Autodesk during the 4th quarter valued at about $867,480,000. Amundi lifted its stake in Autodesk by 3.0% during the 3rd quarter. Amundi now owns 2,726,105 shares of the software company’s stock valued at $881,704,000 after acquiring an additional 79,171 shares during the period. Finally, Northern Trust Corp lifted its stake in Autodesk by 0.4% during the 3rd quarter. Northern Trust Corp now owns 2,517,683 shares of the software company’s stock valued at $799,792,000 after acquiring an additional 10,169 shares during the period. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Price Performance

NASDAQ ADSK opened at $198.43 on Friday. Autodesk, Inc. has a 12 month low of $194.47 and a 12 month high of $329.09. The stock has a market cap of $41.87 billion, a price-to-earnings ratio of 28.93, a PEG ratio of 1.27 and a beta of 1.29. The company’s 50 day moving average is $235.55 and its two-hundred day moving average is $255.52. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.15. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period last year, the firm posted $2.29 EPS. The company’s revenue was up 18.4% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. As a group, research analysts anticipate that Autodesk, Inc. will post 9.64 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ADSK shares. Zacks Research downgraded shares of Autodesk from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Autodesk from $375.00 to $330.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. Rosenblatt Securities reissued a “buy” rating and issued a $330.00 price objective on shares of Autodesk in a report on Monday, June 1st. Argus raised shares of Autodesk to a “strong-buy” rating in a report on Friday, March 6th. Finally, Citigroup raised their price objective on shares of Autodesk from $246.00 to $252.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three 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 a consensus target price of $327.21.

Insider Buying and Selling at Autodesk

In other Autodesk news, Director Stacy J. Smith bought 3,435 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was acquired at an average cost of $231.17 per share, for a total transaction of $794,068.95. Following the completion of the transaction, the director owned 26,517 shares in the company, valued at $6,129,934.89. This trade 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 available at the SEC website. Company insiders own 0.14% of the company’s stock.

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.