Autodesk, Inc. $ADSK Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 66.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 225,409 shares of the software company’s stock after selling 453,409 shares during the quarter. Wellington Management Group LLP owned 0.11% of Autodesk worth $43,824,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC acquired a new position in shares of Autodesk in the 3rd quarter worth approximately $25,000. Kemnay Advisory Services Inc. bought a new stake in Autodesk during the fourth quarter worth approximately $25,000. Prosperity Bancshares Inc acquired a new position in Autodesk in the fourth quarter worth approximately $27,000. Swiss RE Ltd. acquired a new position in Autodesk in the fourth quarter worth approximately $32,000. Finally, Ascentis Independent Advisors bought a new position in shares of Autodesk in the first quarter valued at $28,000. 90.24% of the stock is currently owned by institutional investors.

Insider Transactions at Autodesk

In related news, EVP Janesh Moorjani purchased 2,500 shares of Autodesk stock in a transaction dated Monday, June 15th. The stock was acquired at an average cost of $197.67 per share, with a total value of $494,175.00. Following the completion of the transaction, the executive vice president directly owned 50,993 shares of the company’s stock, valued at $10,079,786.31. This trade represents a 5.16% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John T. Cahill purchased 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were bought at an average price of $189.20 per share, with a total value of $378,400.00. Following the completion of the acquisition, the director owned 4,000 shares of the company’s stock, valued at $756,800. This trade represents a 100.00% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 0.14% of the company’s stock.

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $237.52 on Friday. The company’s fifty day moving average is $230.47 and its two-hundred day moving average is $232.60. The company has a quick ratio of 0.83, a current ratio of 0.86 and a debt-to-equity ratio of 0.59. Autodesk, Inc. has a 12-month low of $185.50 and a 12-month high of $329.09. The company has a market cap of $49.64 billion, a P/E ratio of 30.73, a price-to-earnings-growth ratio of 1.59 and a beta of 1.31.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, August 27th. The software company reported $3.30 EPS for the quarter, topping the consensus estimate of $3.12 by $0.18. Autodesk had a return on equity of 58.63% and a net margin of 21.08%.The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter last year, the firm posted $2.62 earnings per share. Autodesk’s revenue was up 16.1% compared to the same quarter last year. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. Equities analysts expect that Autodesk, Inc. will post 9.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Rothschild & Co Redburn reduced their price objective on Autodesk from $375.00 to $360.00 and set a “buy” rating for the company in a research note on Monday, June 1st. Berenberg Bank set a $333.00 target price on Autodesk in a research report on Tuesday. Weiss Ratings raised Autodesk from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. BNP Paribas Exane increased their price target on Autodesk from $295.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, August 28th. Finally, Morgan Stanley cut their price objective on Autodesk from $350.00 to $315.00 and set an “overweight” rating on the stock in a report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $321.19.

Autodesk Company 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.