MUFG Securities EMEA plc grew its stake in Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 113.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,732 shares of the software company’s stock after buying an additional 4,636 shares during the period. MUFG Securities EMEA plc’s holdings in Autodesk were worth $2,585,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. OFI Invest Asset Management lifted its position in shares of Autodesk by 246.4% in the fourth quarter. OFI Invest Asset Management now owns 52,649 shares of the software company’s stock worth $15,585,000 after buying an additional 37,449 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Autodesk by 18.7% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 130,669 shares of the software company’s stock worth $41,510,000 after buying an additional 20,543 shares during the last quarter. Freemont Management S.A. acquired a new stake in shares of Autodesk in the third quarter worth about $4,765,000. Renaissance Group LLC acquired a new stake in shares of Autodesk in the third quarter worth about $33,789,000. Finally, Machina Capital S.A.S. lifted its position in shares of Autodesk by 80.8% during the 3rd quarter. Machina Capital S.A.S. now owns 12,839 shares of the software company’s stock worth $4,079,000 after purchasing an additional 5,739 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.
Trending Headlines about Autodesk
Here are the key news stories impacting Autodesk this week:
- Positive Sentiment: Zacks upgraded Autodesk (ADSK) to Rank #2 (Buy), signaling improving optimism around earnings prospects and potentially supporting further upside. Article: Autodesk (ADSK) Upgraded to Buy: What Does It Mean for the Stock?
- Positive Sentiment: Rosenblatt Securities reaffirmed a Buy rating and set a $330 price target, implying meaningful upside versus recent trading levels. Article: Autodesk buy rating reaffirmed by Rosenblatt Securities
- Positive Sentiment: Rothschild & Co Redburn also maintained a Buy rating while raising its price target to $360, reinforcing the bullish longer-term view on Autodesk’s shares. Article: Rothschild & Co Redburn adjusts PT on Autodesk
- Neutral Sentiment: Wells Fargo trimmed its price target to $330 from $350 but kept an Overweight rating, suggesting some caution on valuation without turning negative on the stock. Article: Wells Fargo Trims PT On Autodesk (ADSK) to $330
- Neutral Sentiment: Autodesk’s $3.6 billion cash acquisition of MaintainX could expand the company into operations and maintenance software, but it also adds execution and integration risk as investors assess whether the deal will create value. Article: Autodesk’s MaintainX Deal Expands Operations Focus While Shares Trade Lower
- Negative Sentiment: Analysts flagged timeline and business-impact risks tied to the MaintainX transaction, which could pressure sentiment if investors worry the acquisition distracts from Autodesk’s core software business. Article: Autodesk’s MaintainX Deal Faces Timeline Risks and Potential Business Impact
Autodesk Trading Up 7.3%
Autodesk (NASDAQ:ADSK – Get Free Report) last posted its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, beating the consensus estimate of $2.84 by $0.15. The firm had revenue of $1.93 billion during 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 company’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.29 EPS. 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, equities analysts forecast that Autodesk, Inc. will post 9.36 EPS for the current year.
Analyst Ratings Changes
Several equities analysts recently weighed in on the company. KeyCorp cut their price objective on Autodesk from $365.00 to $341.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. Rothschild & Co Redburn cut their price objective on Autodesk from $375.00 to $360.00 and set a “buy” rating for the company in a research report on Monday. Rosenblatt Securities reissued a “buy” rating and set a $330.00 price objective on shares of Autodesk in a research report on Monday. UBS Group reissued a “buy” rating on shares of Autodesk in a research report on Friday. Finally, Morgan Stanley cut their price objective on Autodesk from $350.00 to $315.00 and set an “overweight” rating for the company in a research report on Tuesday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $327.21.
Check Out Our Latest Analysis on Autodesk
Insider Buying and Selling
In other news, Director Stacy J. Smith purchased 3,435 shares of the business’s stock in a transaction on Friday, May 29th. The stock was purchased at an average price of $231.17 per share, with a total value of $794,068.95. Following the acquisition, the director directly owned 26,517 shares in the company, valued at approximately $6,129,934.89. The trade was a 14.88% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.14% of the stock is currently owned by company insiders.
About Autodesk
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.
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