Autodesk, Inc. $ADSK Stock Position Lifted by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 20.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 57,391 shares of the software company’s stock after purchasing an additional 9,794 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in Autodesk were worth $13,739,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in Autodesk in the fourth quarter worth about $867,480,000. Northwestern Mutual Wealth Management Co. increased its stake in Autodesk by 44,345.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,280,515 shares of the software company’s stock valued at $675,055,000 after buying an additional 2,275,384 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Autodesk by 46.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,989,372 shares of the software company’s stock valued at $884,884,000 after buying an additional 952,343 shares during the period. Wellington Management Group LLP increased its stake in Autodesk by 103.5% during the 4th quarter. Wellington Management Group LLP now owns 1,868,159 shares of the software company’s stock valued at $552,994,000 after buying an additional 950,149 shares during the period. Finally, Pictet Asset Management Holding SA raised its position in shares of Autodesk by 80.2% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,103,376 shares of the software company’s stock worth $503,521,000 after buying an additional 936,388 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Autodesk news, EVP Janesh Moorjani purchased 2,500 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were purchased at an average price of $197.67 per share, for a total transaction of $494,175.00. Following the completion of the transaction, the executive vice president owned 50,993 shares in the company, valued at $10,079,786.31. This represents a 5.16% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stacy J. Smith purchased 3,435 shares of the company’s stock in a transaction on Friday, May 29th. The stock was bought at an average cost of $231.17 per share, for a total transaction of $794,068.95. Following the acquisition, the director directly owned 26,517 shares of the company’s stock, valued at $6,129,934.89. This represents a 14.88% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have acquired 7,935 shares of company stock worth $1,666,644. 0.14% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ADSK. BMO Capital Markets reduced their price target on shares of Autodesk from $279.00 to $262.00 and set a “market perform” rating for the company in a research note on Friday, May 29th. DA Davidson reiterated a “buy” rating and set a $325.00 price objective on shares of Autodesk in a research note on Friday, May 29th. UBS Group reissued a “buy” rating on shares of Autodesk in a report on Friday, May 29th. Barclays cut their target price on Autodesk from $315.00 to $300.00 and set an “overweight” rating for the company in a research report on Wednesday, May 13th. Finally, Rothschild & Co Redburn decreased their price target on Autodesk from $375.00 to $360.00 and set a “buy” rating for the company in a research note on Monday, June 1st. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and an average price target of $323.40.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $209.75 on Friday. Autodesk, Inc. has a twelve month low of $185.50 and a twelve month high of $329.09. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78. The firm has a 50-day moving average of $214.93 and a two-hundred day moving average of $235.32. The company has a market capitalization of $44.26 billion, a price-to-earnings ratio of 30.58, a PEG ratio of 1.29 and a beta of 1.32.

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, topping the consensus estimate of $2.84 by $0.15. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the previous year, the company posted $2.29 EPS. The business’s revenue was up 18.4% compared to the same quarter last year. 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, analysts expect that Autodesk, Inc. will post 9.64 earnings per share for the current fiscal year.

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.