Groupama Asset Managment Reduces Holdings in Autodesk, Inc. $ADSK

Groupama Asset Managment cut its position in Autodesk, Inc. (NASDAQ:ADSK) by 35.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 10,148 shares of the software company’s stock after selling 5,575 shares during the quarter. Groupama Asset Managment’s holdings in Autodesk were worth $3,224,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ADSK. Brighton Jones LLC grew its stake in shares of Autodesk by 14.5% during the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock valued at $343,000 after acquiring an additional 147 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in shares of Autodesk by 98.1% in the second quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock worth $765,000 after acquiring an additional 1,224 shares in the last quarter. Schnieders Capital Management LLC. purchased a new position in Autodesk in the second quarter valued at about $466,000. Avantax Advisory Services Inc. grew its stake in Autodesk by 35.6% during the 2nd quarter. Avantax Advisory Services Inc. now owns 7,132 shares of the software company’s stock valued at $2,208,000 after purchasing an additional 1,874 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its stake in Autodesk by 24.0% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 42,081 shares of the software company’s stock valued at $13,027,000 after purchasing an additional 8,144 shares in the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Price Performance

Shares of ADSK opened at $247.65 on Friday. Autodesk, Inc. has a 52 week low of $215.01 and a 52 week high of $329.09. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.82. The firm has a market cap of $52.25 billion, a price-to-earnings ratio of 47.26, a PEG ratio of 1.65 and a beta of 1.45. The stock has a 50 day moving average of $249.50 and a 200-day moving average of $286.46.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $0.21. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period in the prior year, the company posted $2.29 EPS. The business’s revenue was up 19.4% compared to the same quarter last year. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. As a group, analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ADSK shares. Rosenblatt Securities cut their target price on Autodesk from $375.00 to $330.00 and set a “buy” rating on the stock in a research report on Tuesday, February 24th. Bank of America raised their price target on shares of Autodesk from $360.00 to $365.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Rothschild & Co Redburn set a $375.00 price target on shares of Autodesk in a research note on Friday, January 9th. Barclays upped their price target on shares of Autodesk from $300.00 to $315.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Autodesk from $375.00 to $330.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $342.96.

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.