Autodesk, Inc. $ADSK Stock Sold by M&G PLC

M&G PLC reduced its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 24.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 212,037 shares of the software company’s stock after selling 69,521 shares during the period. M&G PLC owned approximately 0.10% of Autodesk worth $44,316,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of ADSK. Ascentis Independent Advisors acquired a new position in shares of Autodesk in the 1st quarter worth approximately $28,000. Johnson Financial Group Inc. acquired a new stake in Autodesk during the second quarter valued at approximately $30,000. Next Level Wealth Planning LLC bought a new stake in Autodesk during the third quarter worth approximately $35,000. Avalon Trust Co boosted its holdings in Autodesk by 97.8% during the first quarter. Avalon Trust Co now owns 180 shares of the software company’s stock worth $43,000 after buying an additional 89 shares in the last quarter. Finally, Wellington Grp LLC grew its position in Autodesk by 873.7% in the first quarter. Wellington Grp LLC now owns 185 shares of the software company’s stock worth $44,000 after buying an additional 166 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Citigroup upped their price target on Autodesk from $269.00 to $276.00 and gave the company a “neutral” rating in a report on Monday, August 31st. Wall Street Zen lowered Autodesk from a “buy” rating to a “hold” rating in a research note on Monday, November 2nd. Berenberg Bank set a $333.00 target price on Autodesk in a report on Tuesday, September 1st. BMO Capital Markets boosted their target price on Autodesk from $262.00 to $283.00 and gave the stock a “market perform” rating in a research report on Friday, August 28th. Finally, Robert W. Baird upped their target price on Autodesk from $312.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, August 21st. Twenty-six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $317.62.

Autodesk Stock Up 0.6%

Shares of NASDAQ:ADSK opened at $263.35 on Tuesday. The firm has a 50 day simple moving average of $233.03 and a 200 day simple moving average of $234.16. Autodesk, Inc. has a 52 week low of $185.50 and a 52 week high of $320.00. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market cap of $55.04 billion, a PE ratio of 34.07, a price-to-earnings-growth ratio of 1.79 and a beta of 1.27.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, August 27th. The software company reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.12 by $0.18. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the previous year, the company posted $2.62 EPS. The company’s quarterly 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. As a group, research analysts expect that Autodesk, Inc. will post 9.70 earnings per share for the current year.

Autodesk Profile

Autodesk, Inc develops software and cloud-based services for designing, building, making, and creating digital media. Its tools support professionals and organizations across architecture, engineering, construction, manufacturing, and entertainment.

The company’s products include AutoCAD for computer-aided design, Revit for building information modeling, Fusion for product design and manufacturing, and Maya and 3ds Max for 3D animation and visual effects. Autodesk also offers cloud services that help customers collaborate and manage design and construction projects.

Founded in 1982, Autodesk serves customers around the world.