BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sells 70,803 Shares of Autodesk, Inc. $ADSK

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lessened its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 14.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 430,298 shares of the software company’s stock after selling 70,803 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.20% of Autodesk worth $133,125,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. SouthState Corp boosted its stake in shares of Autodesk by 500.0% during the 1st quarter. SouthState Corp now owns 96 shares of the software company’s stock worth $25,000 after buying an additional 80 shares during the last quarter. Costello Asset Management INC acquired a new position in shares of Autodesk during the 1st quarter worth about $26,000. Close Asset Management Ltd acquired a new position in shares of Autodesk during the 1st quarter worth about $27,000. Cheviot Value Management LLC acquired a new position in shares of Autodesk during the 1st quarter worth about $27,000. Finally, Flaharty Asset Management LLC acquired a new position in shares of Autodesk during the 1st quarter worth about $27,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Down 0.9%

ADSK opened at $300.86 on Wednesday. Autodesk, Inc. has a 1-year low of $232.67 and a 1-year high of $329.09. The stock’s fifty day simple moving average is $313.71 and its 200 day simple moving average is $300.63. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.91. The stock has a market cap of $64.08 billion, a PE ratio of 62.29, a price-to-earnings-growth ratio of 2.63 and a beta of 1.49.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, August 28th. The software company reported $1.46 earnings per share for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.99). Autodesk had a net margin of 15.75% and a return on equity of 51.23%. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter last year, the company posted $2.15 EPS. The firm’s revenue was up 17.1% on a year-over-year basis. Autodesk has set its FY 2026 guidance at 9.800-9.980 EPS. Q3 2026 guidance at 2.480-2.510 EPS. As a group, research analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ADSK shares. Stifel Nicolaus increased their price objective on shares of Autodesk from $350.00 to $375.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Weiss Ratings restated a “hold (c+)” rating on shares of Autodesk in a research note on Wednesday, October 8th. UBS Group increased their price objective on shares of Autodesk from $370.00 to $385.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Citigroup increased their price objective on shares of Autodesk from $376.00 to $393.00 and gave the stock a “buy” rating in a research note on Tuesday, September 2nd. Finally, Wells Fargo & Company lifted their price target on Autodesk from $360.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $359.13.

Insider Activity at Autodesk

In other Autodesk news, EVP Ruth Ann Keene sold 2,761 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total transaction of $869,991.10. Following the completion of the sale, the executive vice president directly owned 80,255 shares in the company, valued at $25,288,350.50. This trade represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Steven M. Blum sold 22,420 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $323.75, for a total transaction of $7,258,475.00. Following the sale, the executive vice president owned 13,099 shares of the company’s stock, valued at $4,240,801.25. This trade represents a 63.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 35,386 shares of company stock valued at $11,433,201. 0.15% of the stock is currently owned by insiders.

About Autodesk

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.