KBC Group NV Grows Stake in Autodesk, Inc. $ADSK

KBC Group NV raised its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 1.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 166,867 shares of the software company’s stock after purchasing an additional 1,631 shares during the period. KBC Group NV’s holdings in Autodesk were worth $51,656,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Autodesk by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 20,782,919 shares of the software company’s stock valued at $5,440,968,000 after buying an additional 397,458 shares in the last quarter. Ninety One UK Ltd boosted its holdings in Autodesk by 3.7% in the second quarter. Ninety One UK Ltd now owns 5,338,125 shares of the software company’s stock worth $1,652,523,000 after acquiring an additional 191,448 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Autodesk by 13.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,454,264 shares of the software company’s stock worth $904,326,000 after acquiring an additional 400,514 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of Autodesk by 44.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,318,319 shares of the software company’s stock valued at $868,736,000 after acquiring an additional 1,016,187 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of Autodesk by 17.7% during the first quarter. Deutsche Bank AG now owns 1,690,675 shares of the software company’s stock valued at $442,619,000 after acquiring an additional 254,189 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Stifel Nicolaus lifted their target price 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. Macquarie lifted their price objective on shares of Autodesk from $360.00 to $380.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. HSBC set a $343.00 price objective on shares of Autodesk and gave the company a “buy” rating in a report on Wednesday, October 1st. Berenberg Bank set a $370.00 target price on Autodesk in a research note on Monday, September 1st. Finally, Barclays lifted their price target on Autodesk from $355.00 to $385.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Autodesk presently has an average rating of “Moderate Buy” and an average target price of $359.13.

Autodesk Trading Down 0.0%

ADSK stock opened at $301.74 on Thursday. Autodesk, Inc. has a 12-month low of $232.67 and a 12-month high of $329.09. The business’s 50-day moving average is $312.81 and its 200 day moving average is $301.84. 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 $64.27 billion, a price-to-earnings ratio of 62.47, a PEG ratio of 2.63 and a beta of 1.51.

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

Insider Buying and Selling

In other Autodesk news, EVP Ruth Ann Keene sold 2,761 shares of Autodesk stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total transaction of $869,991.10. Following the transaction, the executive vice president directly owned 80,255 shares of the company’s stock, valued at $25,288,350.50. The trade was a 3.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Steven M. Blum sold 22,420 shares of Autodesk stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $323.75, for a total transaction of $7,258,475.00. Following the sale, the executive vice president directly owned 13,099 shares in the company, valued at approximately $4,240,801.25. The trade was a 63.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 35,386 shares of company stock valued at $11,433,201 over the last ninety days. 0.15% of the stock is currently owned by company 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.