Neuberger Berman Group LLC Boosts Position in Autodesk, Inc. $ADSK

Neuberger Berman Group LLC lifted its position in Autodesk, Inc. (NASDAQ:ADSK) by 7.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 117,974 shares of the software company’s stock after buying an additional 7,969 shares during the quarter. Neuberger Berman Group LLC owned approximately 0.06% of Autodesk worth $36,521,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Virtus Investment Advisers LLC increased its holdings in Autodesk by 12.0% during the 2nd quarter. Virtus Investment Advisers LLC now owns 5,134 shares of the software company’s stock worth $1,589,000 after acquiring an additional 551 shares during the period. Silvant Capital Management LLC boosted its holdings in Autodesk by 0.7% in the 2nd quarter. Silvant Capital Management LLC now owns 107,387 shares of the software company’s stock valued at $33,244,000 after purchasing an additional 713 shares during the period. Norges Bank purchased a new position in shares of Autodesk during the 2nd quarter valued at $777,202,000. Quadrature Capital Ltd bought a new position in shares of Autodesk in the second quarter worth $12,517,000. Finally, Level Four Advisory Services LLC purchased a new stake in shares of Autodesk in the second quarter worth $220,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Stock Up 2.4%

Shares of NASDAQ ADSK opened at $301.38 on Friday. The stock has a market capitalization of $64.19 billion, a P/E ratio of 62.40, a PEG ratio of 2.63 and a beta of 1.51. Autodesk, Inc. has a one year low of $232.67 and a one year high of $329.09. The firm’s 50 day simple moving average is $306.59 and its two-hundred day simple moving average is $302.84. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.76.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Tuesday, November 25th. The software company reported $2.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.50 by $0.17. Autodesk had a net margin of 15.75% and a return on equity of 51.23%. The company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the prior year, the company earned $2.17 EPS. The firm’s revenue was up 18.0% on a year-over-year basis. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS. Q4 2026 guidance at 2.590-2.67 EPS. As a group, analysts expect that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Insider Buying and Selling at Autodesk

In other news, EVP Ruth Ann Keene sold 2,761 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The stock was 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 approximately $25,288,350.50. This trade represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Steven M. Blum sold 22,420 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $323.75, for a total value 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 represents a 63.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 26,098 shares of company stock worth $8,426,491 over the last three months. Company insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Mizuho upped their target price on Autodesk from $350.00 to $375.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. BMO Capital Markets upped their price objective on shares of Autodesk from $333.00 to $343.00 and gave the stock a “market perform” rating in a research report on Wednesday. UBS Group reiterated a “buy” rating and set a $400.00 target price on shares of Autodesk in a research report on Wednesday. Deutsche Bank Aktiengesellschaft raised shares of Autodesk from a “hold” rating to a “buy” rating and increased their price target for the stock from $345.00 to $375.00 in a report on Wednesday. Finally, Wolfe Research lifted their price objective on shares of Autodesk from $370.00 to $390.00 and gave the stock an “outperform” rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $364.24.

Autodesk Profile

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.