Natixis Sells 1,920 Shares of Autodesk, Inc. $ADSK

Natixis cut its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 6.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,937 shares of the software company’s stock after selling 1,920 shares during the period. Natixis’ holdings in Autodesk were worth $8,029,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ADSK. Access Investment Management LLC bought a new stake in shares of Autodesk during the 2nd quarter valued at about $28,000. SouthState Corp lifted its stake in Autodesk by 500.0% in the first quarter. SouthState Corp now owns 96 shares of the software company’s stock valued at $25,000 after buying an additional 80 shares during the period. Livelsberger Financial Advisory acquired a new position in Autodesk in the second quarter valued at approximately $31,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Autodesk by 67.8% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 99 shares of the software company’s stock worth $31,000 after buying an additional 40 shares in the last quarter. Finally, Hilltop National Bank acquired a new stake in shares of Autodesk during the 2nd quarter worth approximately $31,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Autodesk

In other news, Director Ayanna Howard sold 917 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $325.00, for a total value of $298,025.00. Following the transaction, the director owned 3,476 shares in the company, valued at $1,129,700. This trade represents a 20.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.15% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ADSK. UBS Group reiterated a “buy” rating and issued a $400.00 price objective on shares of Autodesk in a research note on Wednesday, November 26th. Robert W. Baird lifted their price target on shares of Autodesk from $367.00 to $377.00 and gave the company an “outperform” rating in a research note on Wednesday, November 26th. Wells Fargo & Company upped their price objective on shares of Autodesk from $375.00 to $380.00 and gave the company an “overweight” rating in a report on Wednesday, November 26th. The Goldman Sachs Group increased their price objective on shares of Autodesk from $320.00 to $330.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Autodesk in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $366.16.

Autodesk Stock Down 0.2%

Autodesk stock opened at $300.75 on Wednesday. The firm has a market capitalization of $63.76 billion, a price-to-earnings ratio of 58.28, a price-to-earnings-growth ratio of 2.45 and a beta of 1.47. The firm’s fifty day moving average price is $303.84 and its two-hundred day moving average price is $303.48. Autodesk, Inc. has a 1-year low of $232.67 and a 1-year high of $329.09. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.86.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Tuesday, November 25th. The software company reported $2.67 EPS for the quarter, topping the consensus estimate of $2.50 by $0.17. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the firm posted $2.17 earnings per share. The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS and its Q4 2026 guidance at 2.590-2.67 EPS. On average, equities research analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

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.