Fideuram Intesa Sanpaolo Private Banking S.P.A. Has $57.80 Million Holdings in Autodesk, Inc. $ADSK

Fideuram Intesa Sanpaolo Private Banking S.P.A. grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 67.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 241,449 shares of the software company’s stock after purchasing an additional 97,068 shares during the quarter. Autodesk makes up approximately 2.0% of Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings, making the stock its 5th biggest position. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Autodesk were worth $57,803,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Piscataqua Savings Bank boosted its stake in shares of Autodesk by 33.3% during the 4th quarter. Piscataqua Savings Bank now owns 160 shares of the software company’s stock worth $47,000 after acquiring an additional 40 shares during the last quarter. Moss Adams Wealth Advisors LLC lifted its position in Autodesk by 1.0% during the fourth quarter. Moss Adams Wealth Advisors LLC now owns 4,267 shares of the software company’s stock valued at $1,263,000 after purchasing an additional 41 shares in the last quarter. Trust Point Inc. grew its holdings in Autodesk by 3.3% during the fourth quarter. Trust Point Inc. now owns 1,322 shares of the software company’s stock valued at $391,000 after purchasing an additional 42 shares during the period. FourThought Financial Partners LLC grew its holdings in Autodesk by 5.0% during the third quarter. FourThought Financial Partners LLC now owns 899 shares of the software company’s stock valued at $286,000 after purchasing an additional 43 shares during the period. Finally, CENTRAL TRUST Co increased its position in Autodesk by 6.2% in the fourth quarter. CENTRAL TRUST Co now owns 759 shares of the software company’s stock worth $225,000 after buying an additional 44 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Citigroup raised their price objective on Autodesk from $246.00 to $252.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th. Loop Capital decreased their target price on shares of Autodesk from $250.00 to $235.00 and set a “hold” rating on the stock in a research note on Friday, May 29th. BMO Capital Markets lowered their price target on shares of Autodesk from $279.00 to $262.00 and set a “market perform” rating on the stock in a report on Friday, May 29th. BTIG Research reiterated a “buy” rating and issued a $300.00 price target on shares of Autodesk in a research report on Friday, May 29th. Finally, Robert W. Baird reduced their price objective on shares of Autodesk from $355.00 to $312.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $326.10.

Autodesk Stock Performance

NASDAQ ADSK opened at $207.48 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.78. Autodesk, Inc. has a twelve month low of $185.50 and a twelve month high of $329.09. The business has a 50-day moving average price of $224.13 and a 200-day moving average price of $244.68. The firm has a market cap of $43.78 billion, a price-to-earnings ratio of 30.24, a price-to-earnings-growth ratio of 1.23 and a beta of 1.32.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.15. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter last year, the company earned $2.29 EPS. The firm’s quarterly revenue was up 18.4% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. As a group, equities research analysts predict that Autodesk, Inc. will post 9.64 EPS for the current fiscal year.

Insider Transactions at Autodesk

In related news, Director John T. Cahill bought 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was bought at an average cost of $189.20 per share, with a total value of $378,400.00. Following the completion of the purchase, the director owned 4,000 shares of the company’s stock, valued at approximately $756,800. The trade was a 100.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stacy J. Smith purchased 3,435 shares of Autodesk stock in a transaction on Friday, May 29th. The stock was bought at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the completion of the acquisition, the director owned 26,517 shares in the company, valued at $6,129,934.89. The trade was a 14.88% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have purchased 7,935 shares of company stock valued at $1,666,644. 0.14% of the stock is currently owned by corporate insiders.

Autodesk Profile

Autodesk, Inc (NASDAQ: ADSK) is a software company that develops design and creation tools for the architecture, engineering and construction (AEC), manufacturing, and media and entertainment industries. Headquartered in San Rafael, California, the company was founded in 1982 and is best known for pioneering CAD (computer-aided design) software. Autodesk sells products and services to a global customer base, including architects, engineers, contractors, product designers, and content creators.

The company’s product portfolio includes industry-standard design and modeling applications such as AutoCAD, Revit, Inventor, Fusion 360, Maya and 3ds Max, as well as cloud-based collaboration and project management platforms like BIM 360 and Autodesk Construction Cloud.