CIBC Asset Management Inc Cuts Position in Autodesk, Inc. $ADSK

CIBC Asset Management Inc trimmed its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 4.6% during the second quarter, Holdings Channel reports. The firm owned 66,296 shares of the software company’s stock after selling 3,194 shares during the quarter. CIBC Asset Management Inc’s holdings in Autodesk were worth $20,523,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ADSK. OMNI 360 Wealth Inc. acquired a new stake in Autodesk during the 2nd quarter worth $359,000. E. Ohman J or Asset Management AB grew its holdings in shares of Autodesk by 1.8% during the second quarter. E. Ohman J or Asset Management AB now owns 127,126 shares of the software company’s stock worth $39,354,000 after purchasing an additional 2,276 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Autodesk by 5.6% during the second quarter. Nordea Investment Management AB now owns 21,254 shares of the software company’s stock worth $6,509,000 after purchasing an additional 1,124 shares in the last quarter. GK Wealth Management LLC purchased a new stake in shares of Autodesk in the 2nd quarter valued at about $348,000. Finally, Welch & Forbes LLC acquired a new stake in shares of Autodesk in the 2nd quarter valued at about $348,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Stock Performance

Shares of ADSK stock opened at $300.92 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.86. The stock has a 50 day simple moving average of $303.13 and a 200-day simple moving average of $303.44. The company has a market cap of $63.80 billion, a price-to-earnings ratio of 58.32, a price-to-earnings-growth ratio of 2.44 and a beta of 1.47. Autodesk, Inc. has a 12-month low of $232.67 and a 12-month high of $329.09.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Tuesday, November 25th. The software company reported $2.67 earnings per share for the quarter, topping analysts’ consensus estimates of $2.50 by $0.17. Autodesk had a return on equity of 52.06% and a net margin of 16.09%.The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the company posted $2.17 earnings per share. Autodesk’s quarterly revenue 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 analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ADSK shares. Stifel Nicolaus lifted their price target on Autodesk from $350.00 to $375.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. BMO Capital Markets lifted their target price on shares of Autodesk from $333.00 to $343.00 and gave the company a “market perform” rating in a report on Wednesday, November 26th. Robert W. Baird upped their price target on shares of Autodesk from $367.00 to $377.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Mizuho increased their price target on shares of Autodesk from $350.00 to $375.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Finally, HSBC dropped their price objective on shares of Autodesk from $388.00 to $379.00 and set a “buy” rating on the stock in a research note on Friday, November 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $369.77.

Insider Buying and Selling at Autodesk

In other Autodesk news, Director Ayanna Howard sold 917 shares of the company’s stock in a transaction 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 sale, the director owned 3,476 shares of the company’s stock, valued at approximately $1,129,700. This 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 accessible through the SEC website. 0.15% of the stock is currently owned by corporate 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.