Lazard Asset Management LLC Acquires 220,804 Shares of Autodesk, Inc. $ADSK

Lazard Asset Management LLC boosted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 36.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 830,938 shares of the software company’s stock after acquiring an additional 220,804 shares during the quarter. Lazard Asset Management LLC’s holdings in Autodesk were worth $257,231,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Beacon Financial Group boosted its stake in shares of Autodesk by 3.0% during the second quarter. Beacon Financial Group now owns 1,130 shares of the software company’s stock valued at $350,000 after purchasing an additional 33 shares during the period. Freedom Investment Management Inc. lifted its holdings in Autodesk by 2.4% during the 1st quarter. Freedom Investment Management Inc. now owns 1,473 shares of the software company’s stock valued at $386,000 after buying an additional 34 shares in the last quarter. Bridgewater Advisors Inc. boosted its position in Autodesk by 2.2% in the 2nd quarter. Bridgewater Advisors Inc. now owns 1,567 shares of the software company’s stock valued at $474,000 after buying an additional 34 shares during the period. Clarity Wealth Advisors LLC grew its stake in Autodesk by 2.3% in the 2nd quarter. Clarity Wealth Advisors LLC now owns 1,535 shares of the software company’s stock worth $475,000 after acquiring an additional 35 shares in the last quarter. Finally, Wedbush Securities Inc. increased its position in shares of Autodesk by 2.6% during the second quarter. Wedbush Securities Inc. now owns 1,484 shares of the software company’s stock worth $459,000 after acquiring an additional 37 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Hsbc Global Res upgraded Autodesk from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. DA Davidson reaffirmed a “buy” rating and set a $375.00 target price on shares of Autodesk in a research report on Friday, August 29th. Morgan Stanley increased their price target on Autodesk from $370.00 to $385.00 and gave the stock an “overweight” rating in a research report on Sunday, August 31st. Bank of America raised their price target on Autodesk from $360.00 to $365.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Finally, Berenberg Bank set a $370.00 price objective on shares of Autodesk in a research note on Monday, September 1st. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $369.77.

Autodesk Trading Down 1.1%

Shares of NASDAQ ADSK opened at $297.64 on Friday. Autodesk, Inc. has a 1-year low of $232.67 and a 1-year high of $329.09. The business has a fifty day moving average price of $302.70 and a 200 day moving average price of $303.46. The stock has a market capitalization of $63.10 billion, a P/E ratio of 57.68, a price-to-earnings-growth ratio of 2.44 and a beta of 1.47. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.82 and a quick ratio of 0.82.

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

Insider Buying and Selling

In other Autodesk news, Director Ayanna Howard sold 917 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $325.00, for a total value of $298,025.00. Following the completion of the sale, the director directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.15% of the stock is owned by 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.