Royal London Asset Management Ltd. Sells 36,328 Shares of Autodesk, Inc. $ADSK

Royal London Asset Management Ltd. cut its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 6.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 531,978 shares of the software company’s stock after selling 36,328 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Autodesk were worth $157,471,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Measured Wealth Private Client Group LLC bought a new position in Autodesk in the third quarter valued at about $25,000. Torren Management LLC bought a new stake in shares of Autodesk during the 4th quarter valued at about $25,000. Archer Investment Corp grew its stake in shares of Autodesk by 112.2% during the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after purchasing an additional 46 shares during the period. Swiss RE Ltd. purchased a new stake in shares of Autodesk during the 4th quarter valued at about $32,000. Finally, High Point Wealth Management LLC purchased a new stake in shares of Autodesk during the 4th quarter valued at about $44,000. 90.24% of the stock is owned by institutional investors.

Autodesk Price Performance

NASDAQ ADSK opened at $198.43 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78. Autodesk, Inc. has a 12 month low of $194.47 and a 12 month high of $329.09. The stock has a market cap of $41.87 billion, a price-to-earnings ratio of 28.93, a PEG ratio of 1.27 and a beta of 1.29. The company’s 50 day moving average is $235.55 and its two-hundred day moving average is $255.52.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, topping analysts’ consensus estimates of $2.84 by $0.15. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period in the prior year, the business posted $2.29 earnings per share. The company’s 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, research analysts anticipate that Autodesk, Inc. will post 9.64 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ADSK. Oppenheimer dropped their price objective on shares of Autodesk from $375.00 to $325.00 and set an “outperform” rating on the stock in a report on Tuesday, February 24th. UBS Group reaffirmed a “buy” rating on shares of Autodesk in a report on Friday, May 29th. Rosenblatt Securities reiterated a “buy” rating and issued a $330.00 price target on shares of Autodesk in a research report on Monday, June 1st. Rothschild & Co Redburn dropped their price target on shares of Autodesk from $375.00 to $360.00 and set a “buy” rating on the stock in a research note on Monday, June 1st. Finally, Jefferies Financial Group raised shares of Autodesk to a “strong-buy” rating in a research report on Tuesday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Autodesk currently has an average rating of “Moderate Buy” and an average price target of $327.21.

Insider Buying and Selling

In other Autodesk news, Director Stacy J. Smith purchased 3,435 shares of the company’s stock in a transaction on Friday, May 29th. The stock was acquired at an average cost of $231.17 per share, for a total transaction of $794,068.95. Following the purchase, the director directly owned 26,517 shares of the company’s stock, valued at $6,129,934.89. This trade represents a 14.88% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.14% of the company’s stock.

About Autodesk

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.