Neuberger Berman Group LLC Raises Holdings in Autodesk, Inc. $ADSK

by · The Cerbat Gem

Neuberger Berman Group LLC increased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 7.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 117,974 shares of the software company’s stock after purchasing an additional 7,969 shares during the period. Neuberger Berman Group LLC owned 0.06% of Autodesk worth $36,521,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Flaharty Asset Management LLC purchased a new stake in shares of Autodesk in the first quarter valued at $27,000. Access Investment Management LLC acquired a new position in Autodesk in the 2nd quarter valued at about $28,000. Livelsberger Financial Advisory purchased a new position in Autodesk in the 2nd quarter valued at about $31,000. Hilltop National Bank purchased a new stake in shares of Autodesk during the second quarter worth about $31,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Autodesk by 67.8% during the second 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. Institutional investors and hedge funds own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 28th. Wells Fargo & Company raised their target price on shares of Autodesk from $375.00 to $380.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. Morgan Stanley upped their price target on shares of Autodesk from $370.00 to $385.00 and gave the stock an “overweight” rating in a research report on Sunday, August 31st. Arete Research boosted their price objective on shares of Autodesk from $430.00 to $460.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Stifel Nicolaus upped their price objective on Autodesk from $350.00 to $375.00 and gave the stock a “buy” rating in a report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $369.77.

Get Our Latest Research Report on ADSK

Autodesk Trading Down 1.1%

Shares of ADSK opened at $297.64 on Friday. Autodesk, Inc. has a 12 month low of $232.67 and a 12 month high of $329.09. The stock’s 50-day moving average is $302.70 and its two-hundred day moving average is $303.48. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market cap of $63.10 billion, a PE ratio of 57.68, a P/E/G ratio of 2.42 and a beta of 1.47.

Autodesk (NASDAQ:ADSK – Get Free Report) last released its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the prior year, the business earned $2.17 EPS. Autodesk’s quarterly revenue was up 18.0% compared to the same quarter last year. 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 analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

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 shares were sold at an average price of $325.00, for a total transaction of $298,025.00. Following the completion of the sale, the director owned 3,476 shares of the company’s stock, valued at approximately $1,129,700. This trade represents a 20.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.15% of the company’s stock.

About Autodesk

(Free Report)

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.

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