Autodesk, Inc.

NASDAQ Global Select
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Somewhat Bullish +35

ABN AMRO Bank N.V. Has $19.56 Million Holdings in Autodesk, Inc. $ADSK

📉 ABN AMRO Bank N.V. cut its Autodesk stake by 4.5% in Q1, reducing holdings to 80,837 shares worth $19.56 million.

📈 OFI Invest Asset Management surged its position by 246.4% in Q4, acquiring an additional 37,449 shares.

🏦 Man Group plc increased its Autodesk holdings by 28.6% to own 1,229,946 shares valued at $364 million.

💰 Autodesk reported Q1 revenue of $1.93 billion, up 18.4% year-over-year against analyst estimates.

📊 The company beat earnings expectations with $2.99 EPS compared to a consensus of $2.84.

🎯 Management raised FY 2027 guidance to an EPS range of $12.40-$12.65.

👔 Director Stacy J. Smith bought 3,435 shares for $794,069 in a transaction on May 29th.

📉 Deutsche Bank lowered its price target to $330 while maintaining a 'buy' rating.

📈 UBS Group reaffirmed a 'buy' rating on Autodesk stock recently.

🏢 Institutional ownership of the software company stands at 90.24%.

Bullish Signals
  • Autodesk reported revenue of $1.93 billion, exceeding analyst estimates of $1.89 billion by a significant margin.
  • The company achieved an EPS beat of $0.15, reporting $2.99 per share versus the consensus of $2.84.
  • Net margins remained robust at 19.49% with a return on equity of 57.14%.
  • Management provided explicit growth guidance for FY 2027 EPS between $12.40 and $12.65.
  • Insider buying was substantial in the last quarter, with directors purchasing over $1.6 million worth of stock.
  • Major institutional investors like Man Group plc and SG Americas Securities LLC significantly increased their positions.
Risk Factors
  • Deutsche Bank Aktiengesellschaft lowered its price target from $375.00 to $330.00 despite maintaining a buy rating.
  • Royal Bank Of Canada reduced its price objective from $335.00 to $305.00 with an outperform rating.
  • BMO Capital Markets cut its target price to $262.00 and downgraded the rating to 'market perform'.
  • ABN AMRO Bank N.V. reduced its investment in Autodesk by 4.5% during the first quarter.
Full Analysis
ABN AMRO Bank N.V. reduced its stake in Autodesk, Inc. (NASDAQ: ADSK) by 4.5% in the first quarter, selling 3,835 shares to hold a remaining position of 80,837 shares valued at approximately $19.56 million. This move contrasts with significant accumulation from other institutional investors during the same period, including OFI Invest Asset Management which increased its holdings by 246.4% and Man Group plc which lifted its stake by 28.6%, bringing total institutional ownership to 90.24%. Autodesk recently reported strong financial results for the quarter ended May 28th, with revenue of $1.93 billion representing an 18.4% year-over-year increase. The company posted earnings per share of $2.99, beating analyst consensus estimates of $2.84, and achieved a net margin of 19.49%. Management provided forward guidance for fiscal year 2027 EPS between $12.40 and $12.65, while the current fiscal year average analyst target stands at $9.64. Analyst sentiment remains mixed but generally positive, with a consensus rating of 'Moderate Buy' and an average price target of $326.10. While Deutsche Bank and Royal Bank of Canada lowered their price targets to $330 and $305 respectively, major firms like UBS Group reaffirmed buy ratings. Insider activity was bullish in the last quarter, with directors Stacy J. Smith and John T. Cahill purchasing shares totaling over $1.6 million.