Autodesk, Inc.

NASDAQ Global Select
Back to all articles
Slightly Bullish +15

Freemont Management S.A. Sells 4,200 Shares of Autodesk, Inc. $ADSK

📉 Freemont Management S.A. sold 4,200 shares of Autodesk, reducing its stake by 9.4% to hold 40,400 shares worth $9.67 million.

📈 OFI Invest Asset Management increased its Autodesk holdings by 246.4%, now owning 52,649 shares valued at $15.585 million.

📈 SG Americas Securities LLC raised its position by 158.4% in the first quarter, acquiring an additional 167,064 shares.

📈 Man Group plc increased its stake by 28.6%, bringing total ownership to 1,229,946 shares valued at $364 million.

📈 Robeco Institutional Asset Management B.V. raised its stake by 46.5% in the fourth quarter.

📈 Sumitomo Mitsui Trust Group Inc. slightly increased its position by 0.5% to own 946,476 shares.

🏦 Royal Bank of Canada lowered its price target from $335 to $305 while maintaining an 'outperform' rating.

🏦 BTIG Research reaffirmed a 'buy' rating with a $300 price target for Autodesk stock.

🏦 BMO Capital Markets reduced its price target from $279 to $262 and set a 'market perform' rating.

🏦 KeyCorp lowered its objective from $365 to $341 but kept an 'overweight' rating on the stock.

🏦 Citigroup raised its price target from $246 to $252 with a 'neutral' rating assigned.

👔 Director John T. Cahill purchased 2,000 shares at an average cost of $189.20 per share.

👔 EVP Janesh Moorjani acquired 2,500 shares at an average price of $197.67 per share.

💰 Insiders collectively acquired 7,935 shares valued at $1.66 million over the last three months.

📊 Autodesk maintains a market capitalization of $46.07 billion with a PEG ratio of 1.34.

📉 The stock has a 12-month low of $185.50 and a high of $329.09, currently trading near the 50-day moving average.

🏗️ Autodesk develops industry-standard CAD software including AutoCAD, Revit, Inventor, and Fusion 360.

☁️ The company offers cloud-based collaboration platforms such as BIM 360 and Autodesk Construction Cloud.

🌍 Autodesk serves a global customer base in architecture, engineering, construction, manufacturing, and media sectors.

📉 Institutional ownership of Autodesk stands at 90.24% according to recent SEC filings.

Bullish Signals
  • Multiple major institutional investors including Man Group plc, Robeco, and Sumitomo Mitsui Trust increased their stakes in Autodesk during the fourth quarter or first quarter.
  • Insiders, including Director John T. Cahill and EVP Janesh Moorjani, actively purchased shares totaling 4,500 shares recently, signaling confidence in the company's future.
  • Autodesk maintains a strong market position with industry-standard products like AutoCAD and Revit serving global customers in high-value sectors like AEC and manufacturing.
  • The stock has a PEG ratio of 1.34, suggesting growth potential relative to its earnings multiple.
Risk Factors
  • Freemont Management S.A., an institutional holder, reduced its stake by 9.4% in the first quarter, indicating some investors are trimming exposure.
  • Analyst price targets show divergence and downward pressure from Royal Bank of Canada ($305), BMO Capital Markets ($262), and KeyCorp ($341).
  • The stock is trading below its 200-day moving average of $238.34, suggesting short-term weakness relative to longer-term trends.
  • Autodesk's current ratio and quick ratio are both 0.83, indicating liquidity levels below 1.0 which could be a concern during market stress.
Full Analysis
Freemont Management S.A. reduced its stake in Autodesk, Inc. (NASDAQ: ADSK) by 9.4% during the first quarter, selling 4,200 shares to hold a remaining position of 40,400 shares valued at approximately $9.67 million. This holding represents 1.5% of Freemont's portfolio and ranks as its 22nd largest asset. The disclosure highlights that institutional ownership of the software company remains high at 90.24%. Conversely, several other major institutional investors significantly increased their positions in Autodesk during the fourth quarter and first quarter. OFI Invest Asset Management raised its stake by 246.4%, while SG Americas Securities LLC increased its position by 158.4%. Notable increases were also recorded by Man Group plc (28.6%), Robeco Institutional Asset Management B.V. (46.5%), and Sumitomo Mitsui Trust Group Inc., indicating strong continued institutional interest despite the reduction by Freemont. Analyst sentiment regarding Autodesk is mixed, with price targets ranging from $262 to $365 across major banks like Royal Bank of Canada, BTIG Research, and Citigroup. The consensus average price target stands at $326.10 with a 'Moderate Buy' rating. Recent insider activity shows Director John T. Cahill and EVP Janesh Moorjani purchasing shares, adding to the 7,935 shares acquired by insiders in the last three months. Autodesk continues to operate as a leading provider of design and creation tools for architecture, engineering, construction, manufacturing, and media industries. Headquartered in San Rafael, California, the company is best known for its industry-standard CAD software including AutoCAD, Revit, and Fusion 360, alongside cloud-based platforms like BIM 360. The stock currently trades with a market capitalization of $46.07 billion and a PEG ratio of 1.34.