Autodesk, Inc.

NASDAQ Global Select
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Slightly Bullish +15

Amundi Sells 409,593 Shares of Autodesk, Inc. $ADSK - American Market News

📉 Amundi sold 409,593 shares of Autodesk, reducing its holding by 16.3% to a remaining value of $504.8 million.

📈 Rokos Capital Management acquired a new stake worth approximately $3.5 million in the first quarter.

📈 Empowered Funds LLC increased its Autodesk position by 127.1%, now owning shares valued at $9.1 million.

📈 Quantinno Capital Management LP boosted its holdings by 17.8% to a total value of $92.3 million.

📉 BMO Capital Markets lowered its price target from $279.00 to $262.00 with a 'market perform' rating.

📉 Wells Fargo & Company cut its price target from $350.00 to $330.00 while maintaining an 'overweight' rating.

📈 UBS Group reaffirmed its 'buy' rating on Autodesk shares.

📈 BNP Paribas Exane initiated coverage with an 'outperform' rating and a $295.00 price objective.

💰 Director John T. Cahill purchased 2,000 shares at an average cost of $189.20, doubling his personal stake.

💰 Director Stacy J. Smith acquired 3,435 shares for a total value of $794,068.95, increasing her position by 14.88%.

📊 Autodesk trades at a P/E ratio of 35.75 with a market cap of $51.75 billion and a beta of 1.32.

📉 The stock currently has a consensus rating of 'Moderate Buy' with an average analyst target price of $323.40.

Bullish Signals
  • Multiple institutional investors, including Empowered Funds LLC (+127.1%), Quantinno Capital Management LP (+17.8%), and Rokos Capital Management (new stake), increased their holdings in the first quarter.
  • Insiders have been net buyers over the last 90 days, purchasing a total of 7,935 shares worth $1.67 million, indicating management confidence.
  • Director John T. Cahill doubled his personal stock ownership by purchasing 2,000 shares at an average price of $189.20.
  • The company maintains a 'Moderate Buy' consensus rating from analysts with an average price target of $323.40, which is significantly higher than the current trading price.
  • BNP Paribas Exane initiated coverage with an 'outperform' rating and a specific price objective of $295.00.
Risk Factors
  • Amundi, a significant institutional holder, reduced its stake by 16.3% in the first quarter.
  • BMO Capital Markets lowered its price target from $279.00 to $262.00 and downgraded the rating to 'market perform'.
  • Wells Fargo & Company cut its price target from $350.00 to $330.00.
  • Loop Capital reduced its price objective from $250.00 to $235.00 and assigned a 'hold' rating.
  • The stock is trading below its 200-day simple moving average of $233.86, suggesting potential short-term weakness relative to long-term trends.
Full Analysis
Amundi reduced its stake in Autodesk, Inc. (NASDAQ: ADSK) by 16.3% in the first quarter, selling 409,593 shares and holding a remaining position valued at approximately $504.8 million. While Amundi trimmed its holdings, several other institutional investors increased their positions during the same period. Rokos Capital Management acquired a new stake worth about $3.5 million, Empowered Funds boosted its stake by 127.1%, and Quantinno Capital increased its holdings by 17.8%. These shifts indicate mixed but active institutional interest in the software giant. Autodesk stock opened at $245.25, trading above its 50-day simple moving average of $214.47 but below its 200-day average of $233.86. The company maintains a market capitalization of $51.75 billion with a P/E ratio of 35.75 and a debt-to-equity ratio of 0.78. Analyst consensus remains moderately bullish, with an average price target of $323.40, though recent rating adjustments from major firms like BMO Capital Markets and Wells Fargo have lowered their individual targets. Insider trading activity shows mixed signals regarding management confidence. Director John T. Cahill doubled his personal stake by purchasing 2,000 shares at an average cost of $189.20, while Director Stacy J. Smith increased her position by nearly 15% in a transaction valued at roughly $794,000. Collectively, insiders have purchased 7,935 shares worth approximately $1.67 million over the last 90 days, representing 0.14% of the company's total stock.