Invesco Ltd. has increased its stake in Autodesk, Inc. by 7.5%, according to its recent filing with the Securities and Exchange Commission (SEC). The institutional investor now holds 2,227,114 shares of the software company, following the acquisition of an additional 155,440 shares during the second quarter. As of the latest disclosure, Invesco’s investment in Autodesk is valued at approximately $689,448,000, representing about 1.04% of the company’s total stock.
Several other institutional investors have also made adjustments to their positions in Autodesk (NASDAQ: ADSK). Brighton Jones LLC expanded its holdings by 14.5% in the fourth quarter, now owning 1,162 shares worth around $343,000. Blair William & Co. IL increased its investment by 6.7% during the first quarter, bringing its total to 11,247 shares valued at $2,944,000 after purchasing an additional 705 shares.
Costello Asset Management INC made a new investment in Autodesk during the same period, valued at approximately $26,000. Empower Advisory Group LLC increased its stake by 1.0%, now owning 8,354 shares valued at $2,187,000. Lastly, iA Global Asset Management Inc. raised its position by 2.1%, now holding 23,666 shares worth about $6,196,000. Collectively, approximately 90.24% of Autodesk’s stock is owned by hedge funds and other institutional investors.
Executive Changes and Insider Transactions
In related developments, Autodesk’s Executive Vice President, Steven M. Blum, sold 22,420 shares on September 5, 2024. The shares were sold at an average price of $323.75, totaling approximately $7,258,475. Following this transaction, Blum retained 13,099 shares valued at around $4,240,801.25, marking a significant 63.12% decrease in his ownership.
Additionally, Director Ayanna Howard sold 917 shares on September 29, 2024, at an average price of $325.00, which amounted to $298,025. Post-sale, Howard’s remaining shares total 3,476, valued at about $1,129,700, indicating a 20.87% decrease in her holdings. Insiders currently own 0.15% of Autodesk’s stock.
Stock Performance and Future Outlook
As of the latest trading session, Autodesk’s stock opened at $307.24. The company maintains a 50-day moving average price of $305.20 and a 200-day moving average of $303.18. Autodesk’s financial metrics reveal a quick ratio of 0.82, a current ratio of 0.82, and a debt-to-equity ratio of 0.86. The company boasts a market capitalization of $65.13 billion and a price-to-earnings ratio of 59.54, with a beta of 1.47.
Autodesk has experienced significant fluctuations in its stock over the past year, with a fifty-two week low of $232.67 and a high of $329.09. The company recently reported quarterly earnings on November 25, 2024, announcing earnings per share of $2.67, exceeding analysts’ expectations of $2.50 by $0.17. With a net margin of 16.09% and a return on equity of 52.06%, Autodesk generated revenue of $1.85 billion for the quarter, surpassing analysts’ projections of $1.81 billion.
Looking ahead, Autodesk has offered guidance for fiscal year 2026, estimating earnings per share between $10.180 and $10.250, with fourth-quarter guidance set at $2.590 to $2.67. Analysts predict that Autodesk, Inc. will achieve earnings per share of $5.76 for the current fiscal year.
Autodesk, Inc. provides a variety of 3D design, engineering, and entertainment technology solutions globally. Its product range includes AutoCAD Civil 3D, BuildingConnected, and Fusion 360, among others, catering to industries such as architecture, engineering, manufacturing, and media. For continuous updates on Autodesk and its market activities, stakeholders are encouraged to monitor relevant financial news platforms.
