Plato Investment Management Ltd Invests $1.70 Million in Autodesk, Inc. $ADSK

Plato Investment Management Ltd acquired a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) in the second quarter, HoldingsChannel reports. The firm acquired 8,804 shares of the software company’s stock, valued at approximately $1,702,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ADSK. Norges Bank purchased a new stake in shares of Autodesk during the fourth quarter valued at $867,480,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Autodesk by 44,345.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,280,515 shares of the software company’s stock valued at $675,055,000 after buying an additional 2,275,384 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Autodesk in the 2nd quarter valued at about $228,908,000. Arrowstreet Capital Limited Partnership grew its stake in Autodesk by 46.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,989,372 shares of the software company’s stock worth $884,884,000 after acquiring an additional 952,343 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Autodesk by 103.5% during the fourth quarter. Wellington Management Group LLP now owns 1,868,159 shares of the software company’s stock worth $552,994,000 after acquiring an additional 950,149 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Wells Fargo & Company lowered their price target on Autodesk from $350.00 to $330.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Zacks Research downgraded Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. DA Davidson restated a “buy” rating and set a $325.00 price target on shares of Autodesk in a research note on Friday, May 29th. Bank of America reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Autodesk in a research note on Tuesday, May 12th. Finally, BNP Paribas Exane initiated coverage on shares of Autodesk in a research report on Thursday, June 18th. They set an “outperform” rating and a $295.00 target price on the stock. Three analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $321.07.

Autodesk Trading Down 4.0%

Shares of NASDAQ ADSK opened at $241.64 on Tuesday. Autodesk, Inc. has a 1-year low of $185.50 and a 1-year high of $329.09. The business has a fifty day moving average price of $216.64 and a 200 day moving average price of $231.81. The stock has a market capitalization of $50.99 billion, a P/E ratio of 35.22, a price-to-earnings-growth ratio of 1.54 and a beta of 1.29. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.83.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.15. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The firm’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.29 earnings per share. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. Equities research analysts expect that Autodesk, Inc. will post 9.7 EPS for the current fiscal year.

Insider Buying and Selling

In other Autodesk news, Director John T. Cahill purchased 2,000 shares of Autodesk stock in a transaction dated Tuesday, June 23rd. The shares were acquired at an average cost of $189.20 per share, with a total value of $378,400.00. Following the completion of the transaction, the director owned 4,000 shares in the company, valued at approximately $756,800. This trade represents a 100.00% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Janesh Moorjani acquired 2,500 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were acquired at an average price of $197.67 per share, with a total value of $494,175.00. Following the acquisition, the executive vice president owned 50,993 shares in the company, valued at approximately $10,079,786.31. The trade was a 5.16% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought a total of 7,935 shares of company stock worth $1,666,644 in the last 90 days. 0.14% of the stock is owned by corporate insiders.

Autodesk Company Profile

Autodesk, Inc (NASDAQ: ADSK) is a software company that develops design and creation tools for the architecture, engineering and construction (AEC), manufacturing, and media and entertainment industries. Headquartered in San Rafael, California, the company was founded in 1982 and is best known for pioneering CAD (computer-aided design) software. Autodesk sells products and services to a global customer base, including architects, engineers, contractors, product designers, and content creators.

The company’s product portfolio includes industry-standard design and modeling applications such as AutoCAD, Revit, Inventor, Fusion 360, Maya and 3ds Max, as well as cloud-based collaboration and project management platforms like BIM 360 and Autodesk Construction Cloud.