Landscape Capital Management L.L.C. Buys Shares of 10,370 Autodesk, Inc. $ADSK

Landscape Capital Management L.L.C. purchased a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 10,370 shares of the software company’s stock, valued at approximately $2,016,000.

A number of other hedge funds have also modified their holdings of the stock. Quantinno Capital Management LP raised its position in Autodesk by 17.8% during the first quarter. Quantinno Capital Management LP now owns 385,572 shares of the software company’s stock valued at $92,306,000 after acquiring an additional 58,285 shares in the last quarter. SG Americas Securities LLC lifted its stake in Autodesk by 158.4% in the first quarter. SG Americas Securities LLC now owns 272,548 shares of the software company’s stock valued at $65,248,000 after acquiring an additional 167,064 shares during the last quarter. Man Group plc grew its position in Autodesk by 28.6% in the fourth quarter. Man Group plc now owns 1,229,946 shares of the software company’s stock worth $364,076,000 after acquiring an additional 273,765 shares in the last quarter. Deutsche Bank AG bought a new stake in Autodesk in the second quarter worth approximately $322,851,000. Finally, Seilern Investment Management Ltd increased its stake in shares of Autodesk by 11.0% during the 2nd quarter. Seilern Investment Management Ltd now owns 227,675 shares of the software company’s stock worth $44,265,000 after purchasing an additional 22,547 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Trading Up 1.1%

NASDAQ:ADSK opened at $253.82 on Friday. Autodesk, Inc. has a 12 month low of $185.50 and a 12 month high of $329.09. The firm has a market cap of $53.56 billion, a price-to-earnings ratio of 37.00, a P/E/G ratio of 1.55 and a beta of 1.29. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.78. The company’s 50 day moving average is $219.71 and its 200-day moving average is $231.77.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, topping analysts’ consensus estimates of $2.84 by $0.15. The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. Autodesk’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period in the previous year, the company 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 analysts anticipate that Autodesk, Inc. will post 9.7 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ADSK. Rothschild & Co Redburn cut their price target on shares of Autodesk from $375.00 to $360.00 and set a “buy” rating on the stock in a report on Monday, June 1st. Guggenheim upped their price objective on shares of Autodesk from $245.00 to $277.00 and gave the stock a “buy” rating in a report on Thursday. Bank of America reissued a “buy” rating and set a $300.00 target price on shares of Autodesk in a research report on Tuesday, May 12th. KeyCorp restated an “overweight” rating on shares of Autodesk in a report on Wednesday. Finally, Wells Fargo & Company reduced their price target on Autodesk from $350.00 to $330.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $321.65.

Insiders Place Their Bets

In other Autodesk news, Director Stacy J. Smith purchased 3,435 shares of the stock in a transaction dated Friday, May 29th. The shares were bought at an average cost of $231.17 per share, with a total value of $794,068.95. Following the completion of the transaction, the director owned 26,517 shares in the company, valued at $6,129,934.89. This trade represents a 14.88% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Janesh Moorjani acquired 2,500 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was acquired at an average price of $197.67 per share, for a total transaction of $494,175.00. Following the completion of the purchase, the executive vice president directly owned 50,993 shares of the company’s stock, valued at $10,079,786.31. This trade represents a 5.16% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 7,935 shares of company stock valued at $1,666,644 in the last quarter. Insiders own 0.14% of the company’s stock.

About Autodesk

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.