Illinois Municipal Retirement Fund Sells 5,705 Shares of Autodesk, Inc. $ADSK

Illinois Municipal Retirement Fund reduced its position in Autodesk, Inc. (NASDAQ:ADSK) by 6.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 83,894 shares of the software company’s stock after selling 5,705 shares during the period. Illinois Municipal Retirement Fund’s holdings in Autodesk were worth $17,534,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ADSK. Quantinno Capital Management LP raised its holdings in Autodesk by 17.8% during the 1st quarter. Quantinno Capital Management LP now owns 385,572 shares of the software company’s stock worth $92,306,000 after purchasing an additional 58,285 shares during the last quarter. Deutsche Bank AG bought a new position in shares of Autodesk in the 2nd quarter valued at about $322,851,000. Green Alpha Advisors LLC bought a new position in shares of Autodesk in the 2nd quarter valued at about $561,000. Seilern Investment Management Ltd boosted its stake in shares of Autodesk by 11.0% in the 2nd quarter. Seilern Investment Management Ltd now owns 227,675 shares of the software company’s stock valued at $44,265,000 after purchasing an additional 22,547 shares during the last quarter. Finally, State Street Corp grew its position in shares of Autodesk by 2.9% during the 2nd quarter. State Street Corp now owns 10,268,172 shares of the software company’s stock worth $1,996,338,000 after buying an additional 284,621 shares during the period. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Down 0.0%

Shares of NASDAQ ADSK opened at $260.01 on Thursday. The stock has a market cap of $54.34 billion, a P/E ratio of 33.64, a P/E/G ratio of 1.72 and a beta of 1.27. The firm has a 50 day moving average price of $233.31 and a 200 day moving average price of $234.06. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.86 and a current ratio of 0.86. Autodesk, Inc. has a 52-week low of $185.50 and a 52-week high of $320.00.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, August 27th. The software company reported $3.30 EPS for the quarter, beating the consensus estimate of $3.12 by $0.18. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. The business’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.62 earnings per share. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. Analysts expect that Autodesk, Inc. will post 9.70 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ADSK shares. Rosenblatt Securities reissued a “buy” rating and set a $330.00 price target on shares of Autodesk in a research note on Monday, August 31st. Wall Street Zen cut shares of Autodesk from a “buy” rating to a “hold” rating in a research note on Monday, November 2nd. Robert W. Baird lifted their target price on shares of Autodesk from $312.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, August 21st. BNP Paribas Exane upped their target price on shares of Autodesk from $295.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, August 28th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $305.00 target price on shares of Autodesk in a research report on Thursday, September 17th. Twenty-six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $317.62.

About Autodesk

Autodesk, Inc. develops software and cloud-based services for designing, building, making, and creating digital media. Its tools support professionals and organizations across architecture, engineering, construction, manufacturing, and entertainment. The company’s products include AutoCAD for computer-aided design, Revit for building information modeling, Fusion for product design and manufacturing, and Maya and 3ds Max for 3D animation and visual effects. Autodesk also offers cloud services that help customers collaborate and manage design and construction projects.