Los Angeles Capital Management LLC Grows Stake in Autodesk, Inc. $ADSK

Los Angeles Capital Management LLC grew its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 83.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 101,679 shares of the software company’s stock after buying an additional 46,233 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Autodesk were worth $30,582,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vestcor Inc lifted its holdings in Autodesk by 51.1% in the 4th quarter. Vestcor Inc now owns 21,351 shares of the software company’s stock worth $6,320,000 after buying an additional 7,224 shares during the period. MCF Advisors LLC lifted its holdings in Autodesk by 151.5% in the 4th quarter. MCF Advisors LLC now owns 166 shares of the software company’s stock worth $49,000 after buying an additional 100 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Autodesk by 5.0% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 137,241 shares of the software company’s stock worth $40,625,000 after buying an additional 6,572 shares during the period. Pinebridge Investments LLC purchased a new stake in Autodesk in the 4th quarter worth approximately $32,079,000. Finally, PBU The Pension Fund of Early Childhood & Youth Educators purchased a new stake in Autodesk in the 4th quarter worth approximately $10,197,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk News Summary

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Autodesk signed a strategic collaboration agreement with AWS to bring cloud-based products into AWS Marketplace and improve cloud solutions for customers, which could widen distribution and strengthen enterprise adoption. Autodesk signs strategic collaboration agreement with Amazon Web Services
• Positive Sentiment: Autodesk lowered the minimum buy-in for Autodesk Flex to 33 tokens for $99 from 100 tokens for $300, making it easier and cheaper for small businesses to start using its products and potentially expanding its user base. Autodesk for Small Business update: Making it more affordable to get started with Autodesk Flex

Wall Street Analyst Weigh In

Several research firms have weighed in on ADSK. Rosenblatt Securities reiterated a “buy” rating and issued a $330.00 price objective on shares of Autodesk in a report on Monday, June 1st. Barclays lowered their target price on Autodesk from $315.00 to $300.00 and set an “overweight” rating for the company in a research note on Wednesday, May 13th. KeyCorp lowered their target price on Autodesk from $365.00 to $341.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. BMO Capital Markets lowered their target price on Autodesk from $279.00 to $262.00 and set a “market perform” rating for the company in a research note on Friday, May 29th. Finally, Royal Bank Of Canada lowered their target price on Autodesk from $335.00 to $305.00 and set an “outperform” rating for the company in a research note on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Autodesk presently has an average rating of “Moderate Buy” and an average target price of $327.21.

Insider Transactions at Autodesk

In related news, Director Stacy J. Smith acquired 3,435 shares of the stock in a transaction on Friday, May 29th. The stock was acquired at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the completion of the purchase, the director owned 26,517 shares of the company’s stock, valued at $6,129,934.89. This represents a 14.88% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.14% of the company’s stock.

Autodesk Stock Performance

ADSK opened at $229.96 on Monday. The stock has a market cap of $48.52 billion, a PE ratio of 33.52, a PEG ratio of 1.43 and a beta of 1.30. 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 business has a 50 day moving average of $237.72 and a 200-day moving average of $257.93. Autodesk, Inc. has a 52 week low of $214.10 and a 52 week high of $329.09.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.15. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.29 EPS. 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 predict that Autodesk, Inc. will post 9.55 earnings per share for the current fiscal year.

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.