Louisiana State Employees Retirement System Takes $5.91 Million Position in Autodesk, Inc. $ADSK

Louisiana State Employees Retirement System acquired a new position in Autodesk, Inc. (NASDAQ:ADSK) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 24,700 shares of the software company’s stock, valued at approximately $5,913,000.

Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Autodesk by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 21,493,167 shares of the software company’s stock valued at $6,362,192,000 after acquiring an additional 78,928 shares in the last quarter. State Street Corp grew its stake in shares of Autodesk by 0.7% in the fourth quarter. State Street Corp now owns 10,157,826 shares of the software company’s stock worth $3,006,818,000 after purchasing an additional 70,053 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Autodesk by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 5,682,041 shares of the software company’s stock worth $1,677,404,000 after purchasing an additional 123,691 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Autodesk by 46.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,989,372 shares of the software company’s stock valued at $884,884,000 after purchasing an additional 952,343 shares during the period. Finally, Norges Bank bought a new stake in shares of Autodesk during the fourth quarter valued at about $867,480,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Price Performance

NASDAQ ADSK opened at $196.26 on Friday. Autodesk, Inc. has a 1 year low of $185.50 and a 1 year high of $329.09. The stock’s 50-day moving average price is $227.71 and its two-hundred day moving average price is $247.90. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78. The company has a market cap of $41.41 billion, a PE ratio of 28.61, a PEG ratio of 1.17 and a beta of 1.29.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.15. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter last year, the business posted $2.29 EPS. The company’s revenue was up 18.4% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. On average, analysts predict that Autodesk, Inc. will post 9.64 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ADSK shares. Zacks Research lowered shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. BMO Capital Markets dropped their price target on shares of Autodesk from $279.00 to $262.00 and set a “market perform” rating on the stock in a research report on Friday, May 29th. Loop Capital reduced their price target on shares of Autodesk from $250.00 to $235.00 and set a “hold” rating for the company in a research note on Friday, May 29th. Rosenblatt Securities reiterated a “buy” rating and issued a $330.00 price objective on shares of Autodesk in a report on Monday, June 1st. Finally, DA Davidson reiterated a “buy” rating and set a $325.00 price objective on shares of Autodesk in a research note on Friday, May 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and an average price target of $326.10.

Insider Activity

In other Autodesk news, Director Stacy J. Smith bought 3,435 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was acquired at an average price of $231.17 per share, with a total value of $794,068.95. Following the completion of the transaction, the director directly owned 26,517 shares in the company, valued at approximately $6,129,934.89. This represents a 14.88% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John T. Cahill purchased 2,000 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were acquired at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the acquisition, the director directly owned 4,000 shares of the company’s stock, valued at $756,800. This represents a 100.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 7,935 shares of company stock worth $1,666,644 over the last quarter. Corporate insiders own 0.14% of the company’s stock.

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.