Man Group plc Purchases New Shares in Autodesk, Inc. $ADSK

Man Group plc acquired a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,111,657 shares of the software company’s stock, valued at approximately $216,128,000. Man Group plc owned approximately 0.53% of Autodesk as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in ADSK. CENTRAL TRUST Co increased its holdings in Autodesk by 6.2% in the 4th quarter. CENTRAL TRUST Co now owns 759 shares of the software company’s stock worth $225,000 after acquiring an additional 44 shares in the last quarter. Smithfield Trust Co raised its position in shares of Autodesk by 5.3% in the fourth quarter. Smithfield Trust Co now owns 893 shares of the software company’s stock valued at $266,000 after buying an additional 45 shares during the last quarter. Calydon Capital boosted its position in Autodesk by 1.7% during the fourth quarter. Calydon Capital now owns 2,726 shares of the software company’s stock worth $807,000 after acquiring an additional 45 shares during the last quarter. Archer Investment Corp grew its stake in Autodesk by 112.2% during the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after acquiring an additional 46 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its holdings in Autodesk by 5.3% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,029 shares of the software company’s stock valued at $327,000 after acquiring an additional 52 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ADSK. Citigroup upped their price target on Autodesk from $252.00 to $269.00 and gave the company a “neutral” rating in a research report on Thursday, August 20th. Guggenheim boosted their price objective on Autodesk from $245.00 to $277.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Loop Capital dropped their target price on Autodesk from $250.00 to $235.00 and set a “hold” rating for the company in a report on Friday, May 29th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $330.00 target price on shares of Autodesk in a research note on Monday, June 1st. Finally, BMO Capital Markets reduced their price target on Autodesk from $279.00 to $262.00 and set a “market perform” rating on the stock in a report on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Autodesk has an average rating of “Moderate Buy” and a consensus target price of $321.65.

Insider Activity

In other Autodesk news, Director Stacy J. Smith purchased 3,435 shares of the stock in a transaction dated Friday, May 29th. The stock was acquired at an average cost of $231.17 per share, for a total transaction of $794,068.95. Following the acquisition, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John T. Cahill acquired 2,000 shares of the business’s stock in a transaction that occurred on 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 directly owned 4,000 shares in the company, valued at approximately $756,800. The trade was a 100.00% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 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.

Autodesk Stock Down 1.3%

Shares of NASDAQ ADSK opened at $251.21 on Wednesday. The company has a market capitalization of $53.01 billion, a P/E ratio of 36.62, a P/E/G ratio of 1.56 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. The company has a 50 day simple moving average of $221.83 and a 200-day simple moving average of $231.76. Autodesk, Inc. has a 1 year low of $185.50 and a 1 year high of $329.09.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data 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 firm had revenue of $1.93 billion for 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 quarterly revenue was up 18.4% on a year-over-year basis. During the same period in the prior year, the firm posted $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. On average, equities research analysts predict that Autodesk, Inc. will post 9.7 earnings per share for the current year.

Autodesk 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.