Autodesk, Inc. $ADSK Stake Raised by Moore Capital Management LP

Moore Capital Management LP increased its stake in Autodesk, Inc. (NASDAQ:ADSK) by 252.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,500 shares of the software company’s stock after acquiring an additional 14,684 shares during the period. Moore Capital Management LP’s holdings in Autodesk were worth $3,986,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Measured Wealth Private Client Group LLC acquired a new stake in Autodesk during the 3rd quarter valued at $25,000. Kemnay Advisory Services Inc. acquired a new position in Autodesk during the 4th quarter valued at $25,000. Prosperity Bancshares Inc bought a new stake in shares of Autodesk in the 4th quarter worth approximately $27,000. Ascentis Independent Advisors acquired a new stake in shares of Autodesk during the 1st quarter valued at about $28,000. Finally, Johnson Financial Group Inc. acquired a new position in Autodesk during the second quarter worth $30,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of ADSK opened at $258.53 on Tuesday. The stock has a 50 day simple moving average of $227.35 and a 200 day simple moving average of $232.32. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.83 and a current ratio of 0.86. Autodesk, Inc. has a 52-week low of $185.50 and a 52-week high of $329.09. The firm has a market capitalization of $54.55 billion, a PE ratio of 33.45, a P/E/G ratio of 1.60 and a beta of 1.29.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.12 by $0.18. The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Autodesk had a return on equity of 58.63% and a net margin of 21.08%.The company’s revenue was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.62 EPS. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. Sell-side analysts predict that Autodesk, Inc. will post 9.7 EPS for the current fiscal year.

Key Stories Impacting Autodesk

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Rosenblatt Securities reaffirmed its Buy rating and set a $330 price target, implying substantial upside. Rosenblatt Reiterates Buy Rating on Autodesk
• Positive Sentiment: Barclays maintained its Buy rating, supporting the view that Autodesk’s growth prospects remain attractive. Barclays Sticks to Its Buy Rating for Autodesk
• Positive Sentiment: BNP Paribas Exane raised its price target to $300, while BMO Capital Markets also forecast strong appreciation, reflecting continued analyst confidence. BNP Paribas Exane Raises Autodesk Price Target
• Positive Sentiment: Autodesk recently exceeded quarterly EPS and revenue expectations, with revenue increasing 16.1% year over year. Earnings-call commentary also highlighted growth momentum. Autodesk Earnings Call Highlights Growth Momentum
• Neutral Sentiment: Citigroup raised its price target from $269 to $276 but retained a Neutral rating, suggesting limited conviction despite a higher valuation estimate. Benzinga Autodesk Analyst Update
• Negative Sentiment: Autodesk faces mounting shareholder lawsuits and potential uninsured liabilities following a cash-flow probe, creating legal, financial and reputational uncertainty. Autodesk Faces Shareholder Lawsuits and Potential Uninsured Liabilities
• Negative Sentiment: Piper Sandler lowered its expectations for Autodesk’s stock price, adding a more cautious view to the otherwise favorable analyst consensus. Piper Sandler Lowers Autodesk Expectations

Insider Activity at Autodesk

In other Autodesk news, Director John T. Cahill bought 2,000 shares of the firm’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 acquisition, the director owned 4,000 shares of the company’s stock, valued at $756,800. The trade was a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Janesh Moorjani purchased 2,500 shares of the business’s stock in a transaction on Monday, June 15th. The shares were acquired at an average cost of $197.67 per share, with a total value of $494,175.00. Following the acquisition, the executive vice president directly owned 50,993 shares in the company, valued at approximately $10,079,786.31. The trade was a 5.16% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.14% of the stock is owned by insiders.

Analysts Set New Price Targets

ADSK has been the topic of several recent analyst reports. Rothschild & Co Redburn reduced their target price on Autodesk from $375.00 to $360.00 and set a “buy” rating on the stock in a report on Monday, June 1st. Morgan Stanley decreased their price target on Autodesk from $350.00 to $315.00 and set an “overweight” rating on the stock in a report on Tuesday, May 26th. Piper Sandler dropped their price objective on Autodesk from $369.00 to $338.00 and set an “overweight” rating for the company in a report on Friday. New Street Research set a $277.00 target price on shares of Autodesk in a research note on Thursday, August 20th. Finally, BNP Paribas Exane increased their price objective on shares of Autodesk from $295.00 to $300.00 and gave the company an “outperform” rating in a report on Friday. Two investment 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 stock. Based on data from MarketBeat, Autodesk has an average rating of “Moderate Buy” and an average target price of $319.62.

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.