National Pension Service Acquires 33,448 Shares of Autodesk, Inc. $ADSK

National Pension Service raised its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 4.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 849,876 shares of the software company’s stock after acquiring an additional 33,448 shares during the quarter. National Pension Service’s holdings in Autodesk were worth $165,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of ADSK. WINTON GROUP Ltd grew its holdings in Autodesk by 438.6% during the second quarter. WINTON GROUP Ltd now owns 35,659 shares of the software company’s stock valued at $6,933,000 after purchasing an additional 29,038 shares during the period. GFG Capital LLC increased its position in Autodesk by 12.8% in the second quarter. GFG Capital LLC now owns 10,619 shares of the software company’s stock worth $2,065,000 after buying an additional 1,204 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Autodesk by 24.8% in the second quarter. IFP Advisors Inc now owns 2,380 shares of the software company’s stock worth $463,000 after buying an additional 473 shares during the period. Arizona State Retirement System raised its stake in shares of Autodesk by 0.8% in the second quarter. Arizona State Retirement System now owns 58,548 shares of the software company’s stock worth $11,383,000 after buying an additional 463 shares during the period. Finally, Waverly Advisors LLC lifted its position in shares of Autodesk by 22.0% during the 2nd quarter. Waverly Advisors LLC now owns 2,509 shares of the software company’s stock valued at $488,000 after buying an additional 452 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Janesh Moorjani purchased 2,500 shares of Autodesk stock in a transaction on Monday, June 15th. The shares were bought at an average cost of $197.67 per share, for a total transaction of $494,175.00. Following the acquisition, the executive vice president owned 50,993 shares in the company, valued at approximately $10,079,786.31. The trade was a 5.16% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John T. Cahill purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The stock was bought at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the purchase, the director owned 4,000 shares in the company, valued at approximately $756,800. This represents a 100.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.14% of the stock is currently owned by corporate insiders.

Autodesk Stock Up 2.4%

Shares of ADSK opened at $211.61 on Friday. The business’s 50 day moving average is $231.93 and its 200 day moving average is $232.06. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.59. Autodesk, Inc. has a 12-month low of $185.50 and a 12-month high of $326.71. The company has a market capitalization of $44.23 billion, a PE ratio of 27.38, a price-to-earnings-growth ratio of 1.35 and a beta of 1.31.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.12 by $0.18. Autodesk had a return on equity of 58.63% and a net margin of 21.08%.The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the prior year, the company posted $2.62 EPS. The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. Research analysts expect that Autodesk, Inc. will post 9.72 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on ADSK. Royal Bank Of Canada reduced their target price on shares of Autodesk from $335.00 to $305.00 and set an “outperform” rating for the company in a report on Friday, May 29th. Wall Street Zen raised shares of Autodesk from a “hold” rating to a “buy” rating in a report on Sunday, September 6th. Rothschild & Co Redburn dropped their price target on shares of Autodesk from $375.00 to $360.00 and set a “buy” rating for the company in a research report on Monday, June 1st. BMO Capital Markets increased their price objective on shares of Autodesk from $262.00 to $283.00 and gave the stock a “market perform” rating in a research note on Friday, August 28th. Finally, New Street Research set a $277.00 price objective on shares of Autodesk in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $321.19.

Autodesk Company Profile

Autodesk, Inc develops software and cloud-based services for people and organizations that design, make and manage products, buildings, infrastructure and digital media. Its tools are used across architecture, engineering, construction, manufacturing, product design, media and entertainment, and related industries.

The company is best known for AutoCAD, its computer-aided design platform. Its broader portfolio includes Revit for building information modeling, Civil 3D for civil engineering, Inventor and Fusion for product design and manufacturing, Maya and 3ds Max for animation and visual effects, and construction-focused products such as Autodesk Construction Cloud.