Autodesk, Inc. $ADSK Stake Reduced by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 5.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 177,055 shares of the software company’s stock after selling 9,242 shares during the quarter. Teacher Retirement System of Texas owned about 0.08% of Autodesk worth $54,811,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Autodesk by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 20,782,919 shares of the software company’s stock worth $5,440,968,000 after acquiring an additional 397,458 shares during the period. Ninety One UK Ltd boosted its position in Autodesk by 3.7% during the 2nd quarter. Ninety One UK Ltd now owns 5,338,125 shares of the software company’s stock worth $1,652,523,000 after acquiring an additional 191,448 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Autodesk by 13.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,454,264 shares of the software company’s stock worth $904,326,000 after acquiring an additional 400,514 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in Autodesk by 44.1% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,318,319 shares of the software company’s stock worth $868,736,000 after acquiring an additional 1,016,187 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in Autodesk by 4.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,000,268 shares of the software company’s stock worth $785,470,000 after acquiring an additional 124,948 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Buying and Selling

In other news, Director Ayanna Howard sold 917 shares of the company’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $325.00, for a total transaction of $298,025.00. Following the completion of the sale, the director directly owned 3,476 shares of the company’s stock, valued at $1,129,700. This represents a 20.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Steven M. Blum sold 22,420 shares of the company’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $323.75, for a total value of $7,258,475.00. Following the sale, the executive vice president directly owned 13,099 shares of the company’s stock, valued at approximately $4,240,801.25. This represents a 63.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 35,386 shares of company stock valued at $11,433,201. 0.15% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ADSK shares. Citigroup boosted their price target on Autodesk from $376.00 to $393.00 and gave the stock a “buy” rating in a research report on Tuesday, September 2nd. Macquarie boosted their price target on Autodesk from $360.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Loop Capital assumed coverage on Autodesk in a research report on Monday, July 21st. They set a “hold” rating and a $320.00 price target for the company. Hsbc Global Res raised Autodesk from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $380.00 target price on shares of Autodesk in a research note on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Autodesk currently has a consensus rating of “Moderate Buy” and a consensus price target of $359.13.

Autodesk Trading Up 1.0%

Shares of ADSK stock opened at $312.88 on Monday. The stock has a 50-day simple moving average of $311.38 and a 200 day simple moving average of $298.22. Autodesk, Inc. has a fifty-two week low of $232.67 and a fifty-two week high of $329.09. The stock has a market capitalization of $66.64 billion, a P/E ratio of 64.78, a P/E/G ratio of 2.77 and a beta of 1.49. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.91.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, August 28th. The software company reported $1.46 earnings per share for the quarter, missing the consensus estimate of $2.45 by ($0.99). Autodesk had a net margin of 15.75% and a return on equity of 51.23%. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the prior year, the business earned $2.15 EPS. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. Autodesk has set its FY 2026 guidance at 9.800-9.980 EPS. Q3 2026 guidance at 2.480-2.510 EPS. On average, sell-side analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Autodesk Company Profile

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.