Illinois Municipal Retirement Fund Buys 58,254 Shares of Autodesk, Inc. $ADSK

Illinois Municipal Retirement Fund increased its position in Autodesk, Inc. (NASDAQ:ADSK) by 196.8% in the second quarter, Holdings Channel.com reports. The fund owned 87,848 shares of the software company’s stock after acquiring an additional 58,254 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Autodesk were worth $27,195,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. SouthState Corp grew its position in shares of Autodesk by 500.0% during the 1st quarter. SouthState Corp now owns 96 shares of the software company’s stock valued at $25,000 after purchasing an additional 80 shares in the last quarter. Costello Asset Management INC purchased a new position in Autodesk during the first quarter worth about $26,000. Close Asset Management Ltd purchased a new stake in shares of Autodesk in the 1st quarter valued at about $27,000. Cheviot Value Management LLC bought a new stake in shares of Autodesk during the 1st quarter valued at about $27,000. Finally, Flaharty Asset Management LLC bought a new position in shares of Autodesk in the first quarter worth approximately $27,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Performance

Autodesk stock opened at $297.18 on Monday. Autodesk, Inc. has a 1-year low of $232.67 and a 1-year high of $329.09. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.91. The firm has a 50-day moving average of $313.79 and a 200-day moving average of $301.43. The firm has a market cap of $63.30 billion, a P/E ratio of 61.53, a P/E/G ratio of 2.63 and a beta of 1.51.

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

Analysts Set New Price Targets

Several brokerages have issued reports on ADSK. UBS Group lifted their target price on shares of Autodesk from $370.00 to $385.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Royal Bank Of Canada reissued an “outperform” rating and issued a $380.00 target price on shares of Autodesk in a research note on Monday, October 6th. Morgan Stanley lifted their price target on Autodesk from $370.00 to $385.00 and gave the stock an “overweight” rating in a research note on Sunday, August 31st. Wall Street Zen downgraded Autodesk from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 28th. Finally, Rosenblatt Securities increased their price target on shares of Autodesk from $345.00 to $355.00 and gave the company a “buy” rating in a research report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Autodesk has an average rating of “Moderate Buy” and an average target price of $359.13.

Insider Transactions at Autodesk

In other Autodesk news, EVP Ruth Ann Keene sold 2,761 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $315.10, for a total transaction of $869,991.10. Following the transaction, the executive vice president owned 80,255 shares in the company, valued at approximately $25,288,350.50. This represents a 3.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Steven M. Blum sold 22,420 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 13,099 shares of the company’s stock, valued at approximately $4,240,801.25. The trade was a 63.12% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 35,386 shares of company stock valued at $11,433,201. Insiders own 0.15% of the company’s stock.

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.