Illinois Municipal Retirement Fund grew its stake in shares of Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 20.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 99,403 shares of the software company’s stock after buying an additional 17,090 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Autodesk were worth $29,424,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Torren Management LLC bought a new stake in Autodesk during the fourth quarter worth about $25,000. Measured Wealth Private Client Group LLC bought a new stake in Autodesk during the third quarter worth about $25,000. Archer Investment Corp lifted its stake in Autodesk by 112.2% during the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after purchasing an additional 46 shares during the last quarter. High Point Wealth Management LLC bought a new stake in Autodesk during the fourth quarter worth about $44,000. Finally, iSAM Funds UK Ltd bought a new stake in Autodesk during the third quarter worth about $46,000. Institutional investors own 90.24% of the company’s stock.
Insider Activity
In related news, Director Stacy J. Smith purchased 3,435 shares of Autodesk stock in a transaction that occurred on Friday, May 29th. The shares were bought at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the completion of the transaction, the director directly owned 26,517 shares of the company’s stock, valued at $6,129,934.89. This represents a 14.88% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.14% of the stock is owned by corporate insiders.
Autodesk Price Performance
Autodesk (NASDAQ:ADSK – Get Free Report) last issued its earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.15. The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The firm’s revenue was up 18.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.29 EPS. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. Research analysts anticipate that Autodesk, Inc. will post 9.64 earnings per share for the current year.
Analyst Ratings Changes
Several equities research analysts have issued reports on ADSK shares. Morgan Stanley dropped their price target on Autodesk from $350.00 to $315.00 and set an “overweight” rating for the company in a research note on Tuesday, May 26th. BTIG Research reaffirmed a “buy” rating and set a $300.00 price target on shares of Autodesk in a research note on Friday, May 29th. Barclays decreased their target price on shares of Autodesk from $315.00 to $300.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 13th. Stifel Nicolaus decreased their target price on shares of Autodesk from $375.00 to $285.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. Finally, Citigroup lifted their target price on shares of Autodesk from $246.00 to $252.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $327.21.
Check Out Our Latest Analysis on Autodesk
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.
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