OMERS ADMINISTRATION Corp lessened its stake in Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 11.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,178 shares of the software company’s stock after selling 6,020 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Autodesk were worth $13,373,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC acquired a new stake in shares of Autodesk in the 3rd quarter valued at approximately $25,000. Torren Management LLC acquired a new stake in shares of Autodesk in the 4th quarter valued at approximately $25,000. Archer Investment Corp boosted its holdings in shares of Autodesk by 112.2% in the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after buying an additional 46 shares during the last quarter. Swiss RE Ltd. acquired a new stake in shares of Autodesk in the 4th quarter valued at approximately $32,000. Finally, iSAM Funds UK Ltd acquired a new stake in shares of Autodesk in the 3rd quarter valued at approximately $46,000. Institutional investors and hedge funds own 90.24% of the company’s stock.
Analyst Upgrades and Downgrades
ADSK has been the subject of several recent analyst reports. Loop Capital cut their price objective on Autodesk from $250.00 to $235.00 and set a “hold” rating for the company in a report on Friday, May 29th. Oppenheimer cut their price objective on Autodesk from $375.00 to $325.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. BTIG Research reissued a “buy” rating and issued a $300.00 price objective on shares of Autodesk in a report on Friday, May 29th. Wolfe Research lifted their target price on Autodesk from $330.00 to $350.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Finally, JPMorgan Chase & Co. lifted their target price on Autodesk from $319.00 to $336.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Autodesk currently has a consensus rating of “Moderate Buy” and an average target price of $327.21.
Autodesk Stock Performance
NASDAQ:ADSK opened at $198.60 on Tuesday. The stock has a market cap of $41.90 billion, a P/E ratio of 28.95, a PEG ratio of 1.22 and a beta of 1.30. The stock has a 50 day simple moving average of $234.76 and a 200 day simple moving average of $254.60. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78. Autodesk, Inc. has a 1-year low of $194.47 and a 1-year high of $329.09.
Autodesk (NASDAQ:ADSK – Get Free Report) last released its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.15. The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period last year, the firm posted $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.
Key Headlines Impacting Autodesk
Here are the key news stories impacting Autodesk this week:
- Positive Sentiment: Autodesk EVP Janesh Moorjani bought 2,500 shares at $197.67 each, a $494,175 insider purchase that signals confidence from management. Article Title
- Positive Sentiment: Autodesk secured a new credit agreement to enhance liquidity, which should improve financial flexibility and may reassure investors about the company’s balance sheet. Article Title
- Positive Sentiment: Several traders and market commentary pieces framed ADSK as oversold and potentially at support, with some arguing the stock may be near a bottom and due for a rebound. Article Title
- Neutral Sentiment: Another article noted unusual put options activity as the stock hit recent lows, which reflects elevated downside hedging but also sparked debate that the shares may be undervalued. Article Title
- Neutral Sentiment: Analyst coverage remains supportive overall, with a consensus “Moderate Buy” rating and a high price target relative to current trading levels, though some firms have trimmed their targets recently. Article Title
Insider Activity at Autodesk
In related news, EVP Janesh Moorjani acquired 2,500 shares of the company’s stock in a transaction on Monday, June 15th. The stock was purchased 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 of the company’s stock, valued at approximately $10,079,786.31. The trade was a 5.16% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stacy J. Smith acquired 3,435 shares of the company’s stock in a transaction on Friday, May 29th. The stock was bought at an average cost of $231.17 per share, with a total value of $794,068.95. Following the completion of the acquisition, the director directly owned 26,517 shares in the company, valued at approximately $6,129,934.89. This represents a 14.88% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.14% of the company’s stock.
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.
Read More
- Five stocks we like better than Autodesk
- These 5 Companies Just Made a Massive Bet on Themselves
- 5 Stocks Built to Thrive in a Higher-for-Longer Economy
- RH’s Strong Q1 Still Leaves Investors With One Big Question
- Iran Ceasefire or Not, These 3 Companies Could Win
Want to see what other hedge funds are holding ADSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autodesk, Inc. (NASDAQ:ADSK – Free Report).
Receive News & Ratings for Autodesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk and related companies with MarketBeat.com's FREE daily email newsletter.
