Rokos Capital Management LLP purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK – Free Report) in the first quarter, HoldingsChannel reports. The institutional investor purchased 14,678 shares of the software company’s stock, valued at approximately $3,513,000.
Several other institutional investors also recently modified their holdings of the company. Empowered Funds LLC increased its position in Autodesk by 127.1% during the first quarter. Empowered Funds LLC now owns 38,132 shares of the software company’s stock worth $9,129,000 after buying an additional 21,341 shares during the last quarter. Evelyn Partners Investment Management Services Ltd lifted its position in shares of Autodesk by 87.8% in the first quarter. Evelyn Partners Investment Management Services Ltd now owns 708 shares of the software company’s stock valued at $169,000 after buying an additional 331 shares during the last quarter. Quantinno Capital Management LP boosted its stake in shares of Autodesk by 17.8% during the 1st quarter. Quantinno Capital Management LP now owns 385,572 shares of the software company’s stock worth $92,306,000 after acquiring an additional 58,285 shares during the period. SummitTX Capital L.P. boosted its stake in shares of Autodesk by 26.8% during the 1st quarter. SummitTX Capital L.P. now owns 4,529 shares of the software company’s stock worth $1,084,000 after acquiring an additional 958 shares during the period. Finally, Lazard Asset Management LLC increased its holdings in shares of Autodesk by 11.4% during the 1st quarter. Lazard Asset Management LLC now owns 1,248,808 shares of the software company’s stock worth $298,965,000 after acquiring an additional 128,159 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the company. Piper Sandler cut their price target on Autodesk from $383.00 to $369.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Weiss Ratings downgraded shares of Autodesk from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 10th. Robert W. Baird cut their target price on shares of Autodesk from $355.00 to $312.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. DA Davidson reaffirmed a “buy” rating and set a $325.00 target price on shares of Autodesk in a report on Friday, May 29th. Finally, Rothschild & Co Redburn decreased their price target on shares of Autodesk from $375.00 to $360.00 and set a “buy” rating on the stock in a research note on Monday, June 1st. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $323.40.
Insiders Place Their Bets
In other Autodesk news, Director John T. Cahill bought 2,000 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were bought at an average cost of $189.20 per share, with a total value of $378,400.00. Following the completion of the acquisition, the director owned 4,000 shares of the company’s stock, valued at $756,800. This trade represents a 100.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Stacy J. Smith purchased 3,435 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was acquired at an average price of $231.17 per share, with a total value of $794,068.95. Following the completion of the transaction, the director owned 26,517 shares of the company’s stock, valued at $6,129,934.89. This represents a 14.88% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 7,935 shares of company stock worth $1,666,644 in the last quarter. Corporate insiders own 0.14% of the company’s stock.
Autodesk Stock Up 7.7%
ADSK stock opened at $225.91 on Tuesday. Autodesk, Inc. has a fifty-two week low of $185.50 and a fifty-two week high of $329.09. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market capitalization of $47.67 billion, a price-to-earnings ratio of 32.93, a PEG ratio of 1.29 and a beta of 1.32. The business’s fifty day moving average price is $214.58 and its two-hundred day moving average price is $234.47.
Autodesk (NASDAQ:ADSK – Get Free Report) last announced its earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.15. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the previous year, the business posted $2.29 earnings per share. Autodesk’s quarterly revenue was up 18.4% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. On average, equities analysts anticipate that Autodesk, Inc. will post 9.64 earnings per share for the current year.
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.
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