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

Illinois Municipal Retirement Fund raised its stake in Autodesk, Inc. (NASDAQ:ADSK) by 196.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 87,848 shares of the software company’s stock after buying an additional 58,254 shares during the period. Illinois Municipal Retirement Fund’s holdings in Autodesk were worth $27,195,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. SouthState Corp increased its position in 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 during the period. Costello Asset Management INC bought a new stake in shares of Autodesk in the 1st quarter valued at $26,000. Close Asset Management Ltd acquired a new stake in shares of Autodesk during the first quarter worth $27,000. Cheviot Value Management LLC acquired a new stake in shares of Autodesk during the first quarter worth $27,000. Finally, Flaharty Asset Management LLC bought a new position in Autodesk during the first quarter worth $27,000. 90.24% of the stock is currently owned by institutional investors.

Autodesk Stock Performance

Shares of Autodesk stock opened at $297.18 on Monday. Autodesk, Inc. has a 52 week low of $232.67 and a 52 week high of $329.09. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.91. The business has a 50 day moving average price of $313.79 and a 200-day moving average price of $301.43. The company has a market cap of $63.30 billion, a PE ratio of 61.53, a price-to-earnings-growth ratio of 2.63 and a beta of 1.51.

Autodesk (NASDAQ:ADSK) last released its quarterly 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 company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Autodesk had a net margin of 15.75% and a return on equity of 51.23%. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.15 earnings per share. Autodesk has set its FY 2026 guidance at 9.800-9.980 EPS. Q3 2026 guidance at 2.480-2.510 EPS. Equities analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Ayanna Howard sold 3,159 shares of Autodesk stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $325.00, for a total value of $1,026,675.00. Following the completion of the sale, the director owned 4,393 shares of the company’s stock, valued at approximately $1,427,725. This trade represents a 41.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Rebecca Pearce sold 6,129 shares of the business’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $323.06, for a total transaction of $1,980,034.74. Following the completion of the sale, the executive vice president directly owned 13,311 shares in the company, valued at approximately $4,300,251.66. This trade represents a 31.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 35,386 shares of company stock worth $11,433,201 over the last 90 days. Company insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Hsbc Global Res raised Autodesk from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Mizuho raised their price objective on shares of Autodesk from $350.00 to $375.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Rosenblatt Securities boosted their target price 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. DA Davidson restated a “buy” rating and issued a $375.00 price target on shares of Autodesk in a report on Friday, August 29th. Finally, Morgan Stanley increased their price objective on shares of Autodesk from $370.00 to $385.00 and gave the stock an “overweight” rating in a research report on Sunday, August 31st. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $359.13.

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.