Stevens Capital Management LP Grows Stock Holdings in Autodesk, Inc. $ADSK

Stevens Capital Management LP boosted its stake in Autodesk, Inc. (NASDAQ:ADSK) by 21.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,956 shares of the software company’s stock after purchasing an additional 693 shares during the period. Stevens Capital Management LP’s holdings in Autodesk were worth $1,225,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Rhumbline Advisers grew its stake in shares of Autodesk by 1.8% in the 2nd quarter. Rhumbline Advisers now owns 422,192 shares of the software company’s stock valued at $130,698,000 after purchasing an additional 7,412 shares during the last quarter. AlphaCore Capital LLC lifted its holdings in shares of Autodesk by 14.9% during the second quarter. AlphaCore Capital LLC now owns 1,538 shares of the software company’s stock worth $476,000 after purchasing an additional 200 shares during the period. Mufg Securities Americas Inc. grew its position in Autodesk by 24.6% in the 2nd quarter. Mufg Securities Americas Inc. now owns 4,741 shares of the software company’s stock valued at $1,468,000 after buying an additional 935 shares during the last quarter. Evelyn Partners Investment Management LLP increased its stake in Autodesk by 78.1% in the 2nd quarter. Evelyn Partners Investment Management LLP now owns 1,350 shares of the software company’s stock valued at $418,000 after buying an additional 592 shares during the period. Finally, Journey Strategic Wealth LLC raised its position in Autodesk by 11.9% during the 2nd quarter. Journey Strategic Wealth LLC now owns 969 shares of the software company’s stock worth $300,000 after buying an additional 103 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Hsbc Global Res raised shares of Autodesk from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. DA Davidson reaffirmed a “buy” rating and issued a $375.00 price objective on shares of Autodesk in a report on Friday, August 29th. Oppenheimer boosted their target price on Autodesk from $350.00 to $375.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. UBS Group raised their price target on Autodesk from $370.00 to $385.00 and gave the company a “buy” rating in a report on Friday, August 29th. Finally, Berenberg Bank set a $370.00 price objective on Autodesk in a research report on Monday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $358.30.

Insider Buying and Selling

In other news, EVP Rebecca Pearce sold 6,129 shares of the business’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $323.06, for a total value of $1,980,034.74. Following the completion of the transaction, the executive vice president directly owned 13,311 shares of the company’s stock, valued at $4,300,251.66. The trade was a 31.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Ayanna Howard sold 3,159 shares of the stock in a transaction on Friday, August 29th. The shares were sold at an average price of $325.00, for a total value of $1,026,675.00. Following the sale, the director directly owned 4,393 shares in the company, valued at approximately $1,427,725. The trade was a 41.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 35,386 shares of company stock worth $11,433,201. 0.15% of the stock is currently owned by corporate insiders.

Autodesk Stock Performance

Shares of ADSK opened at $290.80 on Friday. 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 stock has a market cap of $61.94 billion, a P/E ratio of 60.21, a PEG ratio of 2.63 and a beta of 1.51. The company has a 50-day moving average of $308.49 and a two-hundred day moving average of $302.51. Autodesk, Inc. has a 12-month low of $232.67 and a 12-month high of $329.09.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, August 28th. The software company reported $1.46 earnings per share for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.99). Autodesk had a return on equity of 51.23% and a net margin of 15.75%.The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period last year, the business earned $2.15 earnings per share. The company’s revenue for the quarter was up 17.1% on a year-over-year basis. Autodesk has set its FY 2026 guidance at 9.800-9.980 EPS. Q3 2026 guidance at 2.480-2.510 EPS. As a group, research analysts predict that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Autodesk 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.