MIG Capital LLC Buys 5,952 Shares of Autodesk, Inc. $ADSK

MIG Capital LLC lifted its position in Autodesk, Inc. (NASDAQ:ADSK) by 259.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 8,244 shares of the software company’s stock after purchasing an additional 5,952 shares during the period. MIG Capital LLC’s holdings in Autodesk were worth $2,552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Nuveen LLC purchased a new position in Autodesk in the first quarter worth about $278,383,000. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Autodesk by 44.1% in the first quarter. T. Rowe Price Investment Management Inc. now owns 3,318,319 shares of the software company’s stock worth $868,736,000 after buying an additional 1,016,187 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Autodesk by 15.1% in the second quarter. Geode Capital Management LLC now owns 5,606,264 shares of the software company’s stock worth $1,730,415,000 after buying an additional 734,449 shares during the last quarter. AQR Capital Management LLC grew its position in Autodesk by 336.7% during the first quarter. AQR Capital Management LLC now owns 572,701 shares of the software company’s stock valued at $147,339,000 after buying an additional 441,571 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Autodesk by 13.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,454,264 shares of the software company’s stock valued at $904,326,000 after buying an additional 400,514 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ADSK shares. Stifel Nicolaus boosted their price objective on shares of Autodesk from $350.00 to $375.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Mizuho boosted their price target on Autodesk from $350.00 to $375.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Macquarie upped their price target on Autodesk from $360.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Oppenheimer boosted their price objective on Autodesk from $350.00 to $375.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Finally, Barclays reissued an “overweight” rating and issued a $390.00 target price on shares of Autodesk in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and an average target price of $359.21.

Insider Transactions at Autodesk

In other Autodesk news, EVP Rebecca Pearce sold 6,129 shares of the business’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $323.06, for a total transaction of $1,980,034.74. Following the sale, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Steven M. Blum sold 22,420 shares of Autodesk stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $323.75, for a total value of $7,258,475.00. Following the completion of the transaction, the executive vice president owned 13,099 shares of the company’s stock, valued at approximately $4,240,801.25. This trade represents a 63.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 35,386 shares of company stock valued at $11,433,201 over the last three months. Corporate insiders own 0.15% of the company’s stock.

Autodesk Trading Up 1.6%

ADSK stock opened at $294.43 on Wednesday. Autodesk, Inc. has a 1-year low of $232.67 and a 1-year high of $329.09. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market capitalization of $62.71 billion, a price-to-earnings ratio of 60.96, a PEG ratio of 2.63 and a beta of 1.51. The business has a 50 day simple moving average of $307.38 and a two-hundred day simple moving average of $302.86.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Tuesday, November 25th. The software company reported $2.67 earnings per share for the quarter, topping analysts’ consensus estimates of $2.50 by $0.17. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.81 billion. Autodesk had a net margin of 15.75% and a return on equity of 51.23%. Autodesk’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.17 earnings per share. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS. Q4 2026 guidance at 2.590-2.67 EPS. Research analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

About Autodesk

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.