State Board of Administration of Florida Retirement System Acquires 2,510 Shares of Autodesk, Inc. $ADSK

State Board of Administration of Florida Retirement System increased its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 1.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 207,841 shares of the software company’s stock after purchasing an additional 2,510 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.10% of Autodesk worth $64,341,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in ADSK. SouthState Corp increased its holdings in shares of Autodesk by 500.0% in the first quarter. SouthState Corp now owns 96 shares of the software company’s stock worth $25,000 after buying an additional 80 shares during the period. Costello Asset Management INC bought a new position in Autodesk during the 1st quarter worth approximately $26,000. Cheviot Value Management LLC purchased a new position in Autodesk in the 1st quarter worth approximately $27,000. Flaharty Asset Management LLC purchased a new position in Autodesk in the 1st quarter worth approximately $27,000. Finally, Access Investment Management LLC bought a new stake in Autodesk in the second quarter valued at approximately $28,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Autodesk

In other news, EVP Ruth Ann Keene sold 2,761 shares of the business’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total transaction of $869,991.10. Following the sale, the executive vice president owned 80,255 shares in the company, valued at approximately $25,288,350.50. The trade was a 3.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ayanna Howard sold 917 shares of the stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $325.00, for a total transaction of $298,025.00. Following the completion of the transaction, the director owned 3,476 shares of the company’s stock, valued at approximately $1,129,700. The trade was a 20.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 26,098 shares of company stock valued at $8,426,491. 0.15% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ADSK. Morgan Stanley raised their target price on shares of Autodesk from $370.00 to $385.00 and gave the stock an “overweight” rating in a report on Sunday, August 31st. Robert W. Baird raised their price target on shares of Autodesk from $367.00 to $377.00 and gave the stock an “outperform” rating in a report on Wednesday. HSBC lowered their price objective on shares of Autodesk from $388.00 to $379.00 and set a “buy” rating for the company in a research note on Friday. Wolfe Research raised their target price on Autodesk from $370.00 to $390.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Citigroup upped their price target on Autodesk from $370.00 to $382.00 and gave the company a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $366.16.

Autodesk Stock Performance

Shares of ADSK opened at $303.30 on Friday. The company has a 50-day simple moving average of $306.20 and a two-hundred day simple moving average of $302.91. 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 firm has a market capitalization of $64.60 billion, a PE ratio of 62.79, a price-to-earnings-growth ratio of 2.63 and a beta of 1.51. Autodesk, Inc. has a one year low of $232.67 and a one year high of $329.09.

Autodesk (NASDAQ:ADSK) last posted 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 for the quarter, compared to the consensus estimate of $1.81 billion. Autodesk had a return on equity of 51.23% and a net margin of 15.75%.The business’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 EPS. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS. Q4 2026 guidance at 2.590-2.67 EPS. On average, analysts anticipate 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.