Stance Capital LLC Buys New Position in Autodesk, Inc. $ADSK

Stance Capital LLC purchased a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,958 shares of the software company’s stock, valued at approximately $2,154,000. Autodesk makes up about 0.8% of Stance Capital LLC’s holdings, making the stock its 26th biggest position.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Autodesk by 0.9% in the second quarter. Vanguard Group Inc. now owns 20,963,515 shares of the software company’s stock valued at $6,489,675,000 after buying an additional 180,596 shares during the period. State Street Corp raised its holdings in Autodesk by 1.8% during the 2nd quarter. State Street Corp now owns 10,086,995 shares of the software company’s stock worth $3,122,631,000 after buying an additional 174,247 shares during the period. Loomis Sayles & Co. L P lifted its stake in Autodesk by 1.5% during the second quarter. Loomis Sayles & Co. L P now owns 5,831,447 shares of the software company’s stock valued at $1,805,241,000 after buying an additional 88,066 shares in 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 period. Finally, Ninety One UK Ltd increased its position in shares of Autodesk by 3.7% in the second quarter. Ninety One UK Ltd now owns 5,338,125 shares of the software company’s stock worth $1,652,523,000 after acquiring an additional 191,448 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on ADSK shares. Berenberg Bank set a $370.00 price objective on shares of Autodesk in a research report on Monday, September 1st. Stifel Nicolaus lifted their target price on Autodesk from $350.00 to $375.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Macquarie increased their price target on shares of Autodesk from $380.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. The Goldman Sachs Group raised their price target on shares of Autodesk from $320.00 to $330.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $380.00 price objective on shares of Autodesk in a research note on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $369.77.

Insider Activity at Autodesk

In other news, Director Ayanna Howard sold 917 shares of Autodesk stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $325.00, for a total value of $298,025.00. Following the transaction, the director owned 3,476 shares of the company’s stock, valued at $1,129,700. This trade represents a 20.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.15% of the stock is currently owned by corporate insiders.

Autodesk Trading Down 1.1%

Autodesk stock opened at $297.64 on Friday. Autodesk, Inc. has a one year low of $232.67 and a one year high of $329.09. The company’s fifty day moving average price is $302.70 and its two-hundred day moving average price is $303.48. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market capitalization of $63.10 billion, a price-to-earnings ratio of 57.68, a PEG ratio of 2.42 and a beta of 1.47.

Autodesk (NASDAQ:ADSK) last announced its quarterly 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 company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Autodesk had a return on equity of 52.06% and a net margin of 16.09%.The business’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.17 earnings per share. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS and its Q4 2026 guidance at 2.590-2.67 EPS. On average, analysts forecast that Autodesk, Inc. will post 5.76 earnings per share 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.