Autodesk, Inc. $ADSK Shares Bought by Kentucky Retirement Systems

Kentucky Retirement Systems lifted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 39.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,626 shares of the software company’s stock after acquiring an additional 5,250 shares during the period. Kentucky Retirement Systems’ holdings in Autodesk were worth $4,459,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. OFI Invest Asset Management lifted its holdings in Autodesk by 246.4% in the fourth quarter. OFI Invest Asset Management now owns 52,649 shares of the software company’s stock worth $15,585,000 after buying an additional 37,449 shares during the period. Quantinno Capital Management LP grew its holdings in shares of Autodesk by 17.8% during the 1st quarter. Quantinno Capital Management LP now owns 385,572 shares of the software company’s stock worth $92,306,000 after acquiring an additional 58,285 shares during the period. SG Americas Securities LLC grew its holdings in shares of Autodesk by 158.4% during the 1st quarter. SG Americas Securities LLC now owns 272,548 shares of the software company’s stock worth $65,248,000 after acquiring an additional 167,064 shares during the period. Man Group plc raised its position in shares of Autodesk by 28.6% in the 4th quarter. Man Group plc now owns 1,229,946 shares of the software company’s stock worth $364,076,000 after acquiring an additional 273,765 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of Autodesk by 46.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 532,504 shares of the software company’s stock worth $157,627,000 after acquiring an additional 169,099 shares in the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Janesh Moorjani purchased 2,500 shares of the stock in a transaction dated Monday, June 15th. The shares were purchased at an average cost of $197.67 per share, with a total value of $494,175.00. Following the acquisition, the executive vice president directly owned 50,993 shares of the company’s stock, valued at $10,079,786.31. This represents a 5.16% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John T. Cahill bought 2,000 shares of the stock in a transaction on Tuesday, June 23rd. The stock was purchased at an average cost of $189.20 per share, for a total transaction of $378,400.00. Following the acquisition, the director owned 4,000 shares of the company’s stock, valued at $756,800. This trade represents a 100.00% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have purchased 7,935 shares of company stock worth $1,666,644. 0.14% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ADSK. Barclays dropped their price target on Autodesk from $315.00 to $300.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 13th. Rosenblatt Securities reissued a “buy” rating and set a $330.00 price objective on shares of Autodesk in a research report on Monday, June 1st. Jefferies Financial Group upgraded shares of Autodesk to a “strong-buy” rating in a report on Tuesday, May 26th. BNP Paribas Exane initiated coverage on shares of Autodesk in a research report on Thursday, June 18th. They issued an “outperform” rating and a $295.00 target price on the stock. Finally, Wells Fargo & Company lowered their price target on shares of Autodesk from $350.00 to $330.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.40.

Autodesk Trading Down 4.2%

Shares of NASDAQ:ADSK opened at $234.97 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.83. Autodesk, Inc. has a 1 year low of $185.50 and a 1 year high of $329.09. The company has a market cap of $49.58 billion, a P/E ratio of 34.25, a PEG ratio of 1.51 and a beta of 1.32. The stock’s fifty day moving average price is $214.37 and its 200-day moving average price is $233.57.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, topping the consensus estimate of $2.84 by $0.15. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period last year, the company earned $2.29 EPS. Autodesk’s revenue for the quarter was up 18.4% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. Sell-side analysts expect that Autodesk, Inc. will post 9.64 earnings per share for the current year.

About Autodesk

Autodesk, Inc (NASDAQ: ADSK) is a software company that develops design and creation tools for the architecture, engineering and construction (AEC), manufacturing, and media and entertainment industries. Headquartered in San Rafael, California, the company was founded in 1982 and is best known for pioneering CAD (computer-aided design) software. Autodesk sells products and services to a global customer base, including architects, engineers, contractors, product designers, and content creators.

The company’s product portfolio includes industry-standard design and modeling applications such as AutoCAD, Revit, Inventor, Fusion 360, Maya and 3ds Max, as well as cloud-based collaboration and project management platforms like BIM 360 and Autodesk Construction Cloud.