Local Pensions Partnership Investment Ltd Decreases Holdings in Autodesk, Inc. $ADSK

Local Pensions Partnership Investment Ltd trimmed its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 9.8% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 680,379 shares of the software company’s stock after selling 74,121 shares during the quarter. Autodesk accounts for about 2.8% of Local Pensions Partnership Investment Ltd’s holdings, making the stock its 16th biggest holding. Local Pensions Partnership Investment Ltd’s holdings in Autodesk were worth $132,221,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Moss Adams Wealth Advisors LLC grew its holdings in shares of Autodesk by 1.0% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 4,267 shares of the software company’s stock valued at $1,263,000 after purchasing an additional 41 shares during the last quarter. CENTRAL TRUST Co lifted its stake in Autodesk by 6.2% in the fourth quarter. CENTRAL TRUST Co now owns 759 shares of the software company’s stock worth $225,000 after purchasing an additional 44 shares during the last quarter. Smithfield Trust Co boosted its position in Autodesk by 5.3% during the fourth quarter. Smithfield Trust Co now owns 893 shares of the software company’s stock valued at $266,000 after buying an additional 45 shares during the period. Calydon Capital boosted its position in Autodesk by 1.7% during the fourth quarter. Calydon Capital now owns 2,726 shares of the software company’s stock valued at $807,000 after buying an additional 45 shares during the period. Finally, Archer Investment Corp grew its stake in shares of Autodesk by 112.2% during the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after buying an additional 46 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Stock Performance

Autodesk stock opened at $251.66 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78. The firm has a 50-day moving average of $216.31 and a 200-day moving average of $232.28. The firm has a market cap of $53.10 billion, a P/E ratio of 36.69, a P/E/G ratio of 1.58 and a beta of 1.29. Autodesk, Inc. has a 1-year low of $185.50 and a 1-year high of $329.09.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share (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 for the quarter, compared to analysts’ expectations of $1.89 billion. During the same period last year, the firm earned $2.29 earnings per share. Autodesk’s quarterly revenue 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 9.7 EPS for the current year.

Insiders Place Their Bets

In other Autodesk news, EVP Janesh Moorjani bought 2,500 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was bought at an average price of $197.67 per share, for a total transaction of $494,175.00. Following the completion of the acquisition, the executive vice president directly owned 50,993 shares in the company, valued at $10,079,786.31. The trade was a 5.16% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John T. Cahill purchased 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was acquired at an average cost of $189.20 per share, with a total value of $378,400.00. Following the purchase, the director directly owned 4,000 shares of the company’s stock, valued at $756,800. This trade represents a 100.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders acquired 7,935 shares of company stock worth $1,666,644. 0.14% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. KeyCorp decreased their price objective on Autodesk from $365.00 to $341.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Loop Capital dropped their target price on Autodesk from $250.00 to $235.00 and set a “hold” rating for the company in a report on Friday, May 29th. Piper Sandler reduced their price target on Autodesk from $383.00 to $369.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Bank of America reaffirmed a “buy” rating and issued a $300.00 price target on shares of Autodesk in a research note on Tuesday, May 12th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $330.00 price objective on shares of Autodesk in a research note on Monday, June 1st. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $321.07.

Autodesk Company Profile

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.