Autodesk, Inc. $ADSK Stock Holdings Trimmed by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lessened its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 4.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 95,265 shares of the software company’s stock after selling 4,138 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Autodesk were worth $22,806,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Brighton Jones LLC grew its position in Autodesk by 14.5% in the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock valued at $343,000 after buying an additional 147 shares in the last quarter. Sivia Capital Partners LLC increased its stake in Autodesk by 98.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock valued at $765,000 after buying an additional 1,224 shares during the period. Schnieders Capital Management LLC. bought a new stake in shares of Autodesk during the 2nd quarter worth about $466,000. Baird Financial Group Inc. lifted its stake in shares of Autodesk by 7.5% in the 2nd quarter. Baird Financial Group Inc. now owns 10,048 shares of the software company’s stock worth $3,111,000 after acquiring an additional 701 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in shares of Autodesk by 25.3% in the 2nd quarter. NewEdge Advisors LLC now owns 13,860 shares of the software company’s stock worth $4,291,000 after acquiring an additional 2,795 shares during the period. 90.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ADSK has been the topic of a number of research analyst reports. Robert W. Baird lowered their price objective on shares of Autodesk from $355.00 to $312.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th. BMO Capital Markets cut their target price on Autodesk from $279.00 to $262.00 and set a “market perform” rating for the company in a research report on Friday, May 29th. Zacks Research lowered Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Morgan Stanley decreased their price target on Autodesk from $350.00 to $315.00 and set an “overweight” rating for the company in a research note on Tuesday, May 26th. Finally, Bank of America reiterated a “buy” rating and set a $300.00 price target on shares of Autodesk in a research report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Autodesk presently has a consensus rating of “Moderate Buy” and an average target price of $326.10.

Insider Buying and Selling at Autodesk

In related news, Director Stacy J. Smith acquired 3,435 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was bought at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the transaction, the director owned 26,517 shares of the company’s stock, valued at approximately $6,129,934.89. The trade was a 14.88% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John T. Cahill acquired 2,000 shares of Autodesk stock in a transaction dated Tuesday, June 23rd. The shares were bought at an average cost of $189.20 per share, with a total value of $378,400.00. Following the completion of the purchase, the director owned 4,000 shares in the company, valued at approximately $756,800. This represents a 100.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have purchased 7,935 shares of company stock valued at $1,666,644. Corporate insiders own 0.14% of the company’s stock.

Autodesk Stock Performance

Shares of ADSK opened at $208.98 on Thursday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.83. The firm’s 50 day moving average is $218.63 and its 200-day moving average is $239.07. Autodesk, Inc. has a 12-month low of $185.50 and a 12-month high of $329.09. The stock has a market capitalization of $44.09 billion, a P/E ratio of 30.46, a P/E/G ratio of 1.27 and a beta of 1.32.

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