Dimensional Fund Advisors LP Raises Position in Autodesk, Inc. $ADSK

Dimensional Fund Advisors LP raised its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 9.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,391,855 shares of the software company’s stock after acquiring an additional 121,568 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Autodesk were worth $333,183,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Parallel Advisors LLC lifted its stake in shares of Autodesk by 12.6% in the 1st quarter. Parallel Advisors LLC now owns 3,901 shares of the software company’s stock valued at $934,000 after purchasing an additional 438 shares during the period. SEB Asset Management AB purchased a new stake in Autodesk in the first quarter worth $104,371,000. Swiss National Bank raised its holdings in Autodesk by 6.6% in the first quarter. Swiss National Bank now owns 622,160 shares of the software company’s stock worth $148,945,000 after purchasing an additional 38,440 shares in the last quarter. World Equity Group Inc. bought a new position in Autodesk in the first quarter worth $292,000. Finally, Mediolanum International Funds Ltd lifted its position in Autodesk by 29.0% during the first quarter. Mediolanum International Funds Ltd now owns 94,712 shares of the software company’s stock valued at $22,322,000 after buying an additional 21,270 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Insider Activity at Autodesk

In other news, Director John T. Cahill acquired 2,000 shares of Autodesk stock in a transaction on Tuesday, June 23rd. The stock was acquired at an average cost of $189.20 per share, for a total transaction of $378,400.00. Following the purchase, the director owned 4,000 shares in the company, valued at $756,800. This trade represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stacy J. Smith bought 3,435 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was purchased at an average cost of $231.17 per share, with a total value of $794,068.95. Following the completion of the acquisition, the director directly 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 position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have bought 7,935 shares of company stock valued at $1,666,644. 0.14% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on ADSK shares. Jefferies Financial Group upgraded shares of Autodesk to a “strong-buy” rating in a report on Tuesday, May 26th. BNP Paribas Exane started coverage on shares of Autodesk in a research note on Thursday, June 18th. They issued an “outperform” rating and a $295.00 price target for the company. Barclays lowered their price target on shares of Autodesk from $315.00 to $300.00 and set an “overweight” rating for the company in a research report on Wednesday, May 13th. Piper Sandler dropped their price objective on shares of Autodesk from $383.00 to $369.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. Finally, Arete Research cut their price objective on shares of Autodesk from $460.00 to $456.00 and set a “buy” rating on the stock in a report on Thursday, March 26th. Two 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $326.10.

Autodesk Trading Down 3.1%

Autodesk stock opened at $211.15 on Wednesday. Autodesk, Inc. has a 12 month low of $185.50 and a 12 month high of $329.09. The company has a market capitalization of $44.55 billion, a price-to-earnings ratio of 30.78, a price-to-earnings-growth ratio of 1.34 and a beta of 1.32. The business’s fifty day simple moving average is $216.59 and its two-hundred day simple moving average is $236.73. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.15. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The company’s revenue was up 18.4% on a year-over-year basis. During the same period last year, the company 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. As a group, equities analysts predict that Autodesk, Inc. will post 9.64 earnings per share for the current fiscal year.

Autodesk 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.