Milford Funds Ltd. Acquires New Position in Autodesk, Inc. $ADSK

Milford Funds Ltd. acquired a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 18,192 shares of the software company’s stock, valued at approximately $3,537,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ADSK. Norges Bank bought a new position in shares of Autodesk during the fourth quarter valued at approximately $867,480,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Autodesk by 44,345.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,280,515 shares of the software company’s stock worth $675,055,000 after purchasing an additional 2,275,384 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Autodesk by 46.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,989,372 shares of the software company’s stock worth $884,884,000 after purchasing an additional 952,343 shares during the last quarter. Wellington Management Group LLP boosted its position in Autodesk by 103.5% during the 4th quarter. Wellington Management Group LLP now owns 1,868,159 shares of the software company’s stock valued at $552,994,000 after purchasing an additional 950,149 shares during the period. Finally, Pictet Asset Management Holding SA boosted its position in Autodesk by 80.2% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,103,376 shares of the software company’s stock valued at $503,521,000 after purchasing an additional 936,388 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Stock Down 2.4%

ADSK opened at $251.66 on Friday. Autodesk, Inc. has a 12 month low of $185.50 and a 12 month high of $329.09. 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 stock 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. The stock’s 50 day moving average price is $216.31 and its 200 day moving average price is $232.28.

Autodesk (NASDAQ:ADSK) last announced its 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. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the previous year, the business earned $2.29 EPS. The firm’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. As a group, research analysts predict that Autodesk, Inc. will post 9.7 earnings per share for the current year.

Wall Street Analyst Weigh In

ADSK has been the topic of several analyst reports. KeyCorp dropped their target price on Autodesk from $365.00 to $341.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Rosenblatt Securities reissued a “buy” rating and set a $330.00 price target on shares of Autodesk in a report on Monday, June 1st. Guggenheim initiated coverage on shares of Autodesk in a research report on Wednesday, July 22nd. They set a “buy” rating and a $245.00 price target for the company. UBS Group reaffirmed a “buy” rating on shares of Autodesk in a report on Friday, May 29th. Finally, Zacks Research downgraded shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. 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 data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $321.07.

Insider Activity at Autodesk

In related news, Director Stacy J. Smith bought 3,435 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The stock was purchased at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the transaction, the director directly owned 26,517 shares of the company’s stock, valued at approximately $6,129,934.89. This represents a 14.88% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John T. Cahill bought 2,000 shares of the stock in a transaction on Tuesday, June 23rd. The shares were bought 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 position. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 7,935 shares of company stock worth $1,666,644 over the last ninety days. 0.14% of the stock is currently owned by corporate insiders.

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.