California Public Employees Retirement System Sells 135,750 Shares of Autodesk, Inc. $ADSK

California Public Employees Retirement System trimmed its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 13.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 848,706 shares of the software company’s stock after selling 135,750 shares during the period. California Public Employees Retirement System owned approximately 0.40% of Autodesk worth $262,734,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new stake in Autodesk during the 2nd quarter valued at approximately $777,202,000. Nuveen LLC bought a new stake in shares of Autodesk in the first quarter valued at approximately $278,383,000. T. Rowe Price Investment Management Inc. grew its stake in shares of Autodesk by 44.1% in the first quarter. T. Rowe Price Investment Management Inc. now owns 3,318,319 shares of the software company’s stock worth $868,736,000 after acquiring an additional 1,016,187 shares during the last quarter. Geode Capital Management LLC increased its position in Autodesk by 15.1% during the second quarter. Geode Capital Management LLC now owns 5,606,264 shares of the software company’s stock worth $1,730,415,000 after acquiring an additional 734,449 shares during the period. Finally, AQR Capital Management LLC raised its stake in Autodesk by 336.7% during the 1st quarter. AQR Capital Management LLC now owns 572,701 shares of the software company’s stock valued at $147,339,000 after purchasing an additional 441,571 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Ayanna Howard sold 917 shares of the firm’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $325.00, for a total transaction of $298,025.00. Following the completion of the sale, the director directly owned 3,476 shares of the company’s stock, valued at $1,129,700. This trade represents a 20.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.15% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Macquarie raised their price target on shares of Autodesk from $380.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. Robert W. Baird lifted their target price on Autodesk from $367.00 to $377.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. Berenberg Bank set a $370.00 price target on Autodesk in a report on Monday, September 1st. UBS Group reiterated a “buy” rating and issued a $400.00 price objective on shares of Autodesk in a research report on Wednesday, November 26th. Finally, Oppenheimer boosted their price objective on Autodesk from $350.00 to $375.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and an average target price of $366.16.

Autodesk Trading Up 0.3%

Shares of ADSK opened at $306.74 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.86. The stock has a market cap of $65.03 billion, a PE ratio of 59.45, a PEG ratio of 2.49 and a beta of 1.47. Autodesk, Inc. has a 1 year low of $232.67 and a 1 year high of $329.09. The stock has a 50 day simple moving average of $304.59 and a 200-day simple moving average of $303.32.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Tuesday, November 25th. The software company reported $2.67 earnings per share for the quarter, beating analysts’ consensus estimates of $2.50 by $0.17. Autodesk had a return on equity of 52.06% and a net margin of 16.09%.The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the prior year, the business posted $2.17 earnings per share. The business’s revenue was up 18.0% compared to the same quarter last year. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS and its Q4 2026 guidance at 2.590-2.67 EPS. On average, sell-side analysts predict that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

About Autodesk

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.