AQR Capital Management LLC Buys 394,768 Shares of Autodesk, Inc. $ADSK

AQR Capital Management LLC grew its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 68.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 967,469 shares of the software company’s stock after buying an additional 394,768 shares during the quarter. AQR Capital Management LLC’s holdings in Autodesk were worth $297,458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings 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 acquiring an additional 147 shares in the last quarter. Benjamin Edwards Inc. lifted its holdings in shares of Autodesk by 3.4% during the 1st quarter. Benjamin Edwards Inc. now owns 2,658 shares of the software company’s stock worth $696,000 after acquiring an additional 87 shares during the period. SouthState Corp boosted its position in shares of Autodesk by 500.0% during the 1st quarter. SouthState Corp now owns 96 shares of the software company’s stock worth $25,000 after acquiring an additional 80 shares in the last quarter. Public Sector Pension Investment Board increased its stake in Autodesk by 7.5% in the first quarter. Public Sector Pension Investment Board now owns 33,379 shares of the software company’s stock valued at $8,739,000 after acquiring an additional 2,316 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Autodesk by 2.9% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 45,682 shares of the software company’s stock valued at $11,960,000 after purchasing an additional 1,300 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Performance

Shares of Autodesk stock opened at $297.64 on Friday. The business has a 50-day simple moving average of $302.70 and a 200 day simple moving average of $303.46. Autodesk, Inc. has a one year low of $232.67 and a one year high of $329.09. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization of $63.10 billion, a price-to-earnings ratio of 57.68, a PEG ratio of 2.44 and a beta of 1.47.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Tuesday, November 25th. The software company reported $2.67 earnings per share for the quarter, topping the consensus estimate of $2.50 by $0.17. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.81 billion. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. The business’s revenue was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.17 earnings per share. 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, research analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Ayanna Howard sold 917 shares of the company’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 owned 3,476 shares in the company, valued at approximately $1,129,700. This represents a 20.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.15% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ADSK shares. Robert W. Baird upped their target price on Autodesk from $367.00 to $377.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. Wall Street Zen downgraded shares of Autodesk from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 28th. Hsbc Global Res raised Autodesk from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Berenberg Bank set a $370.00 price target on Autodesk in a research report on Monday, September 1st. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Autodesk in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $369.77.

Autodesk Profile

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.