Arrowstreet Capital Limited Partnership Increases Position in Autodesk, Inc. $ADSK

Arrowstreet Capital Limited Partnership lifted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 5.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 3,144,627 shares of the software company’s stock after purchasing an additional 155,255 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Autodesk were worth $752,824,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Piscataqua Savings Bank raised its stake in Autodesk by 33.3% in the fourth quarter. Piscataqua Savings Bank now owns 160 shares of the software company’s stock valued at $47,000 after buying an additional 40 shares in the last quarter. Moss Adams Wealth Advisors LLC boosted its position in shares of Autodesk by 1.0% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 4,267 shares of the software company’s stock worth $1,263,000 after acquiring an additional 41 shares in the last quarter. Trust Point Inc. increased its holdings in shares of Autodesk by 3.3% in the 4th quarter. Trust Point Inc. now owns 1,322 shares of the software company’s stock valued at $391,000 after acquiring an additional 42 shares during the last quarter. CENTRAL TRUST Co raised its position in shares of Autodesk by 6.2% during the 4th quarter. CENTRAL TRUST Co now owns 759 shares of the software company’s stock worth $225,000 after acquiring an additional 44 shares in the last quarter. Finally, Smithfield Trust Co raised its position in shares of Autodesk by 5.3% during the 4th quarter. Smithfield Trust Co now owns 893 shares of the software company’s stock worth $266,000 after acquiring an additional 45 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Activity

In other Autodesk news, Director Stacy J. Smith bought 3,435 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was acquired at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the completion of the purchase, the director owned 26,517 shares of the company’s stock, valued at approximately $6,129,934.89. This represents a 14.88% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John T. Cahill purchased 2,000 shares of the stock in a transaction that occurred 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 acquisition, the director owned 4,000 shares of the company’s stock, valued at approximately $756,800. The trade was a 100.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders acquired 7,935 shares of company stock valued at $1,666,644. Insiders own 0.14% of the company’s stock.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $205.26 on Friday. 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, Inc. has a twelve month low of $185.50 and a twelve month high of $329.09. The stock has a 50 day moving average of $215.47 and a two-hundred day moving average of $235.50. The stock has a market cap of $43.31 billion, a P/E ratio of 29.92, a P/E/G ratio of 1.25 and a beta of 1.32.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.15. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the previous year, the company posted $2.29 EPS. The company’s quarterly revenue 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. On average, research analysts forecast that Autodesk, Inc. will post 9.64 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ADSK has been the subject of a number of research analyst reports. BTIG Research reaffirmed a “buy” rating and issued a $300.00 price target on shares of Autodesk in a report on Friday, May 29th. Rosenblatt Securities reissued a “buy” rating and set a $330.00 price objective on shares of Autodesk in a report on Monday, June 1st. Guggenheim started coverage on shares of Autodesk in a research report on Wednesday. They set a “buy” rating and a $245.00 price objective for the company. Rothschild & Co Redburn lowered their target price on shares of Autodesk from $375.00 to $360.00 and set a “buy” rating for the company in a report on Monday, June 1st. Finally, Arete Research cut their price target on shares of Autodesk from $460.00 to $456.00 and set a “buy” rating on the stock in a research note on Thursday, March 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $323.40.

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.