The Manufacturers Life Insurance Company Acquires 239,524 Shares of Autodesk, Inc. $ADSK

The Manufacturers Life Insurance Company boosted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 116.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 444,419 shares of the software company’s stock after buying an additional 239,524 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Autodesk were worth $86,404,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. National Pension Service lifted its position in shares of Autodesk by 4.1% in the second quarter. National Pension Service now owns 849,876 shares of the software company’s stock valued at $165,233,000 after buying an additional 33,448 shares during the last quarter. WINTON GROUP Ltd boosted its stake in shares of Autodesk by 438.6% during the 2nd quarter. WINTON GROUP Ltd now owns 35,659 shares of the software company’s stock worth $6,933,000 after acquiring an additional 29,038 shares during the period. GFG Capital LLC increased its holdings in shares of Autodesk by 12.8% during the 2nd quarter. GFG Capital LLC now owns 10,619 shares of the software company’s stock worth $2,065,000 after acquiring an additional 1,204 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of Autodesk by 24.8% during the 2nd quarter. IFP Advisors Inc now owns 2,380 shares of the software company’s stock worth $463,000 after acquiring an additional 473 shares during the last quarter. Finally, Arizona State Retirement System raised its stake in Autodesk by 0.8% in the 2nd quarter. Arizona State Retirement System now owns 58,548 shares of the software company’s stock valued at $11,383,000 after acquiring an additional 463 shares during the period. Institutional investors own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Weiss Ratings raised Autodesk from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 31st. Wells Fargo & Company decreased their price objective on shares of Autodesk from $350.00 to $330.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Argus reissued a “buy” rating and issued a $355.00 price objective on shares of Autodesk in a research report on Wednesday, September 2nd. Barclays restated an “overweight” rating on shares of Autodesk in a research note on Wednesday, August 19th. Finally, Rothschild & Co Redburn reduced 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. One research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $321.19.

Autodesk Stock Performance

ADSK opened at $212.40 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.86 and a current ratio of 0.86. Autodesk, Inc. has a 52-week low of $185.50 and a 52-week high of $326.71. The firm has a market cap of $44.39 billion, a P/E ratio of 27.48, a price-to-earnings-growth ratio of 1.38 and a beta of 1.31. The business’s fifty day moving average is $232.03 and its 200-day moving average is $231.93.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, August 27th. The software company reported $3.30 EPS for the quarter, beating the consensus estimate of $3.12 by $0.18. The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.62 EPS. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. Sell-side analysts expect that Autodesk, Inc. will post 9.72 EPS for the current fiscal year.

Insider Activity

In related news, Director John T. Cahill bought 2,000 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The shares were purchased at an average price of $189.20 per share, with a total value of $378,400.00. Following the completion of the purchase, the director owned 4,000 shares in the company, valued at $756,800. This represents a 100.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Janesh Moorjani acquired 2,500 shares of Autodesk stock in a transaction that occurred on Monday, June 15th. The shares were purchased at an average price of $197.67 per share, for a total transaction of $494,175.00. Following the transaction, the executive vice president directly owned 50,993 shares in the company, valued at $10,079,786.31. The trade was a 5.16% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.14% of the company’s stock.

About Autodesk

Autodesk, Inc develops software and cloud-based services for people and organizations that design, make and manage products, buildings, infrastructure and digital media. Its tools are used across architecture, engineering, construction, manufacturing, product design, media and entertainment, and related industries.

The company is best known for AutoCAD, its computer-aided design platform. Its broader portfolio includes Revit for building information modeling, Civil 3D for civil engineering, Inventor and Fusion for product design and manufacturing, Maya and 3ds Max for animation and visual effects, and construction-focused products such as Autodesk Construction Cloud.