Martingale Asset Management L P Purchases 7,218 Shares of Autodesk, Inc. $ADSK

Martingale Asset Management L P grew its position in Autodesk, Inc. (NASDAQ:ADSK) by 12.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 66,582 shares of the software company’s stock after buying an additional 7,218 shares during the quarter. Martingale Asset Management L P’s holdings in Autodesk were worth $19,709,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ADSK. Brighton Jones LLC lifted its holdings in shares of Autodesk by 14.5% in the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock valued at $343,000 after purchasing an additional 147 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Autodesk by 98.1% in the second quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock valued at $765,000 after purchasing an additional 1,224 shares in the last quarter. Schnieders Capital Management LLC. bought a new stake in shares of Autodesk in the second quarter valued at about $466,000. Baird Financial Group Inc. lifted its holdings in shares of Autodesk by 7.5% in the second quarter. Baird Financial Group Inc. now owns 10,048 shares of the software company’s stock valued at $3,111,000 after purchasing an additional 701 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in Autodesk by 25.3% during the second quarter. NewEdge Advisors LLC now owns 13,860 shares of the software company’s stock worth $4,291,000 after acquiring an additional 2,795 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.

Insider Activity at Autodesk

In other news, Director Stacy J. Smith bought 3,435 shares of the firm’s stock in a transaction dated Friday, May 29th. The shares were bought at an average price of $231.17 per share, with a total value of $794,068.95. Following the completion of the transaction, the director owned 26,517 shares of the company’s stock, valued at $6,129,934.89. This trade represents a 14.88% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.14% of the company’s stock.

Autodesk Price Performance

NASDAQ:ADSK opened at $198.43 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.78. The stock’s 50 day moving average price is $235.55 and its two-hundred day moving average price is $255.52. The firm has a market capitalization of $41.87 billion, a price-to-earnings ratio of 28.93, a P/E/G ratio of 1.27 and a beta of 1.29. Autodesk, Inc. has a 12-month low of $194.47 and a 12-month high of $329.09.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.15. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.29 earnings per share. 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, analysts anticipate that Autodesk, Inc. will post 9.64 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on ADSK shares. Robert W. Baird reduced their price target on Autodesk from $355.00 to $312.00 and set an “outperform” rating for the company in a research report on Friday, April 17th. Oppenheimer reduced their price target on Autodesk from $375.00 to $325.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. BMO Capital Markets reduced their price target on Autodesk from $279.00 to $262.00 and set a “market perform” rating for the company in a research report on Friday, May 29th. Piper Sandler reduced their price target on Autodesk from $383.00 to $369.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Finally, BTIG Research reissued a “buy” rating and set a $300.00 price target on shares of Autodesk in a research report on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Autodesk has an average rating of “Moderate Buy” and an average price target of $327.21.

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.