Calamos Advisors LLC Decreases Holdings in Autodesk, Inc. $ADSK

Calamos Advisors LLC decreased its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 5.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,474 shares of the software company’s stock after selling 2,488 shares during the period. Calamos Advisors LLC’s holdings in Autodesk were worth $8,258,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quantinno Capital Management LP grew its holdings in Autodesk by 17.8% during the 1st quarter. Quantinno Capital Management LP now owns 385,572 shares of the software company’s stock valued at $92,306,000 after purchasing an additional 58,285 shares during the last quarter. SG Americas Securities LLC lifted its stake in Autodesk by 158.4% in the first quarter. SG Americas Securities LLC now owns 272,548 shares of the software company’s stock worth $65,248,000 after purchasing an additional 167,064 shares during the last quarter. Man Group plc boosted its position in shares of Autodesk by 28.6% during the fourth quarter. Man Group plc now owns 1,229,946 shares of the software company’s stock valued at $364,076,000 after buying an additional 273,765 shares during the period. Seilern Investment Management Ltd boosted its position in shares of Autodesk by 11.0% during the second quarter. Seilern Investment Management Ltd now owns 227,675 shares of the software company’s stock valued at $44,265,000 after buying an additional 22,547 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Autodesk by 9.1% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,032,443 shares of the software company’s stock valued at $247,167,000 after buying an additional 85,967 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Citigroup increased their price target on Autodesk from $246.00 to $252.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. Loop Capital reduced their target price on Autodesk from $250.00 to $235.00 and set a “hold” rating on the stock in a research note on Friday, May 29th. Weiss Ratings downgraded Autodesk from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 10th. Jefferies Financial Group raised shares of Autodesk to a “strong-buy” rating in a research note on Tuesday, May 26th. Finally, KeyCorp cut their price target on shares of Autodesk from $365.00 to $341.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Autodesk presently has an average rating of “Moderate Buy” and an average price target of $321.07.

Autodesk Stock Down 2.4%

Shares of NASDAQ:ADSK opened at $251.66 on Friday. The business’s 50 day moving average is $216.31 and its 200 day moving average is $232.28. The stock has a market cap of $53.10 billion, a P/E ratio of 36.69, a price-to-earnings-growth ratio of 1.58 and a beta of 1.29. Autodesk, Inc. has a 52-week low of $185.50 and a 52-week high of $329.09. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.78.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.15. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period in the previous year, the company posted $2.29 EPS. Autodesk’s 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. Sell-side analysts predict that Autodesk, Inc. will post 9.7 EPS for the current year.

Insider Activity at Autodesk

In other Autodesk news, Director Stacy J. Smith bought 3,435 shares of the business’s stock in a transaction on Friday, May 29th. The shares were acquired at an average price of $231.17 per share, with a total value of $794,068.95. Following the transaction, the director owned 26,517 shares of the company’s stock, valued at approximately $6,129,934.89. This trade represents a 14.88% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Janesh Moorjani purchased 2,500 shares of Autodesk stock in a transaction dated Monday, June 15th. The stock was acquired at an average price of $197.67 per share, with a total value of $494,175.00. Following the acquisition, the executive vice president owned 50,993 shares in the company, valued at approximately $10,079,786.31. This represents a 5.16% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 7,935 shares of company stock worth $1,666,644 over the last three months. 0.14% of the stock is owned by corporate insiders.

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.