WINTON GROUP Ltd Acquires 29,038 Shares of Autodesk, Inc. $ADSK

WINTON GROUP Ltd increased its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 438.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,659 shares of the software company’s stock after purchasing an additional 29,038 shares during the period. WINTON GROUP Ltd’s holdings in Autodesk were worth $6,933,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ADSK. California State Teachers Retirement System boosted its position in Autodesk by 18,825.0% during the second quarter. California State Teachers Retirement System now owns 58,596,827 shares of the software company’s stock valued at $11,392,395,000 after buying an additional 58,287,201 shares during the period. BlackRock Inc. bought a new position in shares of Autodesk during the second quarter valued at about $4,828,855,000. State Street Corp increased its holdings in shares of Autodesk by 0.7% in the fourth quarter. State Street Corp now owns 10,157,826 shares of the software company’s stock worth $3,006,818,000 after buying an additional 70,053 shares during the period. Geode Capital Management LLC increased its holdings in shares of Autodesk by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 5,682,041 shares of the software company’s stock worth $1,677,404,000 after buying an additional 123,691 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Autodesk by 5.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,144,627 shares of the software company’s stock valued at $752,824,000 after acquiring an additional 155,255 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Insider Buying and Selling at Autodesk

In related news, Director John Cahill bought 2,000 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The stock was purchased at an average cost of $189.20 per share, with a total value of $378,400.00. Following the transaction, the director owned 4,000 shares in the company, valued at approximately $756,800. This trade represents a 100.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Janesh Moorjani bought 2,500 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were bought at an average cost of $197.67 per share, for a total transaction of $494,175.00. Following the purchase, the executive vice president directly owned 50,993 shares in the company, valued at approximately $10,079,786.31. This represents a 5.16% increase in their position. The SEC filing for this purchase provides additional information. 0.14% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ADSK has been the topic of several recent research reports. Jefferies Financial Group upgraded Autodesk to a “strong-buy” rating in a research report on Tuesday, May 26th. Robert W. Baird boosted their price objective on Autodesk from $312.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, August 21st. Loop Capital dropped their price objective on Autodesk from $250.00 to $235.00 and set a “hold” rating for the company in a research note on Friday, May 29th. KeyCorp restated an “overweight” rating on shares of Autodesk in a report on Wednesday, August 19th. Finally, Morgan Stanley decreased their target price on shares of Autodesk from $350.00 to $315.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $321.19.

Autodesk Price Performance

Shares of ADSK stock opened at $206.62 on Thursday. 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 fifty-two week low of $185.50 and a fifty-two week high of $326.71. The firm has a market cap of $43.18 billion, a P/E ratio of 26.73, a P/E/G ratio of 1.40 and a beta of 1.31. The business’s 50 day moving average price is $231.84 and its 200-day moving average price is $232.17.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, August 27th. The software company reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.12 by $0.18. Autodesk had a return on equity of 58.63% and a net margin of 21.08%.The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the company earned $2.62 earnings per share. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. On average, equities research analysts anticipate that Autodesk, Inc. will post 9.64 earnings per share for the current year.

Autodesk Profile

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.