Maryland State Retirement & Pension System Raises Stock Holdings in Autodesk, Inc. $ADSK

Maryland State Retirement & Pension System boosted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,355 shares of the software company’s stock after purchasing an additional 283 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Autodesk were worth $3,206,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. OMNI 360 Wealth Inc. purchased a new position in Autodesk during the second quarter worth approximately $359,000. E. Ohman J or Asset Management AB boosted its position in Autodesk by 1.8% during the second quarter. E. Ohman J or Asset Management AB now owns 127,126 shares of the software company’s stock worth $39,354,000 after purchasing an additional 2,276 shares in the last quarter. Spire Wealth Management raised its holdings in shares of Autodesk by 2.5% during the first quarter. Spire Wealth Management now owns 2,075 shares of the software company’s stock valued at $543,000 after acquiring an additional 50 shares during the last quarter. Sowell Financial Services LLC acquired a new position in shares of Autodesk during the first quarter valued at approximately $324,000. Finally, GK Wealth Management LLC acquired a new position in shares of Autodesk during the second quarter valued at approximately $348,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

NASDAQ:ADSK opened at $303.50 on Friday. Autodesk, Inc. has a one year low of $232.67 and a one year high of $329.09. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market cap of $64.65 billion, a PE ratio of 62.84, a P/E/G ratio of 2.75 and a beta of 1.49. The stock has a 50 day moving average price of $308.24 and a 200 day moving average price of $294.19.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, August 28th. The software company reported $1.46 EPS for the quarter, missing the consensus estimate of $2.45 by ($0.99). Autodesk had a net margin of 15.75% and a return on equity of 51.23%. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same period in the prior year, the business posted $2.15 EPS. Autodesk’s revenue for the quarter was up 17.1% compared to the same quarter last year. Autodesk has set its FY 2026 guidance at 9.800-9.980 EPS. Q3 2026 guidance at 2.480-2.510 EPS. Equities research analysts expect that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on ADSK. Mizuho increased their target price on Autodesk from $350.00 to $375.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Macquarie increased their target price on Autodesk from $360.00 to $380.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Wall Street Zen cut Autodesk from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 28th. Robert W. Baird increased their target price on Autodesk from $345.00 to $363.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Finally, Berenberg Bank set a $370.00 target price on Autodesk in a report on Monday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Autodesk currently has an average rating of “Moderate Buy” and an average price target of $359.13.

Insiders Place Their Bets

In other Autodesk news, EVP Ruth Ann Keene sold 2,761 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $315.10, for a total transaction of $869,991.10. Following the completion of the sale, the executive vice president owned 80,255 shares of the company’s stock, valued at $25,288,350.50. This trade represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Steven M. Blum sold 22,420 shares of the firm’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $323.75, for a total value of $7,258,475.00. Following the sale, the executive vice president directly owned 13,099 shares of the company’s stock, valued at approximately $4,240,801.25. This trade represents a 63.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,386 shares of company stock worth $11,433,201 in the last three months. 0.15% of the stock is owned by insiders.

Autodesk Company Profile

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.