Healthcare of Ontario Pension Plan Trust Fund Has $21.71 Million Stock Holdings in Autodesk, Inc. $ADSK

Healthcare of Ontario Pension Plan Trust Fund cut its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 11.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 73,343 shares of the software company’s stock after selling 9,638 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Autodesk were worth $21,710,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. OFI Invest Asset Management boosted its position in Autodesk by 246.4% during the fourth quarter. OFI Invest Asset Management now owns 52,649 shares of the software company’s stock valued at $15,585,000 after purchasing an additional 37,449 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in Autodesk by 46.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 532,504 shares of the software company’s stock valued at $157,627,000 after purchasing an additional 169,099 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in Autodesk by 0.5% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 946,476 shares of the software company’s stock valued at $280,166,000 after purchasing an additional 4,845 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Autodesk during the third quarter valued at approximately $1,977,000. Finally, Schnieders Capital Management LLC. acquired a new position in Autodesk during the second quarter valued at approximately $466,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Jefferies Financial Group raised Autodesk to a “strong-buy” rating in a research report on Tuesday, May 26th. KeyCorp reduced their price target on Autodesk from $365.00 to $341.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. Barclays reduced their price target on Autodesk from $315.00 to $300.00 and set an “overweight” rating for the company in a research report on Wednesday, May 13th. Zacks Research lowered Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Finally, Robert W. Baird dropped their price objective on Autodesk from $355.00 to $312.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and an average price target of $327.21.

Autodesk Stock Performance

NASDAQ ADSK opened at $198.60 on Tuesday. The firm has a 50-day moving average of $234.76 and a 200-day moving average of $254.60. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market cap of $41.90 billion, a PE ratio of 28.95, a P/E/G ratio of 1.22 and a beta of 1.30. Autodesk, Inc. has a 52-week low of $194.47 and a 52-week high of $329.09.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.15. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. Autodesk’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.29 EPS. 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, sell-side analysts anticipate that Autodesk, Inc. will post 9.64 EPS for the current year.

Insider Buying and Selling

In other news, Director Stacy J. Smith bought 3,435 shares of the stock in a transaction dated Friday, May 29th. The shares were bought at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the completion of the purchase, the director owned 26,517 shares in the company, valued at approximately $6,129,934.89. This trade represents a 14.88% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Janesh Moorjani bought 2,500 shares of the stock in a transaction dated 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 purchase, the executive vice president owned 50,993 shares of the company’s stock, valued at $10,079,786.31. This trade represents a 5.16% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.14% of the stock is currently owned by company insiders.

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.