Illinois Municipal Retirement Fund Increases Stake in Autodesk, Inc. $ADSK

Illinois Municipal Retirement Fund lifted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 20.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 99,403 shares of the software company’s stock after buying an additional 17,090 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Autodesk were worth $29,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the business. Motley Fool Asset Management LLC boosted its stake in Autodesk by 28.3% during the fourth quarter. Motley Fool Asset Management LLC now owns 22,545 shares of the software company’s stock worth $6,674,000 after acquiring an additional 4,969 shares in the last quarter. Westerkirk Capital Inc. boosted its stake in Autodesk by 50.7% during the fourth quarter. Westerkirk Capital Inc. now owns 9,020 shares of the software company’s stock worth $2,670,000 after acquiring an additional 3,034 shares in the last quarter. West Family Investments Inc. boosted its stake in Autodesk by 14.7% during the fourth quarter. West Family Investments Inc. now owns 1,688 shares of the software company’s stock worth $500,000 after acquiring an additional 216 shares in the last quarter. LPL Financial LLC boosted its stake in Autodesk by 1.6% during the fourth quarter. LPL Financial LLC now owns 213,164 shares of the software company’s stock worth $63,099,000 after acquiring an additional 3,426 shares in the last quarter. Finally, Erste Asset Management GmbH boosted its stake in Autodesk by 64.1% during the fourth quarter. Erste Asset Management GmbH now owns 397,795 shares of the software company’s stock worth $118,887,000 after acquiring an additional 155,332 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on ADSK. Morgan Stanley dropped their price objective 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. JPMorgan Chase & Co. boosted their price objective on shares of Autodesk from $319.00 to $336.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. DA Davidson reissued a “buy” rating and set a $325.00 price objective on shares of Autodesk in a research note on Friday, May 29th. Robert W. Baird dropped their price objective on shares of Autodesk from $355.00 to $312.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th. Finally, Wolfe Research upped their target price on shares of Autodesk from $330.00 to $350.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $327.21.

Insider Activity at Autodesk

In other news, Director Stacy J. Smith purchased 3,435 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were purchased at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the completion of the acquisition, the director directly owned 26,517 shares in the company, valued at $6,129,934.89. This represents a 14.88% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by insiders.

Autodesk Trading Down 1.2%

NASDAQ:ADSK opened at $221.28 on Thursday. The company’s 50 day moving average price is $237.02 and its 200-day moving average price is $256.52. Autodesk, Inc. has a 52 week low of $214.10 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. The stock has a market cap of $46.69 billion, a price-to-earnings ratio of 32.26, a PEG ratio of 1.38 and a beta of 1.29.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.15. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the prior year, the company posted $2.29 earnings per share. The business’s revenue for the quarter 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. On average, equities research analysts forecast that Autodesk, Inc. will post 9.64 earnings per share for the current fiscal year.

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.