Arrowstreet Capital Limited Partnership Purchases 952,343 Shares of Autodesk, Inc. $ADSK

Arrowstreet Capital Limited Partnership boosted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 46.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,989,372 shares of the software company’s stock after acquiring an additional 952,343 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Autodesk were worth $884,884,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ADSK. Torren Management LLC bought a new stake in Autodesk during the 4th quarter valued at $25,000. Measured Wealth Private Client Group LLC bought a new stake in Autodesk during the 3rd quarter valued at $25,000. Archer Investment Corp raised its holdings in Autodesk by 112.2% during the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after buying an additional 46 shares during the last quarter. Swiss RE Ltd. bought a new stake in Autodesk during the 4th quarter valued at $32,000. Finally, High Point Wealth Management LLC bought a new stake in Autodesk during the 4th quarter valued at $44,000. 90.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on ADSK. Piper Sandler reduced their price objective on shares of Autodesk from $383.00 to $369.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Jefferies Financial Group raised shares of Autodesk to a “strong-buy” rating in a research report on Tuesday, May 26th. Rothschild & Co Redburn reduced their price objective on shares of Autodesk from $375.00 to $360.00 and set a “buy” rating on the stock in a research report on Monday, June 1st. BMO Capital Markets reduced their price objective on shares of Autodesk from $279.00 to $262.00 and set a “market perform” rating on the stock in a research report on Friday, May 29th. Finally, Citigroup boosted their price objective on shares of Autodesk from $246.00 to $252.00 and gave the company a “neutral” rating in a research report on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $327.21.

Autodesk Stock Down 3.5%

Shares of Autodesk stock opened at $198.43 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78. The company’s fifty day simple moving average is $235.55 and its two-hundred day simple moving average is $255.52. The company has a market cap of $41.87 billion, a P/E ratio of 28.93, a PEG ratio of 1.22 and a beta of 1.29. Autodesk, Inc. has a 12-month low of $194.47 and a 12-month high of $329.09.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.15. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.89 billion. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The company’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $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. Research analysts anticipate that Autodesk, Inc. will post 9.64 EPS for the current year.

Insider Buying and Selling at Autodesk

In other Autodesk news, Director Stacy J. Smith bought 3,435 shares of Autodesk stock in a transaction dated Friday, May 29th. The shares were purchased at an average cost of $231.17 per share, with a total value of $794,068.95. Following the transaction, the director directly owned 26,517 shares of the company’s stock, valued at $6,129,934.89. This represents a 14.88% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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.