Tobam Has $1.01 Million Position in Autodesk, Inc. $ADSK

Tobam grew its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 1,093.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,425 shares of the software company’s stock after purchasing an additional 3,138 shares during the period. Tobam’s holdings in Autodesk were worth $1,014,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ADSK. OFI Invest Asset Management grew 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 in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Autodesk by 46.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 532,504 shares of the software company’s stock worth $157,627,000 after buying an additional 169,099 shares in the last quarter. Man Group plc boosted its stake in shares of Autodesk by 28.6% during the 4th quarter. Man Group plc now owns 1,229,946 shares of the software company’s stock valued at $364,076,000 after buying an additional 273,765 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Autodesk by 0.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 946,476 shares of the software company’s stock valued at $280,166,000 after buying an additional 4,845 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Autodesk during the 3rd quarter valued at $1,977,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ADSK. Rothschild & Co Redburn cut their price objective on Autodesk from $375.00 to $360.00 and set a “buy” rating for the company in a report on Monday, June 1st. JPMorgan Chase & Co. boosted their target price on Autodesk from $319.00 to $336.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Zacks Research downgraded Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Argus upgraded Autodesk to a “strong-buy” rating in a report on Friday, March 6th. Finally, BTIG Research reissued a “buy” rating and issued a $300.00 price target on shares of Autodesk in a research note on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Autodesk currently has a consensus rating of “Moderate Buy” and an average target price of $326.10.

Autodesk Stock Performance

Shares of NASDAQ:ADSK opened at $193.82 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 stock has a market capitalization of $40.90 billion, a PE ratio of 28.25, a P/E/G ratio of 1.19 and a beta of 1.29. Autodesk, Inc. has a 1 year low of $190.86 and a 1 year high of $329.09. The firm has a fifty day moving average price of $231.38 and a 200 day moving average price of $251.95.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.15. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The business’s revenue was up 18.4% compared to the same quarter last year. During the same period last year, the company earned $2.29 earnings per share. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. Analysts expect that Autodesk, Inc. will post 9.64 EPS for the current fiscal year.

Insider Activity at Autodesk

In other news, Director Stacy J. Smith acquired 3,435 shares of Autodesk stock in a transaction dated Friday, May 29th. The stock was acquired at an average cost 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 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 filing with the SEC, which is accessible through this link. Also, EVP Janesh Moorjani acquired 2,500 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were purchased at an average cost of $197.67 per share, with a total value of $494,175.00. Following the completion of the acquisition, the executive vice president owned 50,993 shares in the company, valued at $10,079,786.31. This trade represents a 5.16% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.14% of the stock is currently owned by 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.