California State Teachers Retirement System Decreases Position in Autodesk, Inc. $ADSK

California State Teachers Retirement System trimmed its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 2.8% in the first quarter, HoldingsChannel.com reports. The firm owned 309,626 shares of the software company’s stock after selling 9,071 shares during the quarter. California State Teachers Retirement System’s holdings in Autodesk were worth $74,124,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Piscataqua Savings Bank lifted its position in shares of Autodesk by 33.3% during the 4th quarter. Piscataqua Savings Bank now owns 160 shares of the software company’s stock worth $47,000 after buying an additional 40 shares during the last quarter. Moss Adams Wealth Advisors LLC boosted its holdings in shares of Autodesk by 1.0% in the 4th quarter. Moss Adams Wealth Advisors LLC now owns 4,267 shares of the software company’s stock valued at $1,263,000 after buying an additional 41 shares in the last quarter. CENTRAL TRUST Co grew its position in shares of Autodesk by 6.2% in the 4th quarter. CENTRAL TRUST Co now owns 759 shares of the software company’s stock valued at $225,000 after buying an additional 44 shares during the last quarter. Smithfield Trust Co grew its position in shares of Autodesk by 5.3% in the 4th quarter. Smithfield Trust Co now owns 893 shares of the software company’s stock valued at $266,000 after buying an additional 45 shares during the last quarter. Finally, Calydon Capital raised its stake in Autodesk by 1.7% during the 4th quarter. Calydon Capital now owns 2,726 shares of the software company’s stock worth $807,000 after acquiring an additional 45 shares in the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Guggenheim assumed coverage on shares of Autodesk in a research report on Wednesday, July 22nd. They issued a “buy” rating and a $245.00 price target for the company. Rothschild & Co Redburn dropped their price objective on Autodesk from $375.00 to $360.00 and set a “buy” rating on the stock in a report on Monday, June 1st. Piper Sandler cut their target price on Autodesk from $383.00 to $369.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Rosenblatt Securities reissued a “buy” rating and issued a $330.00 target price on shares of Autodesk in a report on Monday, June 1st. Finally, Barclays decreased their target price on Autodesk from $315.00 to $300.00 and set an “overweight” rating for the company in a research report on Wednesday, May 13th. Three investment 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 currently has an average rating of “Moderate Buy” and a consensus price target of $323.40.

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $234.97 on Friday. Autodesk, Inc. has a one year low of $185.50 and a one year high of $329.09. The stock has a market capitalization of $49.58 billion, a price-to-earnings ratio of 34.25, a PEG ratio of 1.51 and a beta of 1.32. The company has a 50-day simple moving average of $214.37 and a 200-day simple moving average of $233.57. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 0.83.

Autodesk (NASDAQ:ADSK) last released its quarterly 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 firm 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% on a year-over-year basis. During the same quarter last year, the company posted $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. On average, analysts predict that Autodesk, Inc. will post 9.64 EPS for the current year.

Insider Activity

In related news, Director John T. Cahill purchased 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was purchased at an average cost of $189.20 per share, with a total value of $378,400.00. Following the completion of the acquisition, the director directly owned 4,000 shares in the company, valued at $756,800. This trade represents a 100.00% 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 stock in a transaction that occurred on Monday, June 15th. The stock was purchased at an average price of $197.67 per share, for a total transaction of $494,175.00. Following the completion of the transaction, the executive vice president owned 50,993 shares in the company, valued at $10,079,786.31. The trade was a 5.16% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have purchased 7,935 shares of company stock valued at $1,666,644. Company insiders own 0.14% of the company’s stock.

Autodesk 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.