Minneapolis Portfolio Management Group LLC Makes New Investment in Autodesk, Inc. $ADSK

Minneapolis Portfolio Management Group LLC bought a new stake in Autodesk, Inc. (NASDAQ:ADSK) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 141,015 shares of the software company’s stock, valued at approximately $27,416,000. Autodesk comprises 2.6% of Minneapolis Portfolio Management Group LLC’s investment portfolio, making the stock its 24th biggest position.

A number of other large investors also recently made changes to their positions in the company. Torren Management LLC acquired a new stake in Autodesk during the 4th quarter worth approximately $25,000. Measured Wealth Private Client Group LLC acquired a new position in Autodesk in the 3rd quarter valued at $25,000. Kemnay Advisory Services Inc. acquired a new position in Autodesk in the 4th quarter valued at $25,000. Archer Investment Corp increased its position in Autodesk by 112.2% during the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after buying an additional 46 shares during the period. Finally, Prosperity Bancshares Inc bought a new position in Autodesk during the 4th quarter worth $27,000. Institutional investors own 90.24% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ADSK. Barclays reduced their target price on shares of Autodesk from $315.00 to $300.00 and set an “overweight” rating for the company in a research report on Wednesday, May 13th. Piper Sandler lowered their price target 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. UBS Group reiterated a “buy” rating on shares of Autodesk in a research note on Friday, May 29th. Robert W. Baird cut their price objective on shares of Autodesk from $355.00 to $312.00 and set an “outperform” rating for the company in a report on Friday, April 17th. Finally, DA Davidson restated a “buy” rating and set a $325.00 target price on shares of Autodesk in a research report on Friday, May 29th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $321.07.

Insider Buying and Selling at Autodesk

In other news, Director Stacy J. Smith purchased 3,435 shares of Autodesk stock in a transaction that occurred on Friday, May 29th. The shares were acquired at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the transaction, the director owned 26,517 shares of the company’s stock, valued at approximately $6,129,934.89. The trade was a 14.88% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 stock was purchased at an average cost of $197.67 per share, for a total transaction of $494,175.00. Following the completion of the purchase, the executive vice president directly owned 50,993 shares of the company’s stock, 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. Insiders have bought a total of 7,935 shares of company stock valued at $1,666,644 in the last ninety days. 0.14% of the stock is currently owned by company insiders.

Autodesk Stock Performance

NASDAQ:ADSK opened at $257.96 on Friday. The company has a market cap of $54.43 billion, a price-to-earnings ratio of 37.60, a PEG ratio of 1.53 and a beta of 1.29. Autodesk, Inc. has a fifty-two week low of $185.50 and a fifty-two week high of $329.09. 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 fifty day moving average price of $215.88 and a 200-day moving average price of $232.15.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.15. The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.Autodesk’s revenue was up 18.4% on a year-over-year basis. During the same quarter last year, the business 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. As a group, equities analysts anticipate that Autodesk, Inc. will post 9.7 EPS 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.