Alyeska Investment Group L.P. Has $132.83 Million Stock Holdings in Autodesk, Inc. $ADSK

Key Points

• Alyeska Investment Group increased its Autodesk stake by 248.3% in the second quarter, holding 683,227 shares valued at approximately $132.83 million. Institutional investors owned 90.24% of Autodesk at quarter-end.
• Analysts remain broadly positive, with Autodesk receiving a consensus “Moderate Buy” rating and an average price target of $321.07; individual targets range as high as $325.
• Autodesk exceeded quarterly expectations with $2.05 billion in revenue and $3.30 adjusted EPS, but its fiscal third-quarter profit outlook fell below Wall Street estimates, raising concerns about margins, acquisition costs and AI investment.

Alyeska Investment Group L.P. raised its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 248.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 683,227 shares of the software company's stock after buying an additional 487,079 shares during the quarter. Alyeska Investment Group L.P. owned 0.32% of Autodesk worth $132,833,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in ADSK. BlackRock Inc. acquired a new stake in Autodesk in the 2nd quarter worth $4,828,855,000. State Street Corp grew its position in Autodesk by 0.7% during the fourth quarter. State Street Corp now owns 10,157,826 shares of the software company's stock worth $3,006,818,000 after buying an additional 70,053 shares in the last quarter. Geode Capital Management LLC increased its stake in Autodesk by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 5,682,041 shares of the software company's stock valued at $1,677,404,000 after acquiring an additional 123,691 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Autodesk by 5.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,144,627 shares of the software company's stock valued at $752,824,000 after acquiring an additional 155,255 shares during the period. Finally, Bank of America Corp DE acquired a new position in Autodesk in the 2nd quarter valued at approximately $576,727,000. 90.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on ADSK shares. BMO Capital Markets lifted their price objective on Autodesk from $262.00 to $283.00 and gave the stock a "market perform" rating in a report on Friday. Guggenheim upped their target price on Autodesk from $277.00 to $283.00 and gave the company a "buy" rating in a research note on Friday. Bank of America reaffirmed a "buy" rating and issued a $300.00 target price on shares of Autodesk in a research report on Tuesday, May 12th. Citigroup lifted their price target on shares of Autodesk from $252.00 to $269.00 and gave the stock a "neutral" rating in a research note on Thursday, August 20th. Finally, DA Davidson set a $325.00 price objective on shares of Autodesk in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $321.07.

Insider Transactions at Autodesk

In related news, EVP Janesh Moorjani bought 2,500 shares of Autodesk stock in a transaction dated Monday, June 15th. The shares were bought at an average cost 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 of the company's stock, valued at approximately $10,079,786.31. This trade represents a 5.16% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John T. Cahill purchased 2,000 shares of the firm's stock in a transaction dated Tuesday, June 23rd. The shares were bought at an average cost of $189.20 per share, for a total transaction of $378,400.00. Following the completion of the purchase, the director directly owned 4,000 shares of the company's stock, valued at $756,800. The trade was a 100.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.14% of the company's stock.

Autodesk Stock Performance

Shares of NASDAQ:ADSK opened at $260.66 on Friday. The business has a fifty day moving average of $225.93 and a 200-day moving average of $232.29. 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, Inc. has a twelve month low of $185.50 and a twelve month high of $329.09. The firm has a market cap of $55.00 billion, a PE ratio of 33.72, a price-to-earnings-growth ratio of 1.60 and a beta of 1.29.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.12 by $0.18. Autodesk had a net margin of 21.08% and a return on equity of 60.27%. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the company earned $2.62 EPS. The firm's quarterly revenue was up 16.1% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. On average, equities research analysts predict that Autodesk, Inc. will post 9.7 EPS for the current fiscal year.

Key Autodesk News

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Autodesk reported fiscal Q2 revenue of $2.05 billion, up 16% year over year, and adjusted EPS of $3.30, exceeding analyst expectations of $2.01 billion and $3.12, respectively. Growth was supported by strong renewals, cloud sales, construction activity and operating leverage. Autodesk fiscal 2027 second-quarter results
• Positive Sentiment: The company raised fiscal 2027 billings and revenue expectations, with full-year revenue guidance of approximately $8.6 billion to $8.7 billion. Management highlighted artificial intelligence, sales productivity and the MaintainX acquisition as longer-term growth drivers. Autodesk raises fiscal 2027 billings outlook
• Positive Sentiment: Several analysts remain constructive. BTIG reaffirmed a Buy rating with a $300 target, Bank of America maintained its Buy rating and $300 target, while BNP Paribas Exane raised its target to $300. Analysts cited subscription momentum and expectations that margins can improve despite MaintainX-related costs. Analyst rating coverage
• Neutral Sentiment: Autodesk is expanding its AI strategy and operations-management offerings through MaintainX. While these initiatives could broaden the company’s addressable market, investors are assessing execution risks and the timing of financial benefits.
• Negative Sentiment: Fiscal Q3 adjusted EPS guidance of $3.04 to $3.09 was below Wall Street expectations. The outlook for operating margins and costs was also viewed as cautious, raising concerns that acquisition expenses and AI investment could pressure near-term profitability. Autodesk quarterly profit forecast
• Negative Sentiment: The mixed outlook prompted profit-taking after the earnings beat. Although full-year revenue and EPS guidance exceeded some consensus measures, investors appeared more focused on the weaker quarterly profit outlook and margin trajectory.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.