Applied Finance Capital Management LLC Acquires Shares of 2,826 Autodesk, Inc. $ADSK

Key Points

• Applied Finance Capital Management LLC has acquired 2,826 shares of Autodesk, Inc., valued at approximately $875,000, enhancing its stake in the software company.
• Institutional investors own 90.24% of Autodesk's stock, indicating a strong interest from larger market players, with several firms significantly increasing their holdings recently.
• Analysts have raised their price targets for Autodesk, with Oppenheimer setting a new target at $375.00, signaling a positive outlook on the stock's performance.

Applied Finance Capital Management LLC acquired a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,826 shares of the software company's stock, valued at approximately $875,000.

A number of other large investors have also recently made changes to their positions in ADSK. Nuveen LLC bought a new position in shares of Autodesk in the first quarter worth $278,383,000. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Autodesk by 44.1% in the first quarter. T. Rowe Price Investment Management Inc. now owns 3,318,319 shares of the software company's stock worth $868,736,000 after acquiring an additional 1,016,187 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Autodesk by 336.7% in the first quarter. AQR Capital Management LLC now owns 572,701 shares of the software company's stock worth $147,339,000 after acquiring an additional 441,571 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Autodesk by 13.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,454,264 shares of the software company's stock worth $904,326,000 after buying an additional 400,514 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Autodesk by 1.9% in the first quarter. Vanguard Group Inc. now owns 20,782,919 shares of the software company's stock worth $5,440,968,000 after buying an additional 397,458 shares in the last quarter. 90.24% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Rebecca Pearce sold 6,129 shares of Autodesk stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $323.06, for a total value of $1,980,034.74. Following the transaction, the executive vice president owned 13,311 shares in the company, valued at approximately $4,300,251.66. The trade was a 31.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ayanna Howard sold 3,159 shares of Autodesk stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $325.00, for a total value of $1,026,675.00. Following the completion of the transaction, the director owned 4,393 shares in the company, valued at approximately $1,427,725. This represents a 41.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,386 shares of company stock worth $11,433,201 in the last ninety days. Corporate insiders own 0.15% of the company's stock.

Wall Street Analysts Forecast Growth

ADSK has been the topic of a number of recent analyst reports. Oppenheimer increased their price objective on Autodesk from $350.00 to $375.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Loop Capital initiated coverage on Autodesk in a research report on Monday, July 21st. They issued a "hold" rating and a $320.00 price objective on the stock. Morgan Stanley increased their price objective on Autodesk from $370.00 to $385.00 and gave the stock an "overweight" rating in a research report on Sunday, August 31st. Wells Fargo & Company increased their price objective on Autodesk from $360.00 to $375.00 and gave the stock an "overweight" rating in a research report on Friday, August 29th. Finally, Rosenblatt Securities raised their price target on Autodesk from $345.00 to $355.00 and gave the company a "buy" rating in a research report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $359.13.

Autodesk Trading Up 1.3%

NASDAQ ADSK opened at $303.66 on Friday. The company has a market capitalization of $64.68 billion, a price-to-earnings ratio of 62.87, a PEG ratio of 2.66 and a beta of 1.49. The stock's 50-day simple moving average is $308.89 and its two-hundred day simple moving average is $295.53. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.91. Autodesk, Inc. has a twelve month low of $232.67 and a twelve month high of $329.09.

Autodesk (NASDAQ:ADSK - Get Free Report) last released its quarterly earnings data on Thursday, August 28th. The software company reported $1.46 EPS for the quarter, missing the consensus estimate of $2.45 by ($0.99). The company had revenue of $1.76 billion during the quarter, compared to analysts' expectations of $1.72 billion. Autodesk had a return on equity of 51.23% and a net margin of 15.75%.The firm's quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.15 EPS. Autodesk has set its FY 2026 guidance at 9.800-9.980 EPS. Q3 2026 guidance at 2.480-2.510 EPS. Research analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Autodesk Company Profile

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.

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