ARK Investment Management LLC Purchases 1,162 Shares of Autodesk, Inc. $ADSK

Key Points

• ARK Investment Management LLC increased its stake in Autodesk, Inc. by 9.7% during Q2, acquiring an additional 1,162 shares, bringing its total holdings to 13,157 shares valued at approximately $4.07 million.
• Several other hedge funds also significantly increased their positions in Autodesk, with institutional investors owning 90.24% of the company's stock.
• Autodesk reported a Q2 EPS of $1.46, missing estimates by $0.99, while revenue grew 17.1% year-over-year, prompting a variety of analyst ratings ranging from "hold" to "strong-buy".

ARK Investment Management LLC grew its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 9.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,157 shares of the software company's stock after acquiring an additional 1,162 shares during the quarter. ARK Investment Management LLC's holdings in Autodesk were worth $4,073,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ADSK. Nuveen LLC bought a new stake in shares of Autodesk in the 1st quarter worth approximately $278,383,000. T. Rowe Price Investment Management Inc. lifted its position in shares of Autodesk by 44.1% in the 1st 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 lifted its position in shares of Autodesk by 336.7% in the 1st 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 lifted its position in shares of Autodesk by 13.1% in the 1st 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 acquiring an additional 400,514 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Autodesk by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 20,782,919 shares of the software company's stock worth $5,440,968,000 after acquiring an additional 397,458 shares during the period. Institutional investors own 90.24% of the company's stock.

Autodesk Trading Down 0.8%

Shares of ADSK opened at $308.15 on Thursday. The stock has a fifty day moving average price of $310.33 and a two-hundred day moving average price of $296.60. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.76 and a current ratio of 0.76. Autodesk, Inc. has a 52-week low of $232.67 and a 52-week high of $329.09. The company has a market cap of $65.64 billion, a price-to-earnings ratio of 63.80, a PEG ratio of 2.75 and a beta of 1.49.

Autodesk (NASDAQ:ADSK - Get Free Report) last released its earnings results 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 firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.72 billion. Autodesk had a net margin of 15.75% and a return on equity of 51.23%. The firm's quarterly revenue was up 17.1% on a year-over-year basis. During the same period last year, the business posted $2.15 earnings per share. Autodesk has set its FY 2026 guidance at 9.800-9.980 EPS. Q3 2026 guidance at 2.480-2.510 EPS. Analysts predict that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Insider Transactions at Autodesk

In other news, EVP Rebecca Pearce sold 6,129 shares of Autodesk stock in a transaction on 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 completion of the sale, the executive vice president directly owned 13,311 shares of the company's stock, valued at approximately $4,300,251.66. This trade represents a 31.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ruth Ann Keene sold 2,761 shares of Autodesk stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total value of $869,991.10. Following the completion of the sale, the executive vice president directly owned 80,255 shares of the company's stock, valued at $25,288,350.50. This trade represents a 3.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,386 shares of company stock valued at $11,433,201 over the last quarter. Corporate insiders own 0.15% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on ADSK shares. Weiss Ratings restated a "hold (c+)" rating on shares of Autodesk in a research report on Wednesday, October 8th. Berenberg Bank set a $370.00 target price on Autodesk in a research report on Monday, September 1st. Oppenheimer raised their target price on Autodesk from $350.00 to $375.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Hsbc Global Res upgraded Autodesk from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 1st. Finally, Wall Street Zen downgraded Autodesk from a "strong-buy" rating to a "buy" rating in a research report on Sunday, September 28th. One investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $359.13.

About Autodesk

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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