Landscape Capital Management L.L.C. Makes New $2.02 Million Investment in Autodesk, Inc. $ADSK

Key Points

• Landscape Capital Management initiated a $2.02 million Autodesk position by purchasing 10,370 shares in the second quarter. Institutional investors collectively own 90.24% of Autodesk.
• Autodesk insiders have also been buying shares, with executives and directors acquiring 7,935 shares worth approximately $1.67 million over the past 90 days.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $321.65 price target. Autodesk recently beat quarterly earnings and revenue estimates, reporting 18.4% year-over-year revenue growth.

Landscape Capital Management L.L.C. purchased a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 10,370 shares of the software company's stock, valued at approximately $2,016,000.

Several other hedge funds also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in shares of Autodesk by 14.5% in the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company's stock valued at $343,000 after buying an additional 147 shares during the period. Sivia Capital Partners LLC boosted its stake in Autodesk by 98.1% during the second quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company's stock valued at $765,000 after buying an additional 1,224 shares in the last quarter. Schnieders Capital Management LLC. acquired a new position in Autodesk during the second quarter worth about $466,000. Baird Financial Group Inc. raised its position in Autodesk by 7.5% in the second quarter. Baird Financial Group Inc. now owns 10,048 shares of the software company's stock worth $3,111,000 after acquiring an additional 701 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in Autodesk by 25.3% in the second quarter. NewEdge Advisors LLC now owns 13,860 shares of the software company's stock worth $4,291,000 after acquiring an additional 2,795 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Autodesk news, EVP Janesh Moorjani bought 2,500 shares of the stock in a transaction on Monday, June 15th. The shares were bought at an average price of $197.67 per share, with a total value of $494,175.00. Following the purchase, the executive vice president directly owned 50,993 shares in the company, valued at $10,079,786.31. The trade was a 5.16% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Stacy J. Smith bought 3,435 shares of the company's stock in a transaction dated Friday, May 29th. The stock was acquired at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the acquisition, the director directly owned 26,517 shares in the company, valued at $6,129,934.89. This trade represents a 14.88% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders acquired 7,935 shares of company stock valued at $1,666,644. Corporate insiders own 0.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Morgan Stanley cut their price target on shares of Autodesk from $350.00 to $315.00 and set an "overweight" rating for the company in a report on Tuesday, May 26th. New Street Research set a $277.00 target price on shares of Autodesk in a report on Thursday. BTIG Research reissued a "buy" rating and set a $300.00 target price on shares of Autodesk in a research note on Friday, May 29th. Guggenheim raised their target price on shares of Autodesk from $245.00 to $277.00 and gave the stock a "buy" rating in a report on Thursday. Finally, BMO Capital Markets decreased their price target on shares of Autodesk from $279.00 to $262.00 and set a "market perform" rating on the stock in a research report on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Autodesk presently has a consensus rating of "Moderate Buy" and a consensus target price of $321.65.

Autodesk Trading Up 1.1%

NASDAQ ADSK opened at $253.82 on Friday. The firm's 50 day moving average price is $219.71 and its two-hundred day moving average price is $231.77. 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 stock has a market cap of $53.56 billion, a price-to-earnings ratio of 37.00, a PEG ratio of 1.55 and a beta of 1.29.

Autodesk (NASDAQ:ADSK - Get Free Report) last released its earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.84 by $0.15. The company had revenue of $1.93 billion during 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 company's revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the company 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. Equities analysts anticipate that Autodesk, Inc. will post 9.7 EPS for the current year.

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.

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