Pacific Heights Asset Management LLC Makes New $24.30 Million Investment in Autodesk, Inc. $ADSK

Key Points

• Pacific Heights Asset Management initiated a $24.3 million Autodesk position by purchasing 125,000 shares, while institutional investors collectively own 90.24% of the company.
• Autodesk exceeded quarterly expectations with adjusted EPS of $3.30 and revenue of $2.05 billion, up 16.1% year over year, and raised its fiscal 2027 earnings and revenue outlook.
• Analysts maintain a “Moderate Buy” consensus with an average $322.97 price target, although near-term profit guidance and concerns about AI disruption remain potential risks.

Pacific Heights Asset Management LLC purchased a new position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 125,000 shares of the software company's stock, valued at approximately $24,302,000. Pacific Heights Asset Management LLC owned about 0.06% of Autodesk at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ADSK. Measured Wealth Private Client Group LLC purchased a new position in Autodesk in the third quarter worth $25,000. Kemnay Advisory Services Inc. purchased a new stake in Autodesk during the fourth quarter valued at about $25,000. Torren Management LLC bought a new stake in Autodesk during the fourth quarter worth about $25,000. Archer Investment Corp lifted its stake in Autodesk by 112.2% during the fourth quarter. Archer Investment Corp now owns 87 shares of the software company's stock worth $26,000 after purchasing an additional 46 shares during the last quarter. Finally, Prosperity Bancshares Inc purchased a new position in shares of Autodesk in the 4th quarter worth about $27,000. 90.24% of the stock is owned by institutional investors.

Autodesk Trading Up 6.2%

Shares of ADSK stock opened at $270.58 on Friday. The stock has a market capitalization of $57.09 billion, a PE ratio of 39.44, a P/E/G ratio of 1.56 and a beta of 1.29. Autodesk, Inc. has a 1-year low of $185.50 and a 1-year high of $329.09. The business has a 50-day moving average of $224.60 and a 200 day moving average of $232.09. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.83.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 EPS for the quarter, topping analysts' consensus estimates of $3.12 by $0.18. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The business had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $2.01 billion. During the same period in the previous year, the firm earned $2.62 EPS. The business'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. As a group, sell-side analysts anticipate that Autodesk, Inc. will post 9.7 earnings per share for the current year.

Autodesk News Roundup

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Quarterly results exceeded expectations: Autodesk reported adjusted earnings of $3.30 per share versus the $3.12 consensus estimate, while revenue rose 16.1% year over year to $2.05 billion, ahead of the $2.01 billion forecast. Earnings also increased from $2.62 per share in the prior-year quarter. Autodesk Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Full-year outlook was raised: Autodesk now expects fiscal 2027 adjusted EPS of $12.52-$12.60, above the $12.02 analyst consensus, and revenue of $8.6-$8.7 billion versus the $8.2 billion consensus. The outlook suggests continued demand for its design and engineering software. Autodesk Posts Strong Q2 Results, Raises 2027 Outlook
• Positive Sentiment: Growth remained broad and strategically supported: Management highlighted AI-powered project intelligence and connected data as tools that could improve customer productivity and help address labor shortages. Revenue growth was 14% on a constant-currency basis. Autodesk Fiscal 2027 Second Quarter Results
• Neutral Sentiment: Near-term guidance was mixed: Autodesk forecast third-quarter EPS of $3.04-$3.09 and revenue of approximately $2.1 billion. While some published comparisons show the EPS range above consensus, reports noted that the profit outlook fell short of higher investor expectations, pressuring the shares in after-hours trading. Autodesk Forecasts Quarterly Profit Below Wall Street Estimates
• Negative Sentiment: AI disruption remains a risk: Investors are concerned that rapidly improving AI tools could reduce the value of traditional design-software workflows or increase competitive pressure, making future growth and pricing power less certain. Autodesk Shares Slip as Q3 EPS Guidance Comes in Below Estimates

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Rothschild & Co Redburn reduced their price objective on Autodesk from $375.00 to $360.00 and set a "buy" rating on the stock in a research report on Monday, June 1st. Loop Capital cut their target price on Autodesk from $250.00 to $235.00 and set a "hold" rating for the company in a research note on Friday, May 29th. UBS Group reiterated a "buy" rating and set a $325.00 price target on shares of Autodesk in a research report on Friday. Royal Bank Of Canada decreased their price target on shares of Autodesk from $335.00 to $305.00 and set an "outperform" rating on the stock in a research note on Friday, May 29th. Finally, The Goldman Sachs Group initiated coverage on shares of Autodesk in a report on Tuesday, August 11th. They issued a "neutral" rating and a $260.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $322.97.

Insider Activity at Autodesk

In other news, Director John T. Cahill bought 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 23rd. The shares were bought at an average cost of $189.20 per share, with a total value of $378,400.00. Following the completion of the purchase, the director directly owned 4,000 shares in the company, valued at $756,800. This represents a 100.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, EVP Janesh Moorjani purchased 2,500 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were purchased at an average price of $197.67 per share, with a total value of $494,175.00. Following the completion of the acquisition, 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 ownership of the stock. The SEC filing for this purchase provides additional information. 0.14% of the stock is currently owned by company insiders.

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.

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