Plato Investment Management Ltd Takes $1.70 Million Position in Autodesk, Inc. $ADSK

Plato Investment Management Ltd acquired a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,804 shares of the software company's stock, valued at approximately $1,702,000.

Several other large investors also recently bought and sold shares of the business. Torren Management LLC purchased a new stake in shares of Autodesk during the 4th quarter valued at about $25,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Autodesk during the third quarter valued at approximately $25,000. Kemnay Advisory Services Inc. purchased a new position in shares of Autodesk during the fourth quarter valued at approximately $25,000. Archer Investment Corp lifted its position in Autodesk by 112.2% during the fourth quarter. Archer Investment Corp now owns 87 shares of the software company's stock valued at $26,000 after purchasing an additional 46 shares during the period. Finally, Prosperity Bancshares Inc bought a new position in Autodesk during the fourth quarter valued at approximately $27,000. 90.24% of the stock is currently owned by institutional investors.

Insider Transactions at Autodesk

In related news, Director John T. Cahill purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The stock was bought at an average cost of $189.20 per share, for a total transaction of $378,400.00. Following the completion of the transaction, 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Janesh Moorjani acquired 2,500 shares of the business's stock in a transaction on Monday, June 15th. The shares were purchased at an average price of $197.67 per share, for a total transaction of $494,175.00. Following the transaction, the executive vice president directly owned 50,993 shares of the company's stock, valued at approximately $10,079,786.31. The trade was a 5.16% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders purchased 7,935 shares of company stock worth $1,666,644. 0.14% of the stock is currently owned by company insiders.

Autodesk Stock Down 4.0%

NASDAQ ADSK opened at $241.64 on Tuesday. The stock has a 50 day moving average price of $216.64 and a 200-day moving average price of $231.81. Autodesk, Inc. has a one year low of $185.50 and a one year high of $329.09. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 0.83. The company has a market capitalization of $50.99 billion, a P/E ratio of 35.22, a P/E/G ratio of 1.54 and a beta of 1.29.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.15. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The company had revenue of $1.93 billion for the quarter, compared to analysts' expectations of $1.89 billion. During the same quarter in the previous year, the business posted $2.29 earnings per share. Autodesk's quarterly revenue was up 18.4% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. As a group, equities analysts predict that Autodesk, Inc. will post 9.7 EPS for the current fiscal year.

Analyst Ratings Changes

ADSK has been the subject of a number of research analyst reports. Barclays cut their target price on shares of Autodesk from $315.00 to $300.00 and set an "overweight" rating for the company in a research report on Wednesday, May 13th. Rothschild & Co Redburn lowered their price target on Autodesk from $375.00 to $360.00 and set a "buy" rating on the stock in a report on Monday, June 1st. Royal Bank Of Canada dropped their price target on Autodesk from $335.00 to $305.00 and set an "outperform" rating on the stock in a research note on Friday, May 29th. DA Davidson reaffirmed a "buy" rating and issued a $325.00 price objective on shares of Autodesk in a report on Friday, May 29th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $330.00 price objective on shares of Autodesk in a research report on Monday, June 1st. Three 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 company. Based on data from MarketBeat.com, Autodesk currently has an average rating of "Moderate Buy" and an average target price of $321.07.

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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