VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Autodesk, Inc. $ADSK

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,400 shares of the software company's stock, valued at approximately $1,053,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ADSK. Brighton Jones LLC grew its holdings in shares of Autodesk by 14.5% during the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company's stock worth $343,000 after purchasing an additional 147 shares during the last quarter. GAMMA Investing LLC boosted its position in Autodesk by 5.4% during the 1st quarter. GAMMA Investing LLC now owns 5,617 shares of the software company's stock worth $1,471,000 after buying an additional 290 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in Autodesk by 1.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,617 shares of the software company's stock worth $3,565,000 after acquiring an additional 229 shares during the last quarter. Asset Management One Co. Ltd. increased its position in Autodesk by 8.5% in the 1st quarter. Asset Management One Co. Ltd. now owns 90,788 shares of the software company's stock valued at $23,768,000 after acquiring an additional 7,119 shares during the period. Finally, Legacy Advisors LLC raised its stake in shares of Autodesk by 7.8% during the first quarter. Legacy Advisors LLC now owns 1,059 shares of the software company's stock valued at $277,000 after acquiring an additional 77 shares during the last quarter. Institutional investors own 90.24% of the company's stock.

Insider Activity at Autodesk

In other news, EVP Steven M. Blum sold 22,420 shares of the company's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $323.75, for a total transaction of $7,258,475.00. Following the transaction, the executive vice president owned 13,099 shares in the company, valued at approximately $4,240,801.25. This represents a 63.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Rebecca Pearce sold 6,129 shares of the stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $323.06, for a total transaction of $1,980,034.74. Following the transaction, the executive vice president directly owned 13,311 shares in the company, valued at $4,300,251.66. This trade represents a 31.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,386 shares of company stock worth $11,433,201 over the last quarter. 0.15% of the stock is currently owned by insiders.

Autodesk Stock Up 0.5%

Shares of NASDAQ:ADSK opened at $309.84 on Friday. Autodesk, Inc. has a 1 year low of $232.67 and a 1 year high of $329.09. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.76. The business's 50-day moving average is $310.85 and its 200-day moving average is $297.06. The company has a market capitalization of $66.00 billion, a price-to-earnings ratio of 64.15, a P/E/G ratio of 2.73 and a beta of 1.49.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its earnings results on Thursday, August 28th. The software company reported $1.46 earnings per share for the quarter, missing analysts' consensus estimates of $2.45 by ($0.99). The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.72 billion. Autodesk had a return on equity of 51.23% and a net margin of 15.75%.The company's revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. Equities research analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on ADSK. Royal Bank Of Canada reissued an "outperform" rating and issued a $380.00 price objective on shares of Autodesk in a research note on Monday, October 6th. Oppenheimer lifted their target price on Autodesk from $350.00 to $375.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. Wall Street Zen cut Autodesk from a "strong-buy" rating to a "buy" rating in a research note on Sunday, September 28th. Hsbc Global Res raised Autodesk from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 1st. Finally, Macquarie lifted their price objective on Autodesk from $360.00 to $380.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $359.13.

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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