Healthcare of Ontario Pension Plan Trust Fund Sells 4,426 Shares of Autodesk, Inc. $ADSK

Healthcare of Ontario Pension Plan Trust Fund reduced its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 6.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 68,917 shares of the software company’s stock after selling 4,426 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Autodesk were worth $16,499,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Renaissance Technologies LLC grew its stake in Autodesk by 591.3% during the first quarter. Renaissance Technologies LLC now owns 285,688 shares of the software company’s stock worth $68,394,000 after buying an additional 244,360 shares in the last quarter. Modern Wealth Management LLC lifted its holdings in shares of Autodesk by 18.8% during the 1st quarter. Modern Wealth Management LLC now owns 2,636 shares of the software company’s stock worth $627,000 after acquiring an additional 418 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Autodesk by 5.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,144,627 shares of the software company’s stock worth $752,824,000 after acquiring an additional 155,255 shares during the period. Mizuho Markets Americas LLC acquired a new stake in shares of Autodesk during the 1st quarter worth approximately $366,000. Finally, Gibbs Wealth Management boosted its position in shares of Autodesk by 271.8% during the 1st quarter. Gibbs Wealth Management now owns 7,276 shares of the software company’s stock worth $1,742,000 after acquiring an additional 5,319 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on ADSK shares. Rosenblatt Securities restated a “buy” rating and set a $330.00 price objective on shares of Autodesk in a research report on Monday, June 1st. Loop Capital reduced their target price on Autodesk from $250.00 to $235.00 and set a “hold” rating on the stock in a report on Friday, May 29th. BNP Paribas Exane started coverage on Autodesk in a research note on Thursday, June 18th. They issued an “outperform” rating and a $295.00 price target on the stock. Royal Bank Of Canada lowered their price target on Autodesk from $335.00 to $305.00 and set an “outperform” rating for the company in a report on Friday, May 29th. Finally, Citigroup upped their price objective on Autodesk from $246.00 to $252.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $323.40.

Insider Transactions at Autodesk

In other news, EVP Janesh Moorjani purchased 2,500 shares of Autodesk stock in a transaction dated Monday, June 15th. The shares were bought at an average cost of $197.67 per share, for a total transaction of $494,175.00. Following the completion of the acquisition, the executive vice president owned 50,993 shares in the company, valued at approximately $10,079,786.31. This trade represents a 5.16% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stacy J. Smith acquired 3,435 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was acquired at an average price of $231.17 per share, with a total value of $794,068.95. Following the acquisition, the director owned 26,517 shares in the company, valued at $6,129,934.89. The trade was a 14.88% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have bought 7,935 shares of company stock worth $1,666,644. Insiders own 0.14% of the company’s stock.

Autodesk Stock Performance

NASDAQ ADSK opened at $225.91 on Tuesday. The firm’s fifty day moving average price is $214.58 and its two-hundred day moving average price is $234.47. The stock has a market cap of $47.67 billion, a PE ratio of 32.93, a PEG ratio of 1.29 and a beta of 1.32. 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 fifty-two week low of $185.50 and a fifty-two week high of $329.09.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.15. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the prior year, the company earned $2.29 EPS. Autodesk’s revenue was up 18.4% compared to the same quarter last year. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. On average, equities analysts expect that Autodesk, Inc. will post 9.64 EPS for the current fiscal 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.