CTC Alternative Strategies Ltd. Takes $1.03 Million Position in Autodesk, Inc. $ADSK

CTC Alternative Strategies Ltd. purchased a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,320 shares of the software company’s stock, valued at approximately $1,034,000. Autodesk makes up approximately 2.3% of CTC Alternative Strategies Ltd.’s investment portfolio, making the stock its 10th largest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Torren Management LLC purchased a new stake in Autodesk in the 4th quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC acquired a new position in Autodesk during the 3rd quarter worth approximately $25,000. Kemnay Advisory Services Inc. purchased a new position in shares of Autodesk during the 4th quarter worth approximately $25,000. Archer Investment Corp raised its stake in shares of Autodesk by 112.2% during the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after buying an additional 46 shares in the last quarter. Finally, Prosperity Bancshares Inc acquired a new stake in shares of Autodesk in the 4th quarter valued at approximately $27,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Activity

In other news, Director Stacy J. Smith purchased 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 completion of the transaction, the director directly owned 26,517 shares in the company, valued at $6,129,934.89. This represents a 14.88% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director John T. Cahill purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The shares were purchased at an average cost of $189.20 per share, with a total value of $378,400.00. Following the purchase, the director directly owned 4,000 shares in the company, valued at approximately $756,800. The trade was a 100.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought a total of 7,935 shares of company stock worth $1,666,644 over the last 90 days. 0.14% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ADSK has been the topic of a number of analyst reports. BTIG Research restated a “buy” rating and issued a $300.00 price target on shares of Autodesk in a research note on Friday, May 29th. Morgan Stanley reduced their target price on Autodesk from $350.00 to $315.00 and set an “overweight” rating for the company in a report on Tuesday, May 26th. Weiss Ratings lowered shares of Autodesk from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 10th. Loop Capital lowered their price target on shares of Autodesk from $250.00 to $235.00 and set a “hold” rating on the stock in a research note on Friday, May 29th. Finally, UBS Group reiterated a “buy” rating on shares of Autodesk in a report on Friday, May 29th. Three investment 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $323.40.

Autodesk Stock Performance

ADSK opened at $234.20 on Friday. Autodesk, Inc. has a 1-year low of $185.50 and a 1-year high of $329.09. The stock has a market cap of $49.42 billion, a P/E ratio of 34.14, a P/E/G ratio of 1.45 and a beta of 1.32. The stock’s 50 day simple moving average is $214.23 and its 200 day simple moving average is $233.57. 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) last issued its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.15. The firm had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.Autodesk’s revenue was up 18.4% on a year-over-year basis. During the same period in the previous year, the firm posted $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. As a group, equities analysts anticipate that Autodesk, Inc. will post 9.64 EPS for the current fiscal year.

About Autodesk

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.