Caisse de depot et placement du Quebec Takes Position in Autodesk, Inc. $ADSK

Caisse de depot et placement du Quebec purchased a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 147,788 shares of the software company’s stock, valued at approximately $28,733,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Torren Management LLC acquired a new position in Autodesk during the fourth quarter worth about $25,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Autodesk in the third quarter valued at about $25,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Autodesk in the fourth quarter valued at approximately $25,000. Archer Investment Corp grew its position in shares of Autodesk by 112.2% in 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 last quarter. Finally, Prosperity Bancshares Inc purchased a new position in shares of Autodesk during the 4th quarter worth approximately $27,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Janesh Moorjani acquired 2,500 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was acquired at an average cost of $197.67 per share, for a total transaction of $494,175.00. Following the acquisition, the executive vice president directly owned 50,993 shares in the company, valued at approximately $10,079,786.31. This represents a 5.16% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John T. Cahill purchased 2,000 shares of the company’s stock in a transaction on Tuesday, June 23rd. The shares were purchased at an average price 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 of the company’s stock, valued at $756,800. The trade was a 100.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.14% of the company’s stock.

Key Headlines Impacting Autodesk

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Autodesk reported fiscal Q2 revenue of $2.05 billion, up 16% year over year, and adjusted EPS of $3.30, exceeding analyst expectations of $2.01 billion and $3.12, respectively. Growth was supported by strong renewals, cloud sales, construction activity and operating leverage. Autodesk fiscal 2027 second-quarter results
• Positive Sentiment: The company raised fiscal 2027 billings and revenue expectations, with full-year revenue guidance of approximately $8.6 billion to $8.7 billion. Management highlighted artificial intelligence, sales productivity and the MaintainX acquisition as longer-term growth drivers. Autodesk raises fiscal 2027 billings outlook
• Positive Sentiment: Several analysts remain constructive. BTIG reaffirmed a Buy rating with a $300 target, Bank of America maintained its Buy rating and $300 target, while BNP Paribas Exane raised its target to $300. Analysts cited subscription momentum and expectations that margins can improve despite MaintainX-related costs. Analyst rating coverage
• Neutral Sentiment: Autodesk is expanding its AI strategy and operations-management offerings through MaintainX. While these initiatives could broaden the company’s addressable market, investors are assessing execution risks and the timing of financial benefits.
• Negative Sentiment: Fiscal Q3 adjusted EPS guidance of $3.04 to $3.09 was below Wall Street expectations. The outlook for operating margins and costs was also viewed as cautious, raising concerns that acquisition expenses and AI investment could pressure near-term profitability. Autodesk quarterly profit forecast
• Negative Sentiment: The mixed outlook prompted profit-taking after the earnings beat. Although full-year revenue and EPS guidance exceeded some consensus measures, investors appeared more focused on the weaker quarterly profit outlook and margin trajectory.

Autodesk Trading Down 3.7%

NASDAQ ADSK opened at $260.66 on Friday. The company has a market cap of $55.00 billion, a P/E ratio of 33.72, a P/E/G ratio of 1.66 and a beta of 1.29. Autodesk, Inc. has a 12 month low of $185.50 and a 12 month high of $329.09. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.83. The company has a 50-day moving average of $225.93 and a 200-day moving average of $232.29.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.12 by $0.18. Autodesk had a net margin of 21.08% and a return on equity of 60.27%. The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period last year, the company earned $2.62 earnings per share. The company’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, equities analysts predict that Autodesk, Inc. will post 9.7 earnings per share for the current year.

Analyst Ratings Changes

ADSK has been the subject of several research reports. The Goldman Sachs Group initiated coverage on Autodesk in a research report on Tuesday, August 11th. They set a “neutral” rating and a $260.00 price objective for the company. Guggenheim increased their target price on Autodesk from $277.00 to $283.00 and gave the company a “buy” rating in a report on Friday. Citigroup raised their price target on Autodesk from $252.00 to $269.00 and gave the stock a “neutral” rating in a research report on Thursday, August 20th. UBS Group boosted their price target on Autodesk from $290.00 to $325.00 and gave the stock a “buy” rating in a report on Friday. Finally, Loop Capital reduced their price objective on Autodesk from $250.00 to $235.00 and set a “hold” rating on the stock in a research report on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Autodesk currently has an average rating of “Moderate Buy” and a consensus price target of $321.07.

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.