Freestone Grove Partners LP Invests $10.74 Million in Autodesk, Inc. $ADSK

Freestone Grove Partners LP bought a new position in Autodesk, Inc. (NASDAQ:ADSK) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 55,253 shares of the software company’s stock, valued at approximately $10,742,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC purchased a new stake in shares of Autodesk during the 3rd quarter worth about $25,000. Torren Management LLC purchased a new position in Autodesk in the fourth quarter valued at approximately $25,000. Kemnay Advisory Services Inc. purchased a new position in Autodesk in 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 buying an additional 46 shares in the last quarter. Finally, Prosperity Bancshares Inc purchased a new stake in Autodesk during the fourth quarter worth approximately $27,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ADSK. New Street Research set a $277.00 price objective on shares of Autodesk in a research report on Thursday, August 20th. BTIG Research restated a “buy” rating and set a $300.00 target price on shares of Autodesk in a report on Friday, May 29th. Bank of America reaffirmed a “buy” rating and set a $300.00 price target on shares of Autodesk in a research report on Tuesday, May 12th. Morgan Stanley lowered their price target on Autodesk from $350.00 to $315.00 and set an “overweight” rating for the company in a report on Tuesday, May 26th. Finally, Royal Bank Of Canada cut their price objective on Autodesk from $335.00 to $305.00 and set an “outperform” rating on the stock in a research report on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $321.65.

Autodesk Stock Up 6.2%

Shares of NASDAQ:ADSK opened at $270.58 on Friday. The company has a market capitalization of $57.09 billion, a price-to-earnings ratio of 39.44, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29. The company has a 50 day moving average of $224.60 and a two-hundred day moving average of $232.09. Autodesk, Inc. has a 52-week low of $185.50 and a 52-week high of $329.09. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.78.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Thursday, August 27th. The software company reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $3.12 by $0.18. The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.62 earnings per share. 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, analysts forecast that Autodesk, Inc. will post 9.7 earnings per share for the current fiscal year.

Insider Transactions at Autodesk

In other news, Director John T. Cahill acquired 2,000 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The stock was bought at an average cost of $189.20 per share, with a total value of $378,400.00. Following the transaction, the director directly owned 4,000 shares in the company, valued at approximately $756,800. This represents a 100.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Janesh Moorjani bought 2,500 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were acquired at an average cost of $197.67 per share, for a total transaction of $494,175.00. Following the completion of the transaction, the executive vice president 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 position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.14% of the company’s stock.

Key Autodesk News

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Quarterly results exceeded expectations: Autodesk reported adjusted earnings of $3.30 per share versus the $3.12 consensus estimate, while revenue rose 16.1% year over year to $2.05 billion, ahead of the $2.01 billion forecast. Earnings also increased from $2.62 per share in the prior-year quarter. Autodesk Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Full-year outlook was raised: Autodesk now expects fiscal 2027 adjusted EPS of $12.52-$12.60, above the $12.02 analyst consensus, and revenue of $8.6-$8.7 billion versus the $8.2 billion consensus. The outlook suggests continued demand for its design and engineering software. Autodesk Posts Strong Q2 Results, Raises 2027 Outlook
• Positive Sentiment: Growth remained broad and strategically supported: Management highlighted AI-powered project intelligence and connected data as tools that could improve customer productivity and help address labor shortages. Revenue growth was 14% on a constant-currency basis. Autodesk Fiscal 2027 Second Quarter Results
• Neutral Sentiment: Near-term guidance was mixed: Autodesk forecast third-quarter EPS of $3.04-$3.09 and revenue of approximately $2.1 billion. While some published comparisons show the EPS range above consensus, reports noted that the profit outlook fell short of higher investor expectations, pressuring the shares in after-hours trading. Autodesk Forecasts Quarterly Profit Below Wall Street Estimates
• Negative Sentiment: AI disruption remains a risk: Investors are concerned that rapidly improving AI tools could reduce the value of traditional design-software workflows or increase competitive pressure, making future growth and pricing power less certain. Autodesk Shares Slip as Q3 EPS Guidance Comes in Below Estimates

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.