Magnetar Financial LLC Acquires Shares of 10,474 Autodesk, Inc. $ADSK

Magnetar Financial LLC bought a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,474 shares of the software company’s stock, valued at approximately $3,242,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ADSK. Brighton Jones LLC increased its holdings in Autodesk by 14.5% during the 4th 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. AE Wealth Management LLC grew its position in shares of Autodesk by 16.0% during the first quarter. AE Wealth Management LLC now owns 2,016 shares of the software company’s stock worth $528,000 after buying an additional 278 shares in the last quarter. Avantax Advisory Services Inc. increased its stake in shares of Autodesk by 4.7% in the first quarter. Avantax Advisory Services Inc. now owns 5,258 shares of the software company’s stock worth $1,377,000 after buying an additional 238 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of Autodesk by 4.2% in the first quarter. Cetera Investment Advisers now owns 66,951 shares of the software company’s stock worth $17,528,000 after buying an additional 2,689 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in Autodesk by 5.7% in the first quarter. Assetmark Inc. now owns 22,279 shares of the software company’s stock valued at $5,833,000 after acquiring an additional 1,200 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $290.80 on Friday. 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 firm has a market capitalization of $61.94 billion, a PE ratio of 60.21, a P/E/G ratio of 2.63 and a beta of 1.51. Autodesk, Inc. has a 1-year low of $232.67 and a 1-year high of $329.09. The business’s fifty day moving average price is $308.49 and its two-hundred day moving average price is $302.67.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, August 28th. The software company reported $1.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($0.99). The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.72 billion. Autodesk had a net margin of 15.75% and a return on equity of 51.23%. The business’s revenue was up 17.1% compared to the same quarter last year. During the same period last year, the firm posted $2.15 EPS. Autodesk has set its FY 2026 guidance at 9.800-9.980 EPS. Q3 2026 guidance at 2.480-2.510 EPS. On average, research analysts expect that Autodesk, Inc. will post 5.76 EPS for the current year.

Analysts Set New Price Targets

ADSK has been the subject of several recent analyst reports. Stifel Nicolaus raised their price objective on shares of Autodesk from $350.00 to $375.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Oppenheimer lifted their price target on Autodesk from $350.00 to $375.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Rosenblatt Securities upped their price objective on Autodesk from $345.00 to $355.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Wells Fargo & Company increased their target price on Autodesk from $360.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Finally, Berenberg Bank set a $370.00 price target on Autodesk in a report on Monday, September 1st. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $358.30.

Insider Activity

In other news, EVP Rebecca Pearce sold 6,129 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president directly owned 13,311 shares in the company, valued at approximately $4,300,251.66. The trade was a 31.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Steven M. Blum sold 22,420 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $323.75, for a total value of $7,258,475.00. Following the completion of the transaction, the executive vice president directly owned 13,099 shares of the company’s stock, valued at $4,240,801.25. This trade represents a 63.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 35,386 shares of company stock worth $11,433,201 in the last quarter. Company insiders own 0.15% of the company’s stock.

Autodesk 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.