Man Group plc Makes New $216.13 Million Investment in Autodesk, Inc. $ADSK

Man Group plc purchased a new position 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 purchased 1,111,657 shares of the software company’s stock, valued at approximately $216,128,000.

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ADSK. BTIG Research reiterated a “buy” rating and set a $300.00 target price on shares of Autodesk in a report on Friday, May 29th. Royal Bank Of Canada dropped their price target on shares of Autodesk from $335.00 to $305.00 and set an “outperform” rating for the company in a research note on Friday, May 29th. Rosenblatt Securities reaffirmed a “buy” rating and set a $330.00 price objective on shares of Autodesk in a research report on Monday, June 1st. The Goldman Sachs Group initiated coverage on Autodesk in a research note on Tuesday, August 11th. They issued a “neutral” rating and a $260.00 price objective on the stock. Finally, Rothschild & Co Redburn decreased their target price on Autodesk from $375.00 to $360.00 and set a “buy” rating for the company in a report on Monday, June 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $321.65.

Insider Buying and Selling

In other news, EVP Janesh Moorjani bought 2,500 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was purchased at an average price of $197.67 per share, for a total transaction of $494,175.00. Following the completion of the purchase, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John T. Cahill bought 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was acquired at an average cost of $189.20 per share, for a total transaction of $378,400.00. Following the acquisition, 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. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders bought 7,935 shares of company stock worth $1,666,644. Corporate insiders own 0.14% of the company’s stock.

Autodesk Stock Down 1.3%

Shares of NASDAQ:ADSK opened at $251.21 on Wednesday. Autodesk, Inc. has a fifty-two week low of $185.50 and a fifty-two week high of $329.09. The firm’s 50 day moving average price is $221.83 and its 200 day moving average price is $231.76. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.78. The stock has a market cap of $53.01 billion, a price-to-earnings ratio of 36.62, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, topping the consensus estimate of $2.84 by $0.15. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the previous year, the business posted $2.29 EPS. The firm’s revenue was up 18.4% on a year-over-year basis. 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 research analysts predict that Autodesk, Inc. will post 9.7 earnings per share 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.