VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $11.47 Million Investment in Autodesk, Inc. $ADSK

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 58,985 shares of the software company’s stock, valued at approximately $11,468,000.

Other hedge funds also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC purchased a new position in shares of Autodesk in the third quarter worth $25,000. Kemnay Advisory Services Inc. bought a new position in shares of Autodesk during the fourth quarter valued at $25,000. Prosperity Bancshares Inc purchased a new stake in shares of Autodesk during the fourth quarter valued at $27,000. Ascentis Independent Advisors purchased a new stake in shares of Autodesk during the first quarter valued at $28,000. Finally, Johnson Financial Group Inc. bought a new stake in Autodesk in the 2nd quarter worth about $30,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Price Performance

NASDAQ ADSK opened at $212.21 on Wednesday. Autodesk, Inc. has a 52 week low of $185.50 and a 52 week high of $326.87. The firm has a market capitalization of $44.35 billion, a P/E ratio of 27.45, a PEG ratio of 1.43 and a beta of 1.31. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.59. The company has a 50-day moving average price of $231.71 and a 200-day moving average price of $232.33.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, August 27th. The software company reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.12 by $0.18. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. The business’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.62 EPS. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. Equities research analysts anticipate that Autodesk, Inc. will post 9.64 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ADSK. BMO Capital Markets upped their target price on shares of Autodesk from $262.00 to $283.00 and gave the company a “market perform” rating in a research note on Friday, August 28th. DA Davidson set a $325.00 price target on shares of Autodesk in a research note on Friday, August 28th. Weiss Ratings raised shares of Autodesk from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 31st. The Goldman Sachs Group began coverage on shares of Autodesk in a research report on Tuesday, August 11th. They set a “neutral” rating and a $260.00 price objective on the stock. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Autodesk in a research report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $321.19.

Insider Activity at Autodesk

In related news, EVP Janesh Moorjani acquired 2,500 shares of Autodesk stock in a transaction dated Monday, June 15th. The stock was purchased at an average cost of $197.67 per share, for a total transaction of $494,175.00. Following the purchase, the executive vice president directly owned 50,993 shares of the company’s stock, 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 SEC, which is accessible through this link. Also, Director John T. Cahill acquired 2,000 shares of Autodesk stock in a transaction dated Tuesday, June 23rd. The stock was bought 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 in the company, valued at $756,800. This represents a 100.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.14% of the stock is currently owned by company insiders.

Autodesk Company 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.