United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Purchases New Stake in Autodesk, Inc. $ADSK

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the 2nd quarter, HoldingsChannel reports. The fund acquired 1,800 shares of the software company’s stock, valued at approximately $557,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Autodesk by 0.9% in the second quarter. Vanguard Group Inc. now owns 20,963,515 shares of the software company’s stock valued at $6,489,675,000 after buying an additional 180,596 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Autodesk by 15.1% in the second quarter. Geode Capital Management LLC now owns 5,606,264 shares of the software company’s stock valued at $1,730,415,000 after purchasing an additional 734,449 shares during the period. Ninety One UK Ltd grew its holdings in Autodesk by 3.7% during the 2nd quarter. Ninety One UK Ltd now owns 5,338,125 shares of the software company’s stock valued at $1,652,523,000 after purchasing an additional 191,448 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Autodesk by 13.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,454,264 shares of the software company’s stock worth $904,326,000 after buying an additional 400,514 shares during the period. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in Autodesk by 44.1% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,318,319 shares of the software company’s stock worth $868,736,000 after buying an additional 1,016,187 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ADSK. Macquarie raised their target price on Autodesk from $380.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday. Berenberg Bank set a $370.00 price objective on Autodesk in a research note on Monday, September 1st. Deutsche Bank Aktiengesellschaft raised Autodesk from a “hold” rating to a “buy” rating and upped their target price for the company from $345.00 to $375.00 in a research report on Wednesday. Morgan Stanley lifted their price target on Autodesk from $370.00 to $385.00 and gave the stock an “overweight” rating in a research note on Sunday, August 31st. Finally, Piper Sandler boosted their target price on shares of Autodesk from $361.00 to $373.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Autodesk currently has an average rating of “Moderate Buy” and an average target price of $364.24.

Insider Buying and Selling at Autodesk

In other news, EVP Steven M. Blum sold 22,420 shares of the firm’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $323.75, for a total transaction of $7,258,475.00. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Rebecca Pearce sold 6,129 shares of Autodesk stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $323.06, for a total value 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 $4,300,251.66. This represents a 31.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 35,386 shares of company stock valued at $11,433,201 over the last quarter. Company insiders own 0.15% of the company’s stock.

Autodesk Stock Up 2.4%

Autodesk stock opened at $301.38 on Thursday. The stock has a market cap of $64.19 billion, a price-to-earnings ratio of 62.40, a PEG ratio of 2.63 and a beta of 1.51. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.91. Autodesk, Inc. has a 52 week low of $232.67 and a 52 week high of $329.09. The company’s 50-day moving average price is $307.02 and its two-hundred day moving average price is $302.85.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Tuesday, November 25th. The software company reported $2.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $0.17. Autodesk had a return on equity of 51.23% and a net margin of 15.75%.The company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same period last year, the firm earned $2.17 EPS. The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS. Q4 2026 guidance at 2.590-2.67 EPS. On average, analysts expect that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Autodesk Company 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.