USS Investment Management Ltd Sells 3,815 Shares of Autodesk, Inc. $ADSK

USS Investment Management Ltd lessened its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 8.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,490 shares of the software company’s stock after selling 3,815 shares during the period. USS Investment Management Ltd’s holdings in Autodesk were worth $9,454,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Autodesk by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 21,493,167 shares of the software company’s stock valued at $6,362,192,000 after buying an additional 78,928 shares during the last quarter. State Street Corp raised its holdings in shares of Autodesk by 0.7% in the fourth quarter. State Street Corp now owns 10,157,826 shares of the software company’s stock valued at $3,006,818,000 after purchasing an additional 70,053 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Autodesk by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 5,682,041 shares of the software company’s stock valued at $1,677,404,000 after purchasing an additional 123,691 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Autodesk by 46.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,989,372 shares of the software company’s stock valued at $884,884,000 after purchasing an additional 952,343 shares in the last quarter. Finally, Norges Bank purchased a new position in Autodesk during the fourth quarter worth about $867,480,000. Institutional investors own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on ADSK. Wells Fargo & Company dropped their target price on shares of Autodesk from $350.00 to $330.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Arete Research dropped their price target on Autodesk from $460.00 to $456.00 and set a “buy” rating on the stock in a report on Thursday, March 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Autodesk in a research report on Wednesday, June 3rd. Piper Sandler lowered their target price on Autodesk from $383.00 to $369.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. Finally, BTIG Research reissued a “buy” rating and issued a $300.00 price target on shares of Autodesk in a report on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Autodesk presently has an average rating of “Moderate Buy” and an average price target of $326.10.

Autodesk Stock Performance

Shares of ADSK stock opened at $199.76 on Thursday. The stock has a market capitalization of $42.15 billion, a P/E ratio of 29.12, a PEG ratio of 1.20 and a beta of 1.32. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78. The firm’s 50 day moving average is $224.89 and its 200 day moving average is $245.32. Autodesk, Inc. has a 12 month low of $185.50 and a 12 month high of $329.09.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.15. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period in the previous year, the business earned $2.29 EPS. Autodesk’s revenue was up 18.4% compared to the same quarter last year. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. On average, sell-side analysts anticipate that Autodesk, Inc. will post 9.64 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director John T. Cahill purchased 2,000 shares of Autodesk stock in a transaction dated Tuesday, June 23rd. The stock was purchased at an average cost of $189.20 per share, for a total transaction of $378,400.00. Following the transaction, the director directly owned 4,000 shares of the company’s stock, valued at approximately $756,800. This trade represents a 100.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Janesh Moorjani purchased 2,500 shares of the business’s stock in a transaction on Monday, June 15th. The stock was bought at an average cost of $197.67 per share, with a total value of $494,175.00. Following the purchase, the executive vice president owned 50,993 shares in the company, valued at approximately $10,079,786.31. This represents a 5.16% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 7,935 shares of company stock worth $1,666,644 in the last three months. 0.14% of the stock is currently owned by corporate insiders.

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.