Healthcare of Ontario Pension Plan Trust Fund Has $16.50 Million Holdings in Autodesk, Inc. $ADSK

Healthcare of Ontario Pension Plan Trust Fund lowered its position in Autodesk, Inc. (NASDAQ:ADSK) by 6.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 68,917 shares of the software company’s stock after selling 4,426 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Autodesk were worth $16,499,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in 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 acquiring an additional 78,928 shares during the last quarter. State Street Corp raised its position in shares of Autodesk by 0.7% in the 4th quarter. State Street Corp now owns 10,157,826 shares of the software company’s stock worth $3,006,818,000 after acquiring an additional 70,053 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Autodesk by 2.2% in the 4th 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 during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Autodesk by 5.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,144,627 shares of the software company’s stock valued at $752,824,000 after purchasing an additional 155,255 shares during the period. Finally, Norges Bank bought a new stake in shares of Autodesk during the 4th quarter valued at about $867,480,000. 90.24% of the stock is owned by institutional investors.

Autodesk Stock Performance

Shares of Autodesk stock opened at $225.91 on Tuesday. The business has a 50-day simple moving average of $214.58 and a 200 day simple moving average of $234.47. Autodesk, Inc. has a one year low of $185.50 and a one year high of $329.09. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market capitalization of $47.67 billion, a price-to-earnings ratio of 32.93, a PEG ratio of 1.29 and a beta of 1.32.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.15. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the prior year, the company earned $2.29 earnings per share. The company’s quarterly 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. On average, research analysts anticipate that Autodesk, Inc. will post 9.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ADSK shares. BNP Paribas Exane assumed coverage on Autodesk in a research note on Thursday, June 18th. They set an “outperform” rating and a $295.00 target price for the company. Jefferies Financial Group raised Autodesk to a “strong-buy” rating in a research note on Tuesday, May 26th. Barclays reduced their price objective on shares of Autodesk from $315.00 to $300.00 and set an “overweight” rating for the company in a research report on Wednesday, May 13th. DA Davidson reiterated a “buy” rating and issued a $325.00 price objective on shares of Autodesk in a research note on Friday, May 29th. Finally, UBS Group reiterated a “buy” rating on shares of Autodesk in a research report on Friday, May 29th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $323.40.

Insider Buying and Selling

In other Autodesk news, Director John T. Cahill acquired 2,000 shares of the stock in a transaction on Tuesday, June 23rd. The shares were purchased at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the completion of the acquisition, the director owned 4,000 shares in the company, valued at approximately $756,800. This represents a 100.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Stacy J. Smith acquired 3,435 shares of the company’s stock in a transaction on Friday, May 29th. The stock was acquired at an average cost of $231.17 per share, for a total transaction of $794,068.95. Following the completion of the purchase, the director directly owned 26,517 shares of the company’s stock, valued at approximately $6,129,934.89. This represents a 14.88% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 7,935 shares of company stock worth $1,666,644 in the last ninety days. Corporate insiders own 0.14% of the company’s stock.

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.