WINTON GROUP Ltd Grows Position in Autodesk, Inc. $ADSK

WINTON GROUP Ltd grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 438.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,659 shares of the software company’s stock after purchasing an additional 29,038 shares during the quarter. WINTON GROUP Ltd’s holdings in Autodesk were worth $6,933,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Measured Wealth Private Client Group LLC purchased a new position in Autodesk in the 3rd quarter valued at approximately $25,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Autodesk during the fourth quarter worth $25,000. Prosperity Bancshares Inc bought a new position in shares of Autodesk in the fourth quarter worth $27,000. Swiss RE Ltd. purchased a new position in shares of Autodesk in the fourth quarter valued at $32,000. Finally, Ascentis Independent Advisors bought a new stake in shares of Autodesk during the 1st quarter valued at $28,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Performance

Shares of ADSK opened at $206.62 on Thursday. Autodesk, Inc. has a 12-month low of $185.50 and a 12-month high of $326.71. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.59. The company has a market cap of $43.18 billion, a PE ratio of 26.73, a price-to-earnings-growth ratio of 1.40 and a beta of 1.31. The stock has a 50-day moving average price of $231.84 and a 200-day moving average price of $232.17.

Autodesk (NASDAQ:ADSK) last posted 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. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the prior year, the business earned $2.62 earnings per share. Autodesk’s revenue for the quarter was up 16.1% compared to the same quarter last year. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. As a group, equities analysts forecast that Autodesk, Inc. will post 9.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ADSK has been the subject of a number of recent analyst reports. Weiss Ratings raised Autodesk from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 31st. Morgan Stanley lowered their price target on shares of Autodesk from $350.00 to $315.00 and set an “overweight” rating on the stock in a report on Tuesday, May 26th. Rothschild & Co Redburn cut their price objective on shares of Autodesk from $375.00 to $360.00 and set a “buy” rating for the company in a research report on Monday, June 1st. Wall Street Zen raised shares of Autodesk from a “hold” rating to a “buy” rating in a report on Sunday. Finally, BNP Paribas Exane increased their target price on shares of Autodesk from $295.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Autodesk currently has an average rating of “Moderate Buy” and an average price target of $321.19.

Insiders Place Their Bets

In related news, EVP Janesh Moorjani acquired 2,500 shares of the stock in a transaction dated Monday, June 15th. The shares were purchased at an average price of $197.67 per share, for a total transaction of $494,175.00. Following the transaction, the executive vice president owned 50,993 shares in the company, valued at $10,079,786.31. This represents a 5.16% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John Cahill acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were bought at an average cost of $189.20 per share, with a total value of $378,400.00. Following the completion of the acquisition, the director directly owned 4,000 shares in the company, valued at $756,800. The trade was a 100.00% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.14% of the stock is owned by corporate insiders.

Autodesk Profile

Autodesk, Inc develops software and cloud-based services for people and organizations that design, make and manage products, buildings, infrastructure and digital media. Its tools are used across architecture, engineering, construction, manufacturing, product design, media and entertainment, and related industries.

The company is best known for AutoCAD, its computer-aided design platform. Its broader portfolio includes Revit for building information modeling, Civil 3D for civil engineering, Inventor and Fusion for product design and manufacturing, Maya and 3ds Max for animation and visual effects, and construction-focused products such as Autodesk Construction Cloud.