The Manufacturers Life Insurance Company Has $86.40 Million Stock Holdings in Autodesk, Inc. $ADSK

The Manufacturers Life Insurance Company increased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 116.9% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 444,419 shares of the software company’s stock after purchasing an additional 239,524 shares during the quarter. The Manufacturers Life Insurance Company owned 0.21% of Autodesk worth $86,404,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC raised its holdings in shares of Autodesk by 14.5% during the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock worth $343,000 after acquiring an additional 147 shares during the period. Sivia Capital Partners LLC boosted its stake in Autodesk by 98.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock worth $765,000 after purchasing an additional 1,224 shares during the period. Schnieders Capital Management LLC. bought a new position in Autodesk during the 2nd quarter worth about $466,000. Baird Financial Group Inc. increased its holdings in Autodesk by 7.5% during the 2nd quarter. Baird Financial Group Inc. now owns 10,048 shares of the software company’s stock worth $3,111,000 after purchasing an additional 701 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in Autodesk by 25.3% during the 2nd quarter. NewEdge Advisors LLC now owns 13,860 shares of the software company’s stock worth $4,291,000 after purchasing an additional 2,795 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ADSK shares. Wells Fargo & Company cut their price target on Autodesk from $350.00 to $330.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Royal Bank Of Canada decreased their price objective on Autodesk from $335.00 to $305.00 and set an “outperform” rating for the company in a report on Friday, May 29th. UBS Group lifted their target price on Autodesk from $290.00 to $325.00 and gave the company a “buy” rating in a research report on Friday, August 28th. Weiss Ratings upgraded Autodesk from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 31st. Finally, Argus reaffirmed a “buy” rating and set a $355.00 price target on shares of Autodesk in a research report on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Autodesk has an average rating of “Moderate Buy” and a consensus target price of $321.19.

Autodesk Trading Up 0.4%

Shares of NASDAQ:ADSK opened at $212.40 on Friday. The company’s 50-day moving average price is $232.03 and its two-hundred day moving average price is $231.93. Autodesk, Inc. has a one year low of $185.50 and a one year high of $326.71. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market capitalization of $44.39 billion, a PE ratio of 27.48, a price-to-earnings-growth ratio of 1.38 and a beta of 1.31.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, August 27th. The software company reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.18. The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Autodesk had a return on equity of 58.63% and a net margin of 21.08%.Autodesk’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter last year, the company 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. On average, equities analysts forecast that Autodesk, Inc. will post 9.72 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director John Cahill purchased 2,000 shares of the firm’s stock in a transaction on 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 completion of the purchase, the director directly owned 4,000 shares in the company, valued at $756,800. This trade represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Janesh Moorjani purchased 2,500 shares of the stock in a transaction on Monday, June 15th. The shares were bought at an average cost of $197.67 per share, for a total transaction of $494,175.00. Following the transaction, the executive vice president directly owned 50,993 shares in the company, valued at approximately $10,079,786.31. The trade was a 5.16% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.14% of the stock is owned by company insiders.

About Autodesk

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.