Martingale Asset Management L P Has $19.71 Million Stake in Autodesk, Inc. $ADSK

Martingale Asset Management L P boosted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 12.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,582 shares of the software company’s stock after purchasing an additional 7,218 shares during the period. Martingale Asset Management L P’s holdings in Autodesk were worth $19,709,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Torren Management LLC acquired a new stake in shares of Autodesk in the 4th quarter valued at $25,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Autodesk in the 3rd quarter valued at $25,000. Archer Investment Corp increased its stake in shares of Autodesk by 112.2% in the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after buying an additional 46 shares during the period. Swiss RE Ltd. acquired a new stake in shares of Autodesk in the 4th quarter valued at $32,000. Finally, High Point Wealth Management LLC acquired a new stake in shares of Autodesk in the 4th quarter valued at $44,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. UBS Group reissued a “buy” rating on shares of Autodesk in a research note on Friday, May 29th. Bank of America reissued a “buy” rating and issued a $300.00 target price on shares of Autodesk in a research note on Tuesday, May 12th. DA Davidson reissued a “buy” rating and issued a $325.00 target price on shares of Autodesk in a research note on Friday, May 29th. Stifel Nicolaus lowered their target price on Autodesk from $375.00 to $285.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. Finally, Robert W. Baird lowered their target price on Autodesk from $355.00 to $312.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $327.21.

Insider Activity at Autodesk

In other news, Director Stacy J. Smith purchased 3,435 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were bought at an average cost of $231.17 per share, for a total transaction of $794,068.95. Following the completion of the acquisition, the director directly owned 26,517 shares in the company, valued at approximately $6,129,934.89. This trade represents a 14.88% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is currently owned by company insiders.

Autodesk Stock Down 3.5%

Shares of ADSK stock opened at $198.43 on Friday. Autodesk, Inc. has a 12-month low of $194.47 and a 12-month high of $329.09. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.78. The firm has a fifty day moving average of $235.55 and a 200-day moving average of $255.52. The company has a market capitalization of $41.87 billion, a price-to-earnings ratio of 28.93, a P/E/G ratio of 1.27 and a beta of 1.29.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.89 billion. During the same period last year, the business posted $2.29 earnings per share. The firm’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. As a group, equities research analysts predict that Autodesk, Inc. will post 9.64 earnings per share for the current fiscal year.

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.