Acadian Asset Management LLC Raises Stock Holdings in Autodesk, Inc. $ADSK

Acadian Asset Management LLC lifted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 549.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 307,959 shares of the software company’s stock after acquiring an additional 260,529 shares during the period. Acadian Asset Management LLC owned 0.14% of Autodesk worth $95,315,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Autodesk by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 20,782,919 shares of the software company’s stock worth $5,440,968,000 after purchasing an additional 397,458 shares during the last quarter. Ninety One UK Ltd boosted its position in Autodesk by 3.7% during the second quarter. Ninety One UK Ltd now owns 5,338,125 shares of the software company’s stock worth $1,652,523,000 after acquiring an additional 191,448 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Autodesk by 13.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,454,264 shares of the software company’s stock worth $904,326,000 after acquiring an additional 400,514 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its stake in Autodesk by 44.1% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,318,319 shares of the software company’s stock worth $868,736,000 after acquiring an additional 1,016,187 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in Autodesk by 4.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,000,268 shares of the software company’s stock valued at $785,470,000 after acquiring an additional 124,948 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Trading Up 0.8%

Shares of ADSK opened at $297.18 on Friday. The stock’s 50-day moving average is $313.79 and its two-hundred day moving average is $301.17. The stock has a market cap of $63.30 billion, a PE ratio of 61.53, a P/E/G ratio of 2.63 and a beta of 1.51. Autodesk, Inc. has a 12 month low of $232.67 and a 12 month high of $329.09. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.76.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Thursday, August 28th. The software company reported $1.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.99). The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.72 billion. Autodesk had a net margin of 15.75% and a return on equity of 51.23%. Autodesk’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.15 EPS. Autodesk has set its FY 2026 guidance at 9.800-9.980 EPS. Q3 2026 guidance at 2.480-2.510 EPS. Equities analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on ADSK. Berenberg Bank set a $370.00 price objective on Autodesk in a report on Monday, September 1st. Morgan Stanley raised their price target on Autodesk from $370.00 to $385.00 and gave the stock an “overweight” rating in a research note on Sunday, August 31st. Robert W. Baird lifted their price target on Autodesk from $345.00 to $363.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Rosenblatt Securities increased their price objective on shares of Autodesk from $345.00 to $355.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Finally, Stifel Nicolaus raised their target price on shares of Autodesk from $350.00 to $375.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $359.13.

Insider Activity

In other news, EVP Steven M. Blum sold 22,420 shares of Autodesk stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $323.75, for a total transaction of $7,258,475.00. Following the sale, the executive vice president owned 13,099 shares in the company, valued at $4,240,801.25. This trade represents a 63.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ayanna Howard sold 917 shares of the company’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $325.00, for a total transaction of $298,025.00. Following the completion of the transaction, the director owned 3,476 shares of the company’s stock, valued at $1,129,700. This trade represents a 20.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 35,386 shares of company stock worth $11,433,201 over the last three months. Insiders own 0.15% of the company’s stock.

Autodesk Profile

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.