California Public Employees Retirement System Lowers Stock Position in Autodesk, Inc. $ADSK

California Public Employees Retirement System lessened its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 17.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 697,645 shares of the software company’s stock after selling 151,061 shares during the quarter. California Public Employees Retirement System owned approximately 0.33% of Autodesk worth $221,621,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ADSK. Proffitt & Goodson Inc. acquired a new stake in shares of Autodesk during the 3rd quarter valued at about $27,000. Heartwood Wealth Advisors LLC purchased a new position in shares of Autodesk in the 3rd quarter valued at about $28,000. Tripletail Wealth Management LLC acquired a new position in Autodesk in the 3rd quarter worth about $29,000. Financial Consulate Inc. purchased a new position in Autodesk during the third quarter worth approximately $32,000. Finally, Salomon & Ludwin LLC boosted its position in Autodesk by 1,275.0% during the third quarter. Salomon & Ludwin LLC now owns 110 shares of the software company’s stock worth $35,000 after purchasing an additional 102 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

ADSK has been the subject of a number of recent analyst reports. Loop Capital cut their price objective on Autodesk from $320.00 to $250.00 and set a “hold” rating for the company in a research report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft decreased their target price on Autodesk from $375.00 to $330.00 and set a “buy” rating on the stock in a research report on Monday, March 2nd. Argus raised shares of Autodesk to a “strong-buy” rating in a report on Friday, March 6th. Bank of America upped their price objective on shares of Autodesk from $360.00 to $365.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Finally, Arete Research increased their price objective on shares of Autodesk from $430.00 to $460.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $341.96.

Autodesk Stock Up 0.5%

Shares of ADSK opened at $251.17 on Monday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.85 and a current ratio of 0.85. Autodesk, Inc. has a one year low of $215.01 and a one year high of $329.09. The stock has a market capitalization of $53.00 billion, a price-to-earnings ratio of 47.93, a PEG ratio of 1.66 and a beta of 1.45. The stock has a 50 day moving average price of $252.57 and a 200 day moving average price of $287.70.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, February 26th. The software company reported $2.85 earnings per share for the quarter, beating analysts’ consensus estimates of $2.64 by $0.21. Autodesk had a return on equity of 53.51% and a net margin of 15.60%.The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter last year, the firm posted $2.29 EPS. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. Equities research analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Autodesk Company Profile

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.