Autodesk, Inc. $ADSK Shares Acquired by Magnetar Financial LLC

Magnetar Financial LLC increased its stake in Autodesk, Inc. (NASDAQ:ADSK) by 94.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 19,599 shares of the software company’s stock after purchasing an additional 9,533 shares during the quarter. Magnetar Financial LLC’s holdings in Autodesk were worth $5,802,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ADSK. Brighton Jones LLC grew its stake in shares of Autodesk by 14.5% in the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock valued at $343,000 after buying an additional 147 shares in the last quarter. Sivia Capital Partners LLC grew its stake in shares of Autodesk by 98.1% in the second quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock valued at $765,000 after buying an additional 1,224 shares in the last quarter. Schnieders Capital Management LLC. acquired a new stake in shares of Autodesk in the second quarter valued at about $466,000. Baird Financial Group Inc. boosted its holdings in Autodesk by 7.5% in the second quarter. Baird Financial Group Inc. now owns 10,048 shares of the software company’s stock valued at $3,111,000 after purchasing an additional 701 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in Autodesk by 25.3% in the second quarter. NewEdge Advisors LLC now owns 13,860 shares of the software company’s stock valued at $4,291,000 after purchasing an additional 2,795 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Trading Up 1.4%

Shares of ADSK opened at $201.38 on Wednesday. The company has a market capitalization of $42.49 billion, a P/E ratio of 29.36, a P/E/G ratio of 1.22 and a beta of 1.29. Autodesk, Inc. has a one year low of $194.47 and a one year high of $329.09. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a 50-day moving average price of $234.03 and a 200 day moving average price of $253.90.

Autodesk (NASDAQ:ADSK) last released its earnings results 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 return on equity of 57.14% and a net margin of 19.49%.The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter last year, the business posted $2.29 EPS. Autodesk’s quarterly revenue was up 18.4% compared to the same quarter last year. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. Sell-side analysts forecast that Autodesk, Inc. will post 9.64 EPS for the current fiscal year.

Autodesk News Roundup

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: EVP Janesh Moorjani bought 2,500 shares of Autodesk at an average price of $197.67, a signal of insider confidence in the company’s outlook. Article Title
• Positive Sentiment: Autodesk entered into a new credit agreement to enhance liquidity, which may reassure investors about financial flexibility. Article Title
• Positive Sentiment: Several trading articles highlighted Autodesk as oversold and potentially near a bottom, suggesting some traders are betting on a rebound. Article Title
• Neutral Sentiment: Analyst sentiment remains constructive overall, with Autodesk carrying a “Moderate Buy” consensus and a high average price target, though several firms recently trimmed targets. Article Title
• Negative Sentiment: Unusually heavy put options activity and reports that the stock is near recent lows indicate some investors are still hedging for more downside. Article Title

Insider Buying and Selling

In other news, EVP Janesh Moorjani bought 2,500 shares of Autodesk stock in a transaction on Monday, June 15th. The shares were bought at an average price of $197.67 per share, with a total value of $494,175.00. Following the acquisition, the executive vice president directly owned 50,993 shares in the company, valued at approximately $10,079,786.31. This represents a 5.16% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stacy J. Smith bought 3,435 shares of Autodesk stock in a transaction on Friday, May 29th. The shares were purchased at an average cost of $231.17 per share, for a total transaction of $794,068.95. Following the acquisition, the director owned 26,517 shares in the company, valued at $6,129,934.89. The trade was a 14.88% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

ADSK has been the subject of a number of analyst reports. Argus raised Autodesk to a “strong-buy” rating in a report on Friday, March 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Autodesk in a report on Wednesday, June 3rd. DA Davidson reissued a “buy” rating and issued a $325.00 price target on shares of Autodesk in a report on Friday, May 29th. Deutsche Bank Aktiengesellschaft reduced their price target on Autodesk from $375.00 to $330.00 and set a “buy” rating for the company in a report on Monday, March 2nd. Finally, Rothschild & Co Redburn reduced their price target on Autodesk from $375.00 to $360.00 and set a “buy” rating for the company in a report on Monday, June 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $327.21.

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.