OMERS ADMINISTRATION Corp Invests $6.38 Million in Autodesk, Inc. $ADSK

OMERS ADMINISTRATION Corp purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 32,812 shares of the software company’s stock, valued at approximately $6,379,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Conquis Financial LLC purchased a new position in Autodesk during the second quarter valued at approximately $301,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Autodesk in the 2nd quarter valued at $13,105,000. Meiji Yasuda Asset Management Co Ltd. purchased a new position in shares of Autodesk during the 2nd quarter valued at $423,000. Globeflex Capital L P purchased a new position in shares of Autodesk during the 2nd quarter valued at $352,000. Finally, Clear Harbor Asset Management LLC bought a new position in shares of Autodesk in the second quarter worth $1,264,000. 90.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Weiss Ratings downgraded Autodesk from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 10th. DA Davidson restated a “buy” rating and issued a $325.00 target price on shares of Autodesk in a research note on Friday, May 29th. Zacks Research cut Autodesk from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Jefferies Financial Group raised Autodesk to a “strong-buy” rating in a report on Tuesday, May 26th. Finally, UBS Group restated a “buy” rating on shares of Autodesk in a research report on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $321.65.

Insider Activity

In related news, Director Stacy J. Smith bought 3,435 shares of the stock in a transaction dated Friday, May 29th. The stock was bought at an average price of $231.17 per share, with a total value of $794,068.95. Following the purchase, the director owned 26,517 shares in the company, valued at approximately $6,129,934.89. The trade was a 14.88% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John T. Cahill bought 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were bought at an average price of $189.20 per share, with a total value of $378,400.00. Following the completion of the acquisition, 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 disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have purchased 7,935 shares of company stock valued at $1,666,644. 0.14% of the stock is currently owned by insiders.

Autodesk Trading Up 0.2%

Shares of ADSK opened at $254.42 on Tuesday. Autodesk, Inc. has a fifty-two week low of $185.50 and a fifty-two week high of $329.09. The firm has a market cap of $53.68 billion, a price-to-earnings ratio of 37.09, a PEG ratio of 1.55 and a beta of 1.29. The firm has a 50 day moving average price of $220.83 and a 200-day moving average price of $231.70. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 0.83.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, beating the consensus estimate of $2.84 by $0.15. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The firm’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.29 EPS. 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 forecast that Autodesk, Inc. will post 9.7 earnings per share for the current 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.