California State Teachers Retirement System Acquires 58,287,201 Shares of Autodesk, Inc. $ADSK

California State Teachers Retirement System grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 18,825.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,596,827 shares of the software company’s stock after buying an additional 58,287,201 shares during the quarter. California State Teachers Retirement System owned 0.28% of Autodesk worth $11,392,395,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Quantinno Capital Management LP raised its position in Autodesk by 17.8% in the 1st quarter. Quantinno Capital Management LP now owns 385,572 shares of the software company’s stock valued at $92,306,000 after buying an additional 58,285 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Autodesk by 158.4% during the 1st quarter. SG Americas Securities LLC now owns 272,548 shares of the software company’s stock worth $65,248,000 after acquiring an additional 167,064 shares during the last quarter. Man Group plc grew its stake in shares of Autodesk by 28.6% in the 4th quarter. Man Group plc now owns 1,229,946 shares of the software company’s stock worth $364,076,000 after acquiring an additional 273,765 shares in the last quarter. Deutsche Bank AG bought a new stake in shares of Autodesk in the 2nd quarter worth $322,851,000. Finally, Seilern Investment Management Ltd raised its holdings in shares of Autodesk by 11.0% in the second quarter. Seilern Investment Management Ltd now owns 227,675 shares of the software company’s stock valued at $44,265,000 after purchasing an additional 22,547 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $212.21 on Wednesday. The company has a market capitalization of $44.35 billion, a P/E ratio of 27.45, a price-to-earnings-growth ratio of 1.43 and a beta of 1.31. The company’s 50-day moving average is $231.71 and its 200 day moving average is $232.33. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.86 and a current ratio of 0.86. Autodesk, Inc. has a fifty-two week low of $185.50 and a fifty-two week high of $326.87.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.12 by $0.18. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. The firm’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.62 earnings per share. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. On average, equities research analysts forecast that Autodesk, Inc. will post 9.64 earnings per share for the current year.

Insider Buying and Selling

In related news, Director John T. Cahill purchased 2,000 shares of the 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 acquisition, the director owned 4,000 shares of the company’s stock, valued at $756,800. This trade represents a 100.00% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Janesh Moorjani acquired 2,500 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was purchased at an average price of $197.67 per share, for a total transaction of $494,175.00. Following the purchase, the executive vice president owned 50,993 shares of the company’s stock, valued at $10,079,786.31. The trade was a 5.16% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.14% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Jefferies Financial Group raised shares of Autodesk to a “strong-buy” rating in a research report on Tuesday, May 26th. Argus reiterated a “buy” rating and issued a $355.00 price objective on shares of Autodesk in a research note on Wednesday, September 2nd. Wall Street Zen raised shares of Autodesk from a “hold” rating to a “buy” rating in a research report on Sunday. Zacks Research cut shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. Finally, Citigroup upped their target price on Autodesk from $269.00 to $276.00 and gave the company a “neutral” rating in a report on Monday, August 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $321.19.

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.