New York State Common Retirement Fund Decreases Position in Autodesk, Inc. $ADSK

New York State Common Retirement Fund trimmed its position in Autodesk, Inc. (NASDAQ:ADSK) by 0.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 317,843 shares of the software company’s stock after selling 1,823 shares during the quarter. New York State Common Retirement Fund’s holdings in Autodesk were worth $98,395,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Access Investment Management LLC purchased a new position in Autodesk in the 2nd quarter valued at $28,000. Cheviot Value Management LLC purchased a new position in Autodesk during the first quarter worth approximately $27,000. SouthState Corp lifted its position in Autodesk by 500.0% during the first quarter. SouthState Corp now owns 96 shares of the software company’s stock worth $25,000 after buying an additional 80 shares in the last quarter. Livelsberger Financial Advisory acquired a new position in Autodesk during the second quarter worth $31,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its holdings in Autodesk by 67.8% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 99 shares of the software company’s stock valued at $31,000 after buying an additional 40 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Up 0.6%

Autodesk stock opened at $303.30 on Friday. The firm has a market capitalization of $64.60 billion, a P/E ratio of 62.79, a P/E/G ratio of 2.63 and a beta of 1.51. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.91. Autodesk, Inc. has a twelve month low of $232.67 and a twelve month high of $329.09. The stock’s fifty day simple moving average is $306.20 and its 200-day simple moving average is $302.95.

Autodesk (NASDAQ:ADSK) last released its earnings results on Tuesday, November 25th. The software company reported $2.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.50 by $0.17. Autodesk had a return on equity of 51.23% and a net margin of 15.75%.The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the business posted $2.17 earnings per share. Autodesk’s revenue was up 18.0% compared to the same quarter last year. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS. Q4 2026 guidance at 2.590-2.67 EPS. As a group, equities analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

ADSK has been the subject of several recent analyst reports. Hsbc Global Res upgraded shares of Autodesk from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. BMO Capital Markets upped their price target on Autodesk from $333.00 to $343.00 and gave the company a “market perform” rating in a research note on Wednesday. Wall Street Zen cut Autodesk from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 28th. Oppenheimer boosted their price objective on shares of Autodesk from $350.00 to $375.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $355.00 target price on shares of Autodesk in a research report on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Autodesk currently has an average rating of “Moderate Buy” and a consensus target price of $366.16.

Insider Transactions at Autodesk

In related news, EVP Ruth Ann Keene sold 2,761 shares of Autodesk stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total value of $869,991.10. Following the completion of the transaction, the executive vice president owned 80,255 shares in the company, valued at $25,288,350.50. The trade was a 3.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Steven M. Blum sold 22,420 shares of the 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 completion of the sale, the executive vice president directly owned 13,099 shares in the company, valued at approximately $4,240,801.25. This represents a 63.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 26,098 shares of company stock valued at $8,426,491. 0.15% of the stock is currently owned by corporate insiders.

Autodesk Company 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.