O Shaughnessy Asset Management LLC Acquires 3,815 Shares of Autodesk, Inc. $ADSK

O Shaughnessy Asset Management LLC boosted its position in Autodesk, Inc. (NASDAQ:ADSK) by 8.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 50,944 shares of the software company’s stock after purchasing an additional 3,815 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Autodesk were worth $15,080,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. OFI Invest Asset Management grew its position in Autodesk by 246.4% in the 4th quarter. OFI Invest Asset Management now owns 52,649 shares of the software company’s stock worth $15,585,000 after purchasing an additional 37,449 shares in the last quarter. Freemont Management S.A. bought a new stake in Autodesk in the 3rd quarter worth about $4,765,000. Caprock Group LLC bought a new stake in Autodesk in the 3rd quarter worth about $2,288,000. Robeco Institutional Asset Management B.V. grew its position in Autodesk by 46.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 532,504 shares of the software company’s stock worth $157,627,000 after purchasing an additional 169,099 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in Autodesk by 0.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 946,476 shares of the software company’s stock worth $280,166,000 after purchasing an additional 4,845 shares in the last quarter. 90.24% of the stock is owned by institutional investors.

Insider Activity at Autodesk

In other Autodesk news, Director Stacy J. Smith purchased 3,435 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were bought at an average cost of $231.17 per share, for a total transaction of $794,068.95. Following the purchase, the director owned 26,517 shares of the company’s stock, valued at $6,129,934.89. This represents a 14.88% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.14% of the company’s stock.

Autodesk Stock Performance

Shares of ADSK stock opened at $224.08 on Wednesday. The stock has a market capitalization of $47.28 billion, a P/E ratio of 32.66, a PEG ratio of 1.39 and a beta of 1.29. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78. The firm’s 50 day moving average is $237.31 and its 200 day moving average is $256.98. Autodesk, Inc. has a 12 month low of $214.10 and a 12 month high of $329.09.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.15. The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. Autodesk’s revenue was up 18.4% compared to the same quarter last year. During the same period in the prior year, the company posted $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. On average, sell-side analysts anticipate that Autodesk, Inc. will post 9.64 earnings per share for the current year.

Analyst Ratings Changes

ADSK has been the subject of a number of research reports. Barclays reduced their target price on shares of Autodesk from $315.00 to $300.00 and set an “overweight” rating for the company in a research report on Wednesday, May 13th. Royal Bank Of Canada reduced their target price on shares of Autodesk from $335.00 to $305.00 and set an “outperform” rating for the company in a research report on Friday, May 29th. UBS Group reissued a “buy” rating on shares of Autodesk in a research report on Friday, May 29th. Morgan Stanley reduced their target price on shares of Autodesk from $350.00 to $315.00 and set an “overweight” rating for the company in a research report on Tuesday, May 26th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $330.00 target price on shares of Autodesk in a research report on Monday, June 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $327.21.

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.