Autodesk, Inc. $ADSK Shares Bought by Moore Capital Management LP

Moore Capital Management LP lifted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 252.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,500 shares of the software company’s stock after acquiring an additional 14,684 shares during the quarter. Moore Capital Management LP’s holdings in Autodesk were worth $3,986,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. CENTRAL TRUST Co lifted its holdings in shares of Autodesk by 6.2% in the 4th quarter. CENTRAL TRUST Co now owns 759 shares of the software company’s stock valued at $225,000 after buying an additional 44 shares during the period. Smithfield Trust Co raised its position in Autodesk by 5.3% in the fourth quarter. Smithfield Trust Co now owns 893 shares of the software company’s stock worth $266,000 after acquiring an additional 45 shares in the last quarter. Calydon Capital lifted its holdings in Autodesk by 1.7% in the fourth quarter. Calydon Capital now owns 2,726 shares of the software company’s stock valued at $807,000 after acquiring an additional 45 shares during the period. Sunbelt Securities Inc. lifted its holdings in Autodesk by 5.3% in the third quarter. Sunbelt Securities Inc. now owns 1,029 shares of the software company’s stock valued at $327,000 after acquiring an additional 52 shares during the period. Finally, GRIMES & Co WEALTH MANAGEMENT LLC boosted its position in shares of Autodesk by 8.5% during the 4th quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 692 shares of the software company’s stock worth $205,000 after purchasing an additional 54 shares in the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Autodesk

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Rosenblatt Securities reaffirmed its Buy rating and set a $330 price target, implying substantial upside. Rosenblatt Reiterates Buy Rating on Autodesk
• Positive Sentiment: Barclays maintained its Buy rating, supporting the view that Autodesk’s growth prospects remain attractive. Barclays Sticks to Its Buy Rating for Autodesk
• Positive Sentiment: BNP Paribas Exane raised its price target to $300, while BMO Capital Markets also forecast strong appreciation, reflecting continued analyst confidence. BNP Paribas Exane Raises Autodesk Price Target
• Positive Sentiment: Autodesk recently exceeded quarterly EPS and revenue expectations, with revenue increasing 16.1% year over year. Earnings-call commentary also highlighted growth momentum. Autodesk Earnings Call Highlights Growth Momentum
• Neutral Sentiment: Citigroup raised its price target from $269 to $276 but retained a Neutral rating, suggesting limited conviction despite a higher valuation estimate. Benzinga Autodesk Analyst Update
• Negative Sentiment: Autodesk faces mounting shareholder lawsuits and potential uninsured liabilities following a cash-flow probe, creating legal, financial and reputational uncertainty. Autodesk Faces Shareholder Lawsuits and Potential Uninsured Liabilities
• Negative Sentiment: Piper Sandler lowered its expectations for Autodesk’s stock price, adding a more cautious view to the otherwise favorable analyst consensus. Piper Sandler Lowers Autodesk Expectations

Autodesk Stock Down 0.8%

ADSK stock opened at $258.53 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.86 and a quick ratio of 0.83. The company’s 50 day simple moving average is $227.35 and its 200-day simple moving average is $232.32. Autodesk, Inc. has a 12 month low of $185.50 and a 12 month high of $329.09. The firm has a market capitalization of $54.55 billion, a PE ratio of 33.45, a P/E/G ratio of 1.60 and a beta of 1.29.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.12 by $0.18. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. Autodesk had a return on equity of 58.63% and a net margin of 21.08%.Autodesk’s revenue was up 16.1% compared to the same quarter last year. During the same quarter last year, the business 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. Equities analysts expect that Autodesk, Inc. will post 9.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director John T. Cahill acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The stock was acquired at an average cost of $189.20 per share, for a total transaction of $378,400.00. Following the acquisition, the director directly owned 4,000 shares in the company, valued at approximately $756,800. This represents a 100.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Janesh Moorjani purchased 2,500 shares of Autodesk stock in a transaction on Monday, June 15th. The shares were acquired at an average cost of $197.67 per share, for a total transaction of $494,175.00. Following the completion of the transaction, the executive vice president owned 50,993 shares of the company’s stock, valued at $10,079,786.31. This represents a 5.16% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ADSK. Barclays reiterated an “overweight” rating on shares of Autodesk in a report on Wednesday, August 19th. Weiss Ratings lowered shares of Autodesk from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 10th. UBS Group increased their target price on shares of Autodesk from $290.00 to $325.00 and gave the company a “buy” rating in a report on Friday. Rosenblatt Securities reiterated a “buy” rating and set a $330.00 price target on shares of Autodesk in a research report on Monday. Finally, Robert W. Baird boosted their price target on Autodesk from $312.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $319.62.

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.