Autodesk, Inc. $ADSK Stock: Illinois Municipal Retirement Fund Cuts Stake

Illinois Municipal Retirement Fund decreased its stake in Autodesk, Inc. (NASDAQ:ADSK) by 6.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,894 shares of the software company’s stock after selling 5,705 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Autodesk were worth $17,534,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Ascentis Independent Advisors acquired a new stake in shares of Autodesk in the 1st quarter valued at $28,000. Johnson Financial Group Inc. acquired a new stake in shares of Autodesk during the 2nd quarter worth about $30,000. Next Level Wealth Planning LLC acquired a new stake in shares of Autodesk during the 3rd quarter worth about $35,000. Avalon Trust Co increased its position in shares of Autodesk by 97.8% during the 1st quarter. Avalon Trust Co now owns 180 shares of the software company’s stock worth $43,000 after purchasing an additional 89 shares in the last quarter. Finally, Wellington Grp LLC lifted its holdings in Autodesk by 873.7% during the 1st quarter. Wellington Grp LLC now owns 185 shares of the software company’s stock valued at $44,000 after purchasing an additional 166 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on ADSK. Rosenblatt Securities restated a “buy” rating and issued a $330.00 price target on shares of Autodesk in a research report on Monday, August 31st. Wall Street Zen cut shares of Autodesk from a “buy” rating to a “hold” rating in a research note on Monday, November 2nd. The Goldman Sachs Group raised shares of Autodesk from a “hold” rating to an “outperform” rating and set a $265.00 price objective for the company in a report on Thursday, September 17th. UBS Group reiterated a “buy” rating on shares of Autodesk in a research note on Thursday, September 24th. Finally, BMO Capital Markets boosted their target price on Autodesk from $262.00 to $283.00 and gave the stock a “market perform” rating in a report on Friday, August 28th. Twenty-six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $317.62.

Autodesk Price Performance

Shares of ADSK stock opened at $260.01 on Thursday. The stock’s fifty day moving average is $233.31 and its 200-day moving average is $234.06. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market capitalization of $54.34 billion, a PE ratio of 33.64, a PEG ratio of 1.72 and a beta of 1.27. Autodesk, Inc. has a 52 week low of $185.50 and a 52 week high of $320.00.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.12 by $0.18. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Autodesk had a return on equity of 58.63% and a net margin of 21.08%. The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period in the previous 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 research analysts expect that Autodesk, Inc. will post 9.70 EPS for the current fiscal year.

Autodesk Company Profile

Autodesk, Inc. develops software and cloud-based services for designing, building, making, and creating digital media. Its tools support professionals and organizations across architecture, engineering, construction, manufacturing, and entertainment. The company’s products include AutoCAD for computer-aided design, Revit for building information modeling, Fusion for product design and manufacturing, and Maya and 3ds Max for 3D animation and visual effects. Autodesk also offers cloud services that help customers collaborate and manage design and construction projects.