OMERS ADMINISTRATION Corp Makes New $6.38 Million Investment in Autodesk, Inc. $ADSK

OMERS ADMINISTRATION Corp acquired a new stake in Autodesk, Inc. (NASDAQ:ADSK) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 32,812 shares of the software company’s stock, valued at approximately $6,379,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Conquis Financial LLC purchased a new stake in shares of Autodesk during the second quarter worth about $301,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Autodesk during the 2nd quarter valued at about $13,105,000. Meiji Yasuda Asset Management Co Ltd. bought a new position in Autodesk during the 2nd quarter valued at approximately $423,000. Globeflex Capital L P bought a new position in Autodesk during the 2nd quarter valued at approximately $352,000. Finally, Clear Harbor Asset Management LLC purchased a new stake in Autodesk in the 2nd quarter worth approximately $1,264,000. 90.24% of the stock is owned by institutional investors.

Autodesk Stock Up 0.2%

Shares of NASDAQ:ADSK opened at $254.42 on Tuesday. The firm has a market capitalization of $53.68 billion, a P/E ratio of 37.09, a P/E/G ratio of 1.55 and a beta of 1.29. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a 50 day moving average price of $220.83 and a 200-day moving average price of $231.70. Autodesk, Inc. has a 52-week low of $185.50 and a 52-week high of $329.09.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.15. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The firm’s revenue was up 18.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.29 earnings per share. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. As a group, equities research analysts anticipate that Autodesk, Inc. will post 9.7 EPS for the current fiscal year.

Insider Activity

In other Autodesk news, EVP Janesh Moorjani purchased 2,500 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was bought at an average cost of $197.67 per share, with a total value of $494,175.00. Following the transaction, the executive vice president directly owned 50,993 shares in the company, valued at approximately $10,079,786.31. The trade was a 5.16% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John T. Cahill purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were acquired at an average cost of $189.20 per share, with a total value of $378,400.00. Following the completion of the transaction, the director owned 4,000 shares in the company, valued at $756,800. This trade represents a 100.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have acquired 7,935 shares of company stock worth $1,666,644. Corporate insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

ADSK has been the topic of a number of recent analyst reports. Royal Bank Of Canada cut their price objective on Autodesk from $335.00 to $305.00 and set an “outperform” rating on the stock in a research report on Friday, May 29th. DA Davidson reiterated a “buy” rating and issued a $325.00 price target on shares of Autodesk in a report on Friday, May 29th. Wells Fargo & Company reduced their price objective on shares of Autodesk from $350.00 to $330.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Barclays restated an “overweight” rating on shares of Autodesk in a report on Wednesday, August 19th. Finally, UBS Group reaffirmed a “buy” rating on shares of Autodesk in a research report on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Autodesk presently has an average rating of “Moderate Buy” and a consensus target price of $321.65.

Autodesk 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.