Milford Funds Ltd. Invests $3.54 Million in Autodesk, Inc. $ADSK

Milford Funds Ltd. bought a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,192 shares of the software company’s stock, valued at approximately $3,537,000.

Other large investors have also added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC purchased a new stake in Autodesk during the 3rd quarter worth $25,000. Kemnay Advisory Services Inc. purchased a new position in Autodesk in the 4th quarter valued at about $25,000. Torren Management LLC purchased a new position in Autodesk in the 4th quarter valued at about $25,000. Archer Investment Corp grew its stake in shares of Autodesk by 112.2% during the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after acquiring an additional 46 shares in the last quarter. Finally, Prosperity Bancshares Inc acquired a new stake in shares of Autodesk during the fourth quarter valued at about $27,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ADSK shares. UBS Group reaffirmed a “buy” rating on shares of Autodesk in a research report on Friday, May 29th. Zacks Research lowered Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. BMO Capital Markets dropped their price objective on Autodesk from $279.00 to $262.00 and set a “market perform” rating on the stock in a report on Friday, May 29th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $330.00 target price on shares of Autodesk in a research report on Monday, June 1st. Finally, KeyCorp cut their target price on Autodesk from $365.00 to $341.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Three 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $321.07.

Insiders Place Their Bets

In other news, EVP Janesh Moorjani bought 2,500 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was bought at an average price of $197.67 per share, for a total transaction of $494,175.00. Following the transaction, the executive vice president owned 50,993 shares in the company, valued at $10,079,786.31. The trade was a 5.16% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John T. Cahill purchased 2,000 shares of the stock in a transaction dated Tuesday, June 23rd. The stock was purchased at an average price of $189.20 per share, with a total value of $378,400.00. Following the completion of the acquisition, the director directly owned 4,000 shares in the company, valued at approximately $756,800. The trade was a 100.00% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 7,935 shares of company stock valued at $1,666,644 in the last quarter. Insiders own 0.14% of the company’s stock.

Autodesk Price Performance

ADSK opened at $251.66 on Friday. The company has a market capitalization of $53.10 billion, a P/E ratio of 36.69, a PEG ratio of 1.58 and a beta of 1.29. The company has a 50-day moving average of $216.31 and a 200-day moving average of $232.28. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 0.83. Autodesk, Inc. has a 1-year low of $185.50 and a 1-year high of $329.09.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, topping the consensus estimate of $2.84 by $0.15. The business 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%. The company’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter last 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. Equities analysts expect that Autodesk, Inc. will post 9.7 EPS for the current fiscal year.

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.