Empowered Funds LLC Acquires Shares of 97,721 Autodesk, Inc. $ADSK

Empowered Funds LLC acquired a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 97,721 shares of the software company’s stock, valued at approximately $18,999,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ADSK. Measured Wealth Private Client Group LLC acquired a new stake in shares of Autodesk in the 3rd quarter valued at about $25,000. Kemnay Advisory Services Inc. acquired a new position in Autodesk during the fourth quarter worth approximately $25,000. Torren Management LLC acquired a new position in Autodesk during the fourth quarter worth approximately $25,000. Archer Investment Corp lifted its stake in Autodesk by 112.2% in the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after buying an additional 46 shares during the last quarter. Finally, Prosperity Bancshares Inc acquired a new stake in shares of Autodesk in the fourth quarter valued at approximately $27,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Trading Down 3.7%

Shares of Autodesk stock opened at $260.66 on Friday. The firm has a market cap of $55.00 billion, a price-to-earnings ratio of 33.72, a price-to-earnings-growth ratio of 1.66 and a beta of 1.29. Autodesk, Inc. has a 52-week low of $185.50 and a 52-week high of $329.09. The company’s 50-day simple moving average is $225.93 and its 200-day simple moving average is $232.29. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.78.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, August 27th. The software company reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.12 by $0.18. Autodesk had a net margin of 21.08% and a return on equity of 60.27%. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the firm earned $2.62 earnings per share. The firm’s revenue was up 16.1% compared to the same quarter last year. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. As a group, equities research analysts anticipate that Autodesk, Inc. will post 9.7 earnings per share for the current year.

Insider Activity at Autodesk

In other Autodesk news, Director John T. Cahill acquired 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were 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 of the company’s stock, valued at approximately $756,800. The trade was a 100.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Janesh Moorjani acquired 2,500 shares of the business’s stock in a transaction on Monday, June 15th. The stock was acquired at an average price 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 of the company’s stock, valued at $10,079,786.31. This represents a 5.16% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.14% of the stock is owned by company insiders.

Key Autodesk News

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Autodesk reported fiscal Q2 revenue of $2.05 billion, up 16% year over year, and adjusted EPS of $3.30, exceeding analyst expectations of $2.01 billion and $3.12, respectively. Growth was supported by strong renewals, cloud sales, construction activity and operating leverage. Autodesk fiscal 2027 second-quarter results
• Positive Sentiment: The company raised fiscal 2027 billings and revenue expectations, with full-year revenue guidance of approximately $8.6 billion to $8.7 billion. Management highlighted artificial intelligence, sales productivity and the MaintainX acquisition as longer-term growth drivers. Autodesk raises fiscal 2027 billings outlook
• Positive Sentiment: Several analysts remain constructive. BTIG reaffirmed a Buy rating with a $300 target, Bank of America maintained its Buy rating and $300 target, while BNP Paribas Exane raised its target to $300. Analysts cited subscription momentum and expectations that margins can improve despite MaintainX-related costs. Analyst rating coverage
• Neutral Sentiment: Autodesk is expanding its AI strategy and operations-management offerings through MaintainX. While these initiatives could broaden the company’s addressable market, investors are assessing execution risks and the timing of financial benefits.
• Negative Sentiment: Fiscal Q3 adjusted EPS guidance of $3.04 to $3.09 was below Wall Street expectations. The outlook for operating margins and costs was also viewed as cautious, raising concerns that acquisition expenses and AI investment could pressure near-term profitability. Autodesk quarterly profit forecast
• Negative Sentiment: The mixed outlook prompted profit-taking after the earnings beat. Although full-year revenue and EPS guidance exceeded some consensus measures, investors appeared more focused on the weaker quarterly profit outlook and margin trajectory.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Zacks Research downgraded shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. BNP Paribas Exane upped their target price on shares of Autodesk from $295.00 to $300.00 and gave the company an “outperform” rating in a report on Friday. UBS Group increased their target price on shares of Autodesk from $290.00 to $325.00 and gave the stock a “buy” rating in a research note on Friday. Loop Capital dropped their price target on Autodesk from $250.00 to $235.00 and set a “hold” rating on the stock in a research report on Friday, May 29th. Finally, Rothschild & Co Redburn decreased their price objective on Autodesk from $375.00 to $360.00 and set a “buy” rating for the company in a research report on Monday, June 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $321.07.

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.