Legal & General Group Plc Acquires New Shares in Autodesk, Inc. $ADSK

Legal & General Group Plc bought a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,175,333 shares of the software company’s stock, valued at approximately $422,928,000. Legal & General Group Plc owned approximately 1.03% of Autodesk at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in shares of Autodesk by 14.5% during the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock valued at $343,000 after purchasing an additional 147 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in Autodesk by 98.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock valued at $765,000 after purchasing an additional 1,224 shares during the last quarter. Schnieders Capital Management LLC. acquired a new stake in Autodesk in the second quarter valued at approximately $466,000. Baird Financial Group Inc. boosted its position in Autodesk by 7.5% in the second quarter. Baird Financial Group Inc. now owns 10,048 shares of the software company’s stock valued at $3,111,000 after buying an additional 701 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of Autodesk by 25.3% during the second quarter. NewEdge Advisors LLC now owns 13,860 shares of the software company’s stock worth $4,291,000 after buying an additional 2,795 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Insider Activity

In other Autodesk news, Director Stacy J. Smith purchased 3,435 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were acquired at an average price of $231.17 per share, with a total value of $794,068.95. Following the transaction, the director owned 26,517 shares in the company, valued at $6,129,934.89. The trade was a 14.88% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John T. Cahill purchased 2,000 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were bought at an average price of $189.20 per share, with a total value of $378,400.00. Following the purchase, 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 disclosure for this purchase is available in the SEC filing. Insiders acquired 7,935 shares of company stock worth $1,666,644 over the last three months. 0.14% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ADSK shares. Barclays reissued an “overweight” rating on shares of Autodesk in a report on Wednesday, August 19th. Royal Bank Of Canada lowered their target price on Autodesk from $335.00 to $305.00 and set an “outperform” rating for the company in a report on Friday, May 29th. BTIG Research reissued a “buy” rating and set a $300.00 price target on shares of Autodesk in a research note on Friday, May 29th. KeyCorp restated an “overweight” rating on shares of Autodesk in a report on Wednesday, August 19th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $325.00 price objective on shares of Autodesk in a research note on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $321.65.

Autodesk Trading Down 1.3%

NASDAQ ADSK opened at $251.21 on Wednesday. The business has a 50 day simple moving average of $221.83 and a 200 day simple moving average of $231.76. The stock has a market capitalization of $53.01 billion, a P/E ratio of 36.62, a P/E/G ratio of 1.56 and a beta of 1.29. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.83. Autodesk, Inc. has a one year low of $185.50 and a one year high of $329.09.

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