OMERS ADMINISTRATION Corp Acquires 39,468 Shares of Autodesk, Inc. $ADSK

by · The Cerbat Gem

OMERS ADMINISTRATION Corp lifted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 261.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,538 shares of the software company’s stock after buying an additional 39,468 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Autodesk were worth $16,883,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of ADSK. Access Investment Management LLC bought a new stake in Autodesk during the 2nd quarter valued at $28,000. Cheviot Value Management LLC purchased a new position in shares of Autodesk in the first quarter valued at $27,000. SouthState Corp raised its stake in shares of Autodesk by 500.0% during the 1st quarter. SouthState Corp now owns 96 shares of the software company’s stock valued at $25,000 after purchasing an additional 80 shares during the period. Livelsberger Financial Advisory bought a new stake in shares of Autodesk during the 2nd quarter valued at $31,000. Finally, E Fund Management Hong Kong Co. Ltd. lifted its holdings in Autodesk by 67.8% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 99 shares of the software company’s stock worth $31,000 after purchasing an additional 40 shares in the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ADSK has been the subject of a number of recent analyst reports. Wolfe Research lifted their target price on Autodesk from $370.00 to $390.00 and gave the company an “outperform” rating in a report on Wednesday, November 26th. Macquarie boosted their price objective on shares of Autodesk from $380.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, November 26th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $380.00 target price on shares of Autodesk in a report on Monday, October 6th. Wells Fargo & Company raised their price target on shares of Autodesk from $375.00 to $380.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, BMO Capital Markets boosted their price target on shares of Autodesk from $333.00 to $343.00 and gave the company a “market perform” rating in a research report on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $366.16.

View Our Latest Stock Analysis on Autodesk

Insiders Place Their Bets

In other news, EVP Steven M. Blum sold 22,420 shares of the company’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $323.75, for a total value of $7,258,475.00. Following the completion of the transaction, the executive vice president directly owned 13,099 shares in the company, valued at approximately $4,240,801.25. This represents a 63.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ruth Ann Keene sold 2,761 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total value of $869,991.10. Following the transaction, the executive vice president owned 80,255 shares in the company, valued at $25,288,350.50. This trade represents a 3.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 26,098 shares of company stock valued at $8,426,491 over the last 90 days. Insiders own 0.15% of the company’s stock.

Autodesk Trading Up 0.6%

Shares of Autodesk stock opened at $303.30 on Monday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.76. Autodesk, Inc. has a 1 year low of $232.67 and a 1 year high of $329.09. The firm has a market cap of $64.60 billion, a PE ratio of 62.79, a PEG ratio of 2.63 and a beta of 1.51. The company has a 50 day simple moving average of $306.20 and a two-hundred day simple moving average of $303.00.

Autodesk (NASDAQ:ADSK – Get Free Report) last posted its quarterly earnings data on Tuesday, November 25th. The software company reported $2.67 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.17. Autodesk had a net margin of 15.75% and a return on equity of 51.23%. The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter last year, the company posted $2.17 EPS. The business’s quarterly revenue was up 18.0% on a year-over-year basis. Autodesk has set its FY 2026 guidance at 10.180-10.250 EPS. Q4 2026 guidance at 2.590-2.67 EPS. Analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

About Autodesk

(Free Report)

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.

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