Aristotle Capital Management, LLC, an investment management company, released its “Aristotle Value Equity Fund” second quarter 2022 investor letter. A copy of the same can be downloaded here. In the second quarter, the fund returned -12.43% at NAV compared to a -12.21% return for the Russell 1000 Value Index. However, the fund outperformed the S&P 500 Index, which returned -16.10% in the quarter. Sector allocation attributed to the fund’s underperformance compared to the Russell 1000 Value Index in the second quarter. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.
Aristotle Capital discussed stocks like Autodesk, Inc. (NASDAQ:ADSK) in the second quarter 2022 investor letter. Headquartered in San Rafael, California, Autodesk, Inc. (NASDAQ:ADSK) is a software company that provides 3D design, Engineering, and entertainment software products. On October 7, 2022, Autodesk, Inc. (NASDAQ:ADSK) stock closed at $194.74 per share. One-month return of Autodesk, Inc. (NASDAQ:ADSK) was -8.00% and its shares lost 30.19% of their value over the last 52 weeks. Autodesk, Inc. (NASDAQ:ADSK) has a market capitalization of $42.036 billion.
Here is what Aristotle Capital specifically said about Autodesk, Inc. (NASDAQ:ADSK) in its Q2 2022 investor letter:
“Headquartered in Northern California and founded in 1982, Autodesk, Inc. (NASDAQ:ADSK) produces software that allows companies to design and model their products and/or projects. The company is the global industry standard for computer-aided design in the architecture, engineering and construction industry (AEC). Autodesk’s millions of subscribers rely on its software to design and model buildings, manufactured products, animated films and video games. The company’s four segments are AEC (44% of net sales), its iconic software AutoCAD (29%), Manufacturing (21%), and Media and Entertainment (M&E) (6%).
Autodesk primarily sells its software on a subscription basis, having discontinued perpetual license sales of most standalone products in 2016. As part of the move to subscription licensing, Autodesk replaced its product suite with three streamlined “Industry Collections” focused on AEC, Manufacturing and M&E.
In recent years, the AEC industry has increasingly sought to resolve the inefficiencies that arise when many parties are needed to complete a building project. Autodesk has been at the cutting edge of enabling improvement through innovation and promoting the use of open standards, or open building information modeling (BIM), which allows for all relevant building data to be processed virtually in a 3D model and shared across stakeholders. Importantly, Autodesk’s leadership in ensuring the interoperability of its software with that of competitors increases collaboration and productivity among architects, engineers and contractors – an attractive value proposition for its customers…” (Click here to read the full text)
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Autodesk, Inc. (NASDAQ:ADSK) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 53 hedge fund portfolios held Autodesk, Inc. (NASDAQ:ADSK) at the end of the second quarter which was 50 in the previous quarter.
We discussed Autodesk, Inc. (NASDAQ:ADSK) in another article and shared the best cheap growth stocks according to hedge funds. In addition, please check out our hedge fund investor letters Q2 2022 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
