Insider Buying: Autodesk (NASDAQ:ADSK) Director Acquires $378,400.00 in Stock

Autodesk, Inc. (NASDAQ:ADSKGet Free Report) Director John Cahill acquired 2,000 shares of Autodesk stock in a transaction that occurred on Tuesday, June 23rd. The shares were purchased at an average cost of $189.20 per share, with a total value of $378,400.00. Following the transaction, the director 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Autodesk Stock Performance

Shares of ADSK stock opened at $189.73 on Friday. 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 fifty-two week low of $185.50 and a fifty-two week high of $329.09. The stock’s 50-day moving average is $228.57 and its two-hundred day moving average is $248.26. The firm has a market cap of $40.03 billion, a P/E ratio of 27.66, a PEG ratio of 1.19 and a beta of 1.29.

Autodesk (NASDAQ:ADSKGet Free Report) last announced its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.15. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The firm’s revenue was up 18.4% on a year-over-year basis. During the same period in the previous year, the company 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. Analysts predict that Autodesk, Inc. will post 9.64 earnings per share for the current fiscal year.

Institutional Trading of Autodesk

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Autodesk by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 21,493,167 shares of the software company’s stock worth $6,362,192,000 after acquiring an additional 78,928 shares during the last quarter. State Street Corp grew its position in shares of Autodesk by 0.7% in the fourth quarter. State Street Corp now owns 10,157,826 shares of the software company’s stock valued at $3,006,818,000 after purchasing an additional 70,053 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Autodesk by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 5,682,041 shares of the software company’s stock worth $1,677,404,000 after purchasing an additional 123,691 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Autodesk by 5.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,144,627 shares of the software company’s stock worth $752,824,000 after purchasing an additional 155,255 shares during the period. Finally, Norges Bank acquired a new position in shares of Autodesk during the 4th quarter worth about $867,480,000. 90.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Royal Bank Of Canada dropped their price target on shares of Autodesk from $335.00 to $305.00 and set an “outperform” rating on the stock in a research note on Friday, May 29th. Bank of America reiterated a “buy” rating and issued a $300.00 price objective on shares of Autodesk in a report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft cut their target price on Autodesk from $375.00 to $330.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. Arete Research reduced their price target on Autodesk from $460.00 to $456.00 and set a “buy” rating for the company in a research report on Thursday, March 26th. Finally, KeyCorp decreased their price target on Autodesk from $365.00 to $341.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $326.10.

Read Our Latest Analysis on ADSK

Autodesk Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Autodesk (NASDAQ:ADSK)

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