Autodesk, Inc. $ADSK Shares Sold by MASTERINVEST Kapitalanlage GmbH

MASTERINVEST Kapitalanlage GmbH cut its stake in Autodesk, Inc. (NASDAQ:ADSKFree Report) by 49.4% during the 1st quarter, HoldingsChannel reports. The fund owned 3,398 shares of the software company’s stock after selling 3,315 shares during the period. MASTERINVEST Kapitalanlage GmbH’s holdings in Autodesk were worth $813,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in ADSK. Norges Bank acquired a new position in Autodesk during the 4th quarter worth $867,480,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Autodesk by 44,345.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,280,515 shares of the software company’s stock valued at $675,055,000 after purchasing an additional 2,275,384 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Autodesk by 46.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,989,372 shares of the software company’s stock worth $884,884,000 after purchasing an additional 952,343 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Autodesk by 103.5% during the fourth quarter. Wellington Management Group LLP now owns 1,868,159 shares of the software company’s stock worth $552,994,000 after purchasing an additional 950,149 shares during the last quarter. Finally, Pictet Asset Management Holding SA grew its stake in Autodesk by 80.2% in the first quarter. Pictet Asset Management Holding SA now owns 2,103,376 shares of the software company’s stock worth $503,521,000 after purchasing an additional 936,388 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.

Autodesk Stock Performance

Shares of ADSK stock opened at $208.98 on Thursday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.78. The business has a 50 day moving average of $218.63 and a two-hundred day moving average of $239.07. Autodesk, Inc. has a 52 week low of $185.50 and a 52 week high of $329.09. The company has a market cap of $44.09 billion, a P/E ratio of 30.46, a PEG ratio of 1.27 and a beta of 1.32.

Autodesk (NASDAQ:ADSKGet Free Report) last announced 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 analysts’ expectations of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The business’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period in the prior year, the firm 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. As a group, analysts anticipate that Autodesk, Inc. will post 9.64 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ADSK. Bank of America reissued a “buy” rating and issued a $300.00 price objective on shares of Autodesk in a report on Tuesday, May 12th. Weiss Ratings lowered Autodesk from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 10th. Morgan Stanley decreased their target price on Autodesk from $350.00 to $315.00 and set an “overweight” rating for the company in a research report on Tuesday, May 26th. Wells Fargo & Company lowered their price target on Autodesk from $350.00 to $330.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Finally, BTIG Research reissued a “buy” rating and set a $300.00 price target on shares of Autodesk in a research report on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $326.10.

Check Out Our Latest Research Report on Autodesk

Insider Buying and Selling

In related news, EVP Janesh Moorjani bought 2,500 shares of the business’s stock in a transaction on Monday, June 15th. The shares were bought at an average cost of $197.67 per share, for a total transaction of $494,175.00. Following the completion of the purchase, the executive vice president 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John T. Cahill purchased 2,000 shares of the stock in a transaction dated 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 transaction, 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 disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 7,935 shares of company stock worth $1,666,644 in the last three months. 0.14% of the stock is owned by insiders.

About Autodesk

(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

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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