Seilern Investment Management Ltd raised its stake in shares of Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 11.0% in the second quarter, Holdings Channel.com reports. The fund owned 227,675 shares of the software company’s stock after purchasing an additional 22,547 shares during the period. Autodesk makes up approximately 5.6% of Seilern Investment Management Ltd’s investment portfolio, making the stock its 9th biggest position. Seilern Investment Management Ltd’s holdings in Autodesk were worth $44,265,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Czech National Bank lifted its holdings in shares of Autodesk by 4.1% in the 2nd quarter. Czech National Bank now owns 60,100 shares of the software company’s stock worth $11,685,000 after acquiring an additional 2,363 shares during the last quarter. PensionDanmark Pensionsforsikringsaktieselskab increased its holdings in Autodesk by 8.9% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 46,783 shares of the software company’s stock valued at $9,096,000 after purchasing an additional 3,843 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Autodesk by 10.1% in the second quarter. Assenagon Asset Management S.A. now owns 27,266 shares of the software company’s stock valued at $5,301,000 after purchasing an additional 2,502 shares during the period. Armstrong Henry H Associates Inc. raised its position in Autodesk by 34.8% in the second quarter. Armstrong Henry H Associates Inc. now owns 4,683 shares of the software company’s stock valued at $910,000 after purchasing an additional 1,210 shares during the period. Finally, Byrne Asset Management LLC lifted its stake in Autodesk by 49.1% during the second quarter. Byrne Asset Management LLC now owns 2,296 shares of the software company’s stock worth $446,000 after purchasing an additional 756 shares in the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. DA Davidson restated a “buy” rating and set a $325.00 price target on shares of Autodesk in a research report on Friday, May 29th. Wells Fargo & Company decreased their target price on Autodesk from $350.00 to $330.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. Citigroup raised their target price on Autodesk from $246.00 to $252.00 and gave the company a “neutral” rating in a report on Friday, May 29th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $330.00 target price on shares of Autodesk in a research report on Monday, June 1st. Finally, Morgan Stanley cut their price target on shares of Autodesk from $350.00 to $315.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 26th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Autodesk presently has an average rating of “Moderate Buy” and an average target price of $323.40.
Autodesk Stock Performance
Shares of Autodesk stock opened at $249.08 on Friday. Autodesk, Inc. has a one year low of $185.50 and a one year high of $329.09. The company has a market cap of $52.56 billion, a PE ratio of 36.31, a P/E/G ratio of 1.53 and a beta of 1.29. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 0.83. The business has a 50-day simple moving average of $214.54 and a 200-day simple moving average of $232.63.
Autodesk (NASDAQ:ADSK – Get Free Report) last issued its earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.15. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The firm’s revenue was up 18.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.29 earnings per share. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. On average, equities research analysts forecast that Autodesk, Inc. will post 9.64 EPS for the current fiscal year.
Insider Buying and Selling at Autodesk
In other news, Director Stacy J. Smith acquired 3,435 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was acquired at an average cost 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 approximately $6,129,934.89. This trade represents a 14.88% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John T. Cahill bought 2,000 shares of the stock in a transaction that occurred on 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 purchase, the director owned 4,000 shares of the company’s stock, valued at approximately $756,800. This represents a 100.00% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders have bought 7,935 shares of company stock valued at $1,666,644. Insiders own 0.14% of the company’s stock.
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.
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