Korea Investment CORP purchased a new position in shares of Autodesk, Inc. (NASDAQ:ADSK – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 225,621 shares of the software company’s stock, valued at approximately $43,865,000.
Several other institutional investors and hedge funds also recently made changes to their positions in ADSK. BlackRock Inc. bought a new position in Autodesk in the 2nd quarter valued at approximately $4,828,855,000. Vanguard Group Inc. grew its holdings 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 increased its position in Autodesk by 0.7% in the 4th quarter. State Street Corp now owns 10,157,826 shares of the software company’s stock valued at $3,006,818,000 after acquiring an additional 70,053 shares during the period. Geode Capital Management LLC increased its position in Autodesk by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 5,682,041 shares of the software company’s stock valued at $1,677,404,000 after acquiring an additional 123,691 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Autodesk by 5.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,144,627 shares of the software company’s stock valued at $752,824,000 after acquiring an additional 155,255 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.
Analyst Ratings Changes
ADSK has been the topic of a number of recent research reports. Robert W. Baird lifted their price target on shares of Autodesk from $312.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday. BTIG Research restated a “buy” rating and issued a $300.00 price objective on shares of Autodesk in a report on Friday, May 29th. BMO Capital Markets lowered their target price on Autodesk from $279.00 to $262.00 and set a “market perform” rating for the company in a research report on Friday, May 29th. KeyCorp reaffirmed an “overweight” rating on shares of Autodesk in a report on Wednesday. Finally, Bank of America reiterated a “buy” rating and issued a $300.00 price target on shares of Autodesk in a research report on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $321.65.
Autodesk Stock Up 1.1%
Shares of NASDAQ ADSK opened at $253.82 on Friday. The company has a market capitalization of $53.56 billion, a P/E ratio of 37.00, a price-to-earnings-growth ratio of 1.55 and a beta of 1.29. Autodesk, Inc. has a 52-week low of $185.50 and a 52-week high of $329.09. 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 company’s 50 day moving average price is $219.71 and its 200-day moving average price is $231.77.
Autodesk (NASDAQ:ADSK – Get Free Report) last posted its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.15. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the prior year, the company posted $2.29 earnings per share. Autodesk’s revenue for the quarter was up 18.4% compared to the same quarter last year. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. Equities analysts forecast that Autodesk, Inc. will post 9.7 earnings per share for the current year.
Insider Buying and Selling at Autodesk
In other news, EVP Janesh Moorjani purchased 2,500 shares of the business’s stock in a transaction on Monday, June 15th. The shares were acquired at an average price of $197.67 per share, with a total value of $494,175.00. Following the completion of the transaction, the executive vice president owned 50,993 shares of the company’s stock, valued at $10,079,786.31. The trade was a 5.16% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stacy J. Smith purchased 3,435 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were acquired at an average price of $231.17 per share, with a total value of $794,068.95. Following the completion of the acquisition, 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 position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have bought 7,935 shares of company stock valued at $1,666,644. 0.14% of the stock is currently owned by insiders.
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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