Raiffeisen Bank International AG Grows Position in Autodesk, Inc. $ADSK

Raiffeisen Bank International AG boosted its stake in shares of Autodesk, Inc. (NASDAQ:ADSKFree Report) by 6.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 91,017 shares of the software company’s stock after purchasing an additional 5,231 shares during the period. Raiffeisen Bank International AG’s holdings in Autodesk were worth $27,263,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Torren Management LLC acquired a new position in shares of Autodesk in the 4th quarter valued at $25,000. Measured Wealth Private Client Group LLC acquired a new position in Autodesk during the third quarter worth $25,000. Archer Investment Corp raised its position in Autodesk by 112.2% during the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after acquiring an additional 46 shares during the period. High Point Wealth Management LLC acquired a new position in Autodesk during the fourth quarter worth $44,000. Finally, iSAM Funds UK Ltd acquired a new position in Autodesk during the third quarter worth $46,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ADSK. Piper Sandler reduced their price objective on shares of Autodesk from $383.00 to $369.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Stifel Nicolaus reduced their price objective on shares of Autodesk from $375.00 to $285.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. Argus upgraded shares of Autodesk to a “strong-buy” rating in a research report on Friday, March 6th. Rosenblatt Securities restated a “buy” rating and set a $330.00 price objective on shares of Autodesk in a research report on Monday, June 1st. Finally, Oppenheimer dropped their target price on shares of Autodesk from $375.00 to $325.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Autodesk currently has an average rating of “Moderate Buy” and an average price target of $327.21.

View Our Latest Analysis on ADSK

Insider Activity

In other news, Director Stacy J. Smith acquired 3,435 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was purchased 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 of the company’s stock, valued at $6,129,934.89. This trade represents a 14.88% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.14% of the stock is owned by insiders.

Autodesk Price Performance

Autodesk stock opened at $205.57 on Friday. Autodesk, Inc. has a 52-week low of $204.80 and a 52-week high of $329.09. The firm has a market capitalization of $43.38 billion, a price-to-earnings ratio of 29.97, a PEG ratio of 1.36 and a beta of 1.29. The company has a fifty day simple moving average of $236.34 and a 200-day simple moving average of $255.92. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.78.

Autodesk (NASDAQ:ADSKGet Free Report) last released its earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.15. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the prior year, the firm earned $2.29 earnings per share. The company’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. On average, equities analysts anticipate that Autodesk, Inc. will post 9.64 EPS for the current fiscal year.

Autodesk Profile

(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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