State of Wyoming bought a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 2,121 shares of the software company’s stock, valued at approximately $412,000.
A number of other large investors have also bought and sold shares of ADSK. Vanguard Group Inc. grew its holdings in shares of Autodesk by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 21,493,167 shares of the software company’s stock valued at $6,362,192,000 after buying an additional 78,928 shares during the last quarter. State Street Corp increased its holdings in Autodesk by 0.7% during the 4th quarter. State Street Corp now owns 10,157,826 shares of the software company’s stock worth $3,006,818,000 after purchasing an additional 70,053 shares in the last quarter. Geode Capital Management LLC raised 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 last quarter. Arrowstreet Capital Limited Partnership lifted its holdings 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 valued at $752,824,000 after purchasing an additional 155,255 shares in the last quarter. Finally, Norges Bank bought a new stake in Autodesk during the fourth quarter worth $867,480,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Autodesk
In other Autodesk news, EVP Janesh Moorjani acquired 2,500 shares of the company’s stock in a transaction that occurred 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 purchase, the executive vice president directly owned 50,993 shares of the company’s stock, valued at approximately $10,079,786.31. The trade was a 5.16% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Stacy J. Smith purchased 3,435 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was bought at an average cost of $231.17 per share, for a total transaction of $794,068.95. Following the completion of the transaction, the director owned 26,517 shares in the company, valued at approximately $6,129,934.89. This represents a 14.88% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have bought 7,935 shares of company stock valued at $1,666,644. 0.14% of the stock is currently owned by corporate insiders.
Autodesk Stock Performance
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, beating 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 firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter last year, the company posted $2.29 EPS. The business’s quarterly revenue was up 18.4% on a year-over-year basis. 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, equities analysts predict that Autodesk, Inc. will post 9.7 EPS for the current fiscal year.
Wall Street Analyst Weigh In
ADSK has been the subject of several analyst reports. KeyCorp lowered their target price on shares of Autodesk from $365.00 to $341.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. DA Davidson restated a “buy” rating and issued a $325.00 price objective on shares of Autodesk in a research note on Friday, May 29th. Morgan Stanley decreased their price objective on shares of Autodesk from $350.00 to $315.00 and set an “overweight” rating for the company in a report on Tuesday, May 26th. Royal Bank Of Canada lowered their price target on shares of Autodesk from $335.00 to $305.00 and set an “outperform” rating on the stock in a report on Friday, May 29th. Finally, Citigroup increased their price target on Autodesk from $246.00 to $252.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th. 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $321.07.
Read Our Latest Report on ADSK
Autodesk Company Profile
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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