E Fund Management Co. Ltd. bought a new stake in Autodesk, Inc. (NASDAQ:ADSK – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 13,135 shares of the software company’s stock, valued at approximately $2,554,000.
Other institutional investors have also added to or reduced their stakes in the company. Torren Management LLC bought a new stake in Autodesk during 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. Kemnay Advisory Services Inc. bought a new position in shares of Autodesk in the fourth quarter valued at $25,000. Archer Investment Corp grew its holdings in shares of Autodesk by 112.2% during the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after buying an additional 46 shares during the last quarter. Finally, Prosperity Bancshares Inc acquired a new position in shares of Autodesk during the fourth quarter valued at about $27,000. 90.24% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the company. Morgan Stanley lowered their price target 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 reduced their target price on shares of Autodesk from $350.00 to $330.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Rothschild & Co Redburn reduced their target price on shares of Autodesk from $375.00 to $360.00 and set a “buy” rating for the company in a research note on Monday, June 1st. UBS Group reissued a “buy” rating on shares of Autodesk in a research report on Friday, May 29th. Finally, DA Davidson restated a “buy” rating and set a $325.00 price target on shares of Autodesk in a report on Friday, May 29th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $321.07.
Insiders Place Their Bets
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 John T. Cahill bought 2,000 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was bought at an average cost of $189.20 per share, for a total transaction of $378,400.00. Following the completion of the acquisition, the director directly 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 90 days, insiders acquired 7,935 shares of company stock worth $1,666,644. 0.14% of the stock is currently owned by company insiders.
Autodesk Stock Performance
Shares of ADSK opened at $251.29 on Thursday. Autodesk, Inc. has a 12-month low of $185.50 and a 12-month high of $329.09. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78. The company has a market cap of $53.02 billion, a PE ratio of 36.63, a price-to-earnings-growth ratio of 1.51 and a beta of 1.29. The stock has a 50-day moving average price of $217.70 and a 200-day moving average price of $231.63.
Autodesk (NASDAQ:ADSK – Get Free Report) last released its earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, beating 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 firm’s revenue was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the firm 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. As a group, equities analysts forecast that Autodesk, Inc. will post 9.7 earnings per share for the current fiscal year.
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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