Autodesk, Inc. $ADSK Shares Purchased by Railway Pension Investments Ltd

Railway Pension Investments Ltd increased its holdings in Autodesk, Inc. (NASDAQ:ADSKFree Report) by 44.9% in the 2nd quarter, HoldingsChannel reports. The fund owned 200,292 shares of the software company’s stock after purchasing an additional 62,100 shares during the quarter. Railway Pension Investments Ltd’s holdings in Autodesk were worth $38,941,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Autodesk in the 2nd quarter valued at approximately $4,828,855,000. Bank of America Corp DE purchased a new stake in Autodesk in the second quarter valued at approximately $576,727,000. Norges Bank acquired a new position in Autodesk during the fourth quarter worth $867,480,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Autodesk by 44,345.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,280,515 shares of the software company’s stock valued at $675,055,000 after acquiring an additional 2,275,384 shares during the period. Finally, Legal & General Group Plc acquired a new position in Autodesk in the 2nd quarter valued at about $422,928,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ADSK shares. Citigroup raised their price objective on shares of Autodesk from $269.00 to $276.00 and gave the company a “neutral” rating in a research note on Monday. Morgan Stanley dropped their price target on shares of Autodesk from $350.00 to $315.00 and set an “overweight” rating for the company in a research note on Tuesday, May 26th. Royal Bank Of Canada decreased their target price on Autodesk from $335.00 to $305.00 and set an “outperform” rating for the company in a report on Friday, May 29th. UBS Group boosted their target price on Autodesk from $290.00 to $325.00 and gave the stock a “buy” rating in a research note on Friday. Finally, BNP Paribas Exane boosted their price objective on Autodesk from $295.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday. Two analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $319.62.

Get Our Latest Report on ADSK

Autodesk Trading Down 0.8%

NASDAQ:ADSK opened at $258.53 on Tuesday. Autodesk, Inc. has a 1 year low of $185.50 and a 1 year high of $329.09. The stock has a market cap of $54.55 billion, a P/E ratio of 33.45, a P/E/G ratio of 1.60 and a beta of 1.29. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.83 and a current ratio of 0.86. The stock has a 50-day simple moving average of $227.35 and a 200-day simple moving average of $232.32.

Autodesk (NASDAQ:ADSKGet Free Report) last announced its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 EPS for the quarter, beating the consensus estimate of $3.12 by $0.18. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period in the prior year, the firm posted $2.62 earnings per share. The firm’s revenue was up 16.1% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. As a group, analysts anticipate that Autodesk, Inc. will post 9.7 earnings per share for the current fiscal year.

Insider Activity

In related news, Director John T. Cahill purchased 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were purchased at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the transaction, the director directly owned 4,000 shares of the company’s stock, valued at approximately $756,800. The trade was a 100.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Janesh Moorjani acquired 2,500 shares of Autodesk stock in a transaction on Monday, June 15th. The shares were bought at an average cost of $197.67 per share, with a total value of $494,175.00. Following the completion of the purchase, the executive vice president owned 50,993 shares in the company, valued at $10,079,786.31. The trade was a 5.16% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.14% of the company’s stock.

Autodesk News Roundup

Here are the key news stories impacting Autodesk this week:

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.

Recommended Stories

Want to see what other hedge funds are holding ADSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autodesk, Inc. (NASDAQ:ADSKFree Report).

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

Receive News & Ratings for Autodesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk and related companies with MarketBeat.com's FREE daily email newsletter.