53,095 Shares in Autodesk, Inc. $ADSK Purchased by Varma Mutual Pension Insurance Co

Varma Mutual Pension Insurance Co acquired a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 53,095 shares of the software company’s stock, valued at approximately $10,323,000.

Several other hedge funds and other institutional investors have also made changes to their positions in ADSK. Torren Management LLC acquired a new stake in shares of Autodesk in the fourth quarter worth approximately $25,000. Measured Wealth Private Client Group LLC purchased a new position in Autodesk in the 3rd quarter valued at $25,000. Kemnay Advisory Services Inc. acquired a new stake in Autodesk during the 4th quarter worth $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 worth $26,000 after buying an additional 46 shares in the last quarter. Finally, Prosperity Bancshares Inc acquired a new stake in shares of Autodesk in the fourth quarter valued at about $27,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analysts Set New Price Targets

ADSK has been the subject of several research reports. Barclays reaffirmed an “overweight” rating on shares of Autodesk in a research note on Wednesday. BTIG Research restated a “buy” rating and issued a $300.00 price target on shares of Autodesk in a research report on Friday, May 29th. Bank of America reiterated a “buy” rating and set a $300.00 price objective on shares of Autodesk in a research report on Tuesday, May 12th. DA Davidson reaffirmed a “buy” rating and issued a $325.00 target price on shares of Autodesk in a research note on Friday, May 29th. Finally, Morgan Stanley lowered their price target on shares of Autodesk from $350.00 to $315.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 26th. Two research 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $321.65.

Autodesk Trading Down 0.0%

Shares of ADSK stock opened at $253.82 on Monday. Autodesk, Inc. has a 1-year low of $185.50 and a 1-year high of $329.09. The firm has a market cap of $53.56 billion, a PE ratio of 37.00, a price-to-earnings-growth ratio of 1.55 and a beta of 1.29. The company has a 50-day moving average of $219.71 and a two-hundred day moving average of $231.61. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.83.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the previous year, the firm earned $2.29 EPS. The business’s 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. On average, analysts predict that Autodesk, Inc. will post 9.7 EPS for the current year.

Insider Buying and Selling at Autodesk

In other news, EVP Janesh Moorjani bought 2,500 shares of the business’s stock in a transaction on Monday, June 15th. The shares were bought 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 directly owned 50,993 shares in the company, valued at $10,079,786.31. This trade represents a 5.16% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John T. Cahill purchased 2,000 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were purchased at an average price of $189.20 per share, with a total value of $378,400.00. Following the completion of the transaction, the director owned 4,000 shares of the company’s stock, valued at approximately $756,800. This trade represents a 100.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought a total of 7,935 shares of company stock valued at $1,666,644 over the last quarter. 0.14% of the stock is owned by company insiders.

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.