2,177 Shares in Autodesk, Inc. $ADSK Bought by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 2,177 shares of the software company’s stock, valued at approximately $423,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Torren Management LLC purchased a new stake in shares of Autodesk in the fourth quarter worth about $25,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Autodesk in the third quarter valued at about $25,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Autodesk during the 4th quarter valued at about $25,000. Archer Investment Corp lifted its position in Autodesk by 112.2% during the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after acquiring an additional 46 shares in the last quarter. Finally, Prosperity Bancshares Inc acquired a new position in Autodesk during the 4th quarter worth approximately $27,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Stock Performance

Shares of ADSK stock opened at $251.21 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 0.83. Autodesk, Inc. has a one year low of $185.50 and a one year high of $329.09. The company’s 50-day simple moving average is $221.83 and its 200-day simple moving average is $231.76. The stock has a market capitalization of $53.01 billion, a price-to-earnings ratio of 36.62, a PEG ratio of 1.56 and a beta of 1.29.

Autodesk (NASDAQ:ADSK) last announced 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 return on equity of 57.14% and a net margin of 19.49%.The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period in the previous year, the company earned $2.29 earnings per share. Autodesk’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. Equities analysts anticipate that Autodesk, Inc. will post 9.7 earnings per share for the current fiscal year.

Insider Transactions at Autodesk

In other news, Director John T. Cahill purchased 2,000 shares of the stock in a transaction dated Tuesday, June 23rd. The stock was acquired at an average cost of $189.20 per share, for a total transaction of $378,400.00. Following the acquisition, the director owned 4,000 shares of the company’s stock, valued at $756,800. The trade was a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Janesh Moorjani purchased 2,500 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were purchased at an average cost of $197.67 per share, for a total transaction of $494,175.00. Following the completion of the transaction, the executive vice president owned 50,993 shares in the company, valued at approximately $10,079,786.31. This represents a 5.16% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders bought 7,935 shares of company stock worth $1,666,644. 0.14% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Citigroup upped their price target on Autodesk from $252.00 to $269.00 and gave the stock a “neutral” rating in a report on Thursday, August 20th. Wells Fargo & Company reduced their target price on shares of Autodesk from $350.00 to $330.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Barclays restated an “overweight” rating on shares of Autodesk in a research note on Wednesday, August 19th. Royal Bank Of Canada lowered their price target on shares of Autodesk from $335.00 to $305.00 and set an “outperform” rating for the company in a report on Friday, May 29th. Finally, BNP Paribas Exane initiated coverage on shares of Autodesk in a research note on Thursday, June 18th. They set an “outperform” rating and a $295.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Autodesk currently has an average rating of “Moderate Buy” and an average price target of $321.65.

Autodesk 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.