Formuepleje A S Raises Position in Autodesk, Inc. $ADSK

Formuepleje A S raised its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 160.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,293 shares of the software company’s stock after acquiring an additional 7,571 shares during the period. Formuepleje A S’s holdings in Autodesk were worth $2,390,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of ADSK. Measured Wealth Private Client Group LLC bought a new position in shares of Autodesk in the third quarter worth approximately $25,000. Kemnay Advisory Services Inc. bought a new stake in Autodesk during the fourth quarter valued at approximately $25,000. Prosperity Bancshares Inc purchased a new position in Autodesk in the 4th quarter worth approximately $27,000. Swiss RE Ltd. purchased a new position in Autodesk in the 4th quarter worth approximately $32,000. Finally, Ascentis Independent Advisors bought a new position in shares of Autodesk in the 1st quarter worth $28,000. Institutional investors own 90.24% of the company’s stock.

Insider Buying and Selling at Autodesk

In related news, Director John Cahill purchased 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was bought at an average cost of $189.20 per share, with a total value of $378,400.00. Following the completion of the purchase, the director directly owned 4,000 shares in the company, valued at approximately $756,800. This represents a 100.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Janesh Moorjani bought 2,500 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was purchased at an average cost of $197.67 per share, with a total value of $494,175.00. Following the transaction, the executive vice president directly owned 50,993 shares in the company, valued at approximately $10,079,786.31. This represents a 5.16% increase in their position. The SEC filing for this purchase provides additional information. 0.14% of the stock is currently owned by corporate insiders.

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $217.90 on Monday. The stock has a market cap of $45.54 billion, a PE ratio of 28.19, a PEG ratio of 1.43 and a beta of 1.31. The company’s fifty day moving average is $230.90 and its 200 day moving average is $232.51. Autodesk, Inc. has a 52 week low of $185.50 and a 52 week high of $329.09. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.59.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, August 27th. The software company reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.18. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. Autodesk had a return on equity of 58.63% and a net margin of 21.08%.The business’s revenue was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.62 earnings per share. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. Research analysts anticipate that Autodesk, Inc. will post 9.64 earnings per share for the current year.

Analyst Ratings Changes

ADSK has been the subject of a number of research analyst reports. Rothschild & Co Redburn dropped their price objective on shares of Autodesk from $375.00 to $360.00 and set a “buy” rating for the company in a report on Monday, June 1st. Robert W. Baird increased their target price on Autodesk from $312.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, August 21st. Royal Bank Of Canada lowered their price target on Autodesk from $335.00 to $305.00 and set an “outperform” rating on the stock in a research report on Friday, May 29th. Citigroup lifted their price target on Autodesk from $269.00 to $276.00 and gave the stock a “neutral” rating in a research note on Monday, August 31st. Finally, Bank of America reiterated a “buy” rating and issued a $300.00 price objective on shares of Autodesk in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $321.19.

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.