Harvey Capital Management Inc. Purchases New Position in Autodesk, Inc. $ADSK

Harvey Capital Management Inc. purchased a new position in Autodesk, Inc. (NASDAQ:ADSK) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,330 shares of the software company’s stock, valued at approximately $1,814,000.

Other large investors have also bought and sold shares of the company. CENTRAL TRUST Co grew its holdings in shares of Autodesk by 6.2% during the 4th quarter. CENTRAL TRUST Co now owns 759 shares of the software company’s stock worth $225,000 after acquiring an additional 44 shares during the period. Smithfield Trust Co lifted its stake in shares of Autodesk by 5.3% in the 4th quarter. Smithfield Trust Co now owns 893 shares of the software company’s stock valued at $266,000 after purchasing an additional 45 shares during the period. Calydon Capital boosted its position in shares of Autodesk by 1.7% during the fourth quarter. Calydon Capital now owns 2,726 shares of the software company’s stock valued at $807,000 after purchasing an additional 45 shares in the last quarter. Archer Investment Corp grew its stake in Autodesk by 112.2% in the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after purchasing an additional 46 shares during the period. Finally, Sunbelt Securities Inc. grew its stake in Autodesk by 5.3% in the third quarter. Sunbelt Securities Inc. now owns 1,029 shares of the software company’s stock worth $327,000 after purchasing an additional 52 shares during the period. 90.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on ADSK. The Goldman Sachs Group initiated coverage on Autodesk in a research report on Tuesday, August 11th. They set a “neutral” rating and a $260.00 price objective for the company. Wells Fargo & Company decreased their price target 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. Barclays reissued an “overweight” rating on shares of Autodesk in a research report on Wednesday, August 19th. Bank of America restated a “buy” rating and issued a $300.00 price objective on shares of Autodesk in a report on Tuesday, May 12th. Finally, Weiss Ratings downgraded shares of Autodesk from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 10th. Two 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’s stock. According to MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and an average target price of $322.97.

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $270.58 on Friday. Autodesk, Inc. has a 1-year low of $185.50 and a 1-year high of $329.09. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.83. The business has a fifty day moving average price of $224.60 and a 200-day moving average price of $232.09. The company has a market capitalization of $57.09 billion, a PE ratio of 39.44, a PEG ratio of 1.56 and a beta of 1.29.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.12 by $0.18. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the previous year, the business posted $2.62 EPS. Autodesk’s revenue was up 16.1% compared to the same quarter last year. 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, equities analysts expect that Autodesk, Inc. will post 9.7 EPS for the current fiscal year.

Insider Activity at Autodesk

In other news, Director John T. Cahill acquired 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, for a total transaction of $378,400.00. Following the acquisition, the director directly owned 4,000 shares in the company, valued at approximately $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 can be accessed through this link. Also, EVP Janesh Moorjani acquired 2,500 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was acquired 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 directly owned 50,993 shares in the company, valued at $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. Corporate insiders own 0.14% of the company’s stock.

Autodesk News Roundup

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Quarterly results exceeded expectations: Autodesk reported adjusted earnings of $3.30 per share versus the $3.12 consensus estimate, while revenue rose 16.1% year over year to $2.05 billion, ahead of the $2.01 billion forecast. Earnings also increased from $2.62 per share in the prior-year quarter. Autodesk Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Full-year outlook was raised: Autodesk now expects fiscal 2027 adjusted EPS of $12.52-$12.60, above the $12.02 analyst consensus, and revenue of $8.6-$8.7 billion versus the $8.2 billion consensus. The outlook suggests continued demand for its design and engineering software. Autodesk Posts Strong Q2 Results, Raises 2027 Outlook
• Positive Sentiment: Growth remained broad and strategically supported: Management highlighted AI-powered project intelligence and connected data as tools that could improve customer productivity and help address labor shortages. Revenue growth was 14% on a constant-currency basis. Autodesk Fiscal 2027 Second Quarter Results
• Neutral Sentiment: Near-term guidance was mixed: Autodesk forecast third-quarter EPS of $3.04-$3.09 and revenue of approximately $2.1 billion. While some published comparisons show the EPS range above consensus, reports noted that the profit outlook fell short of higher investor expectations, pressuring the shares in after-hours trading. Autodesk Forecasts Quarterly Profit Below Wall Street Estimates
• Negative Sentiment: AI disruption remains a risk: Investors are concerned that rapidly improving AI tools could reduce the value of traditional design-software workflows or increase competitive pressure, making future growth and pricing power less certain. Autodesk Shares Slip as Q3 EPS Guidance Comes in Below Estimates

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.