Deutsche Bank AG Makes New Investment in Autodesk, Inc. $ADSK

Deutsche Bank AG bought a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 1,660,585 shares of the software company’s stock, valued at approximately $322,851,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CENTRAL TRUST Co increased its position in shares of Autodesk by 6.2% during the fourth quarter. CENTRAL TRUST Co now owns 759 shares of the software company’s stock worth $225,000 after acquiring an additional 44 shares in the last quarter. Smithfield Trust Co boosted its position in Autodesk by 5.3% in the fourth quarter. Smithfield Trust Co now owns 893 shares of the software company’s stock worth $266,000 after purchasing an additional 45 shares during the last quarter. Calydon Capital boosted its holdings in shares of Autodesk by 1.7% in the 4th quarter. Calydon Capital now owns 2,726 shares of the software company’s stock worth $807,000 after buying an additional 45 shares during the last quarter. Archer Investment Corp grew its holdings in Autodesk by 112.2% during the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after purchasing an additional 46 shares during the period. Finally, Sunbelt Securities Inc. lifted its stake in shares of Autodesk by 5.3% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,029 shares of the software company’s stock valued at $327,000 after buying an additional 52 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Insider Buying and Selling at Autodesk

In other Autodesk news, Director John T. Cahill bought 2,000 shares of Autodesk stock in a transaction on Tuesday, June 23rd. The shares were acquired at an average price of $189.20 per share, for a total transaction 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 trade represents a 100.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Janesh Moorjani bought 2,500 shares of Autodesk stock in a transaction dated Monday, June 15th. The shares were bought 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 of the company’s stock, valued at approximately $10,079,786.31. This trade represents a 5.16% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 7,935 shares of company stock valued at $1,666,644 in the last quarter. 0.14% of the stock is owned by insiders.

Autodesk Price Performance

ADSK stock opened at $241.64 on Tuesday. The firm has a market capitalization of $50.99 billion, a P/E ratio of 35.22, a price-to-earnings-growth ratio of 1.54 and a beta of 1.29. 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 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.78. The company has a fifty day simple moving average of $216.64 and a two-hundred day simple moving average of $231.81.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.15. The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The firm’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.29 earnings per share. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. Analysts anticipate that Autodesk, Inc. will post 9.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on ADSK shares. Royal Bank Of Canada cut 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. Barclays decreased their price target on shares of Autodesk from $315.00 to $300.00 and set an “overweight” rating for the company in a research note on Wednesday, May 13th. Jefferies Financial Group raised shares of Autodesk to a “strong-buy” rating in a research report on Tuesday, May 26th. Zacks Research cut Autodesk from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Finally, Bank of America reaffirmed a “buy” rating and issued a $300.00 target price on shares of Autodesk in a report on Tuesday, May 12th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Autodesk currently has an average rating of “Moderate Buy” and a consensus price target of $321.07.

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.