Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK – Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,783 shares of the software company’s stock, valued at approximately $541,000.
A number of other institutional investors and hedge funds 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 valued at approximately $25,000. Kemnay Advisory Services Inc. bought a new stake in Autodesk during the 4th quarter worth approximately $25,000. Torren Management LLC bought a new stake in Autodesk during the 4th quarter worth approximately $25,000. Archer Investment Corp lifted its stake in Autodesk by 112.2% in the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after purchasing an additional 46 shares in the last quarter. Finally, Prosperity Bancshares Inc purchased a new stake in Autodesk in the 4th quarter worth approximately $27,000. 90.24% of the stock is owned by hedge funds and other institutional investors.
Autodesk Stock Performance
Autodesk stock opened at $270.58 on Friday. Autodesk, Inc. has a fifty-two week low of $185.50 and a fifty-two week high of $329.09. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market cap of $57.09 billion, a P/E ratio of 39.44, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29. The firm’s fifty day moving average price is $224.60 and its 200-day moving average price is $232.09.
Insider Transactions at Autodesk
In related news, Director John T. Cahill bought 2,000 shares of the stock in a transaction dated Tuesday, June 23rd. The stock was bought at an average price of $189.20 per share, with a total value of $378,400.00. Following the purchase, the director owned 4,000 shares in the company, valued at approximately $756,800. The trade was a 100.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Janesh Moorjani bought 2,500 shares of the company’s stock in a transaction that occurred 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 acquisition, 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 disclosure for this purchase is available in the SEC filing. 0.14% of the stock is currently owned by company insiders.
Key Stories Impacting Autodesk
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
Analyst Ratings Changes
A number of research analysts have recently commented on the stock. KeyCorp restated an “overweight” rating on shares of Autodesk in a research report on Wednesday, August 19th. The Goldman Sachs Group began coverage on Autodesk in a research note on Tuesday, August 11th. They set a “neutral” rating and a $260.00 price objective for the company. Guggenheim set a $283.00 target price on Autodesk in a research report on Friday. Robert W. Baird upped their target price on Autodesk from $312.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, August 21st. Finally, Barclays reaffirmed an “overweight” rating on shares of Autodesk in a report on Wednesday, August 19th. 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 company’s stock. Based on data from MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and an average price target of $322.97.
Read Our Latest Report on ADSK
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.
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