Munich Reinsurance Co Stock Corp in Munich Purchases 4,742 Shares of Autodesk, Inc. $ADSK

Munich Reinsurance Co Stock Corp in Munich boosted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 14.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,397 shares of the software company’s stock after buying an additional 4,742 shares during the period. Munich Reinsurance Co Stock Corp in Munich’s holdings in Autodesk were worth $7,465,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ADSK. BlackRock Inc. bought a new stake in shares of Autodesk during the 2nd quarter worth approximately $4,828,855,000. State Street Corp increased its stake in Autodesk by 0.7% in the fourth quarter. State Street Corp now owns 10,157,826 shares of the software company’s stock valued at $3,006,818,000 after acquiring an additional 70,053 shares during the last quarter. Geode Capital Management LLC increased its stake in Autodesk by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 5,682,041 shares of the software company’s stock valued at $1,677,404,000 after acquiring an additional 123,691 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Autodesk by 5.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,144,627 shares of the software company’s stock valued at $752,824,000 after purchasing an additional 155,255 shares in the last quarter. Finally, Bank of America Corp DE acquired a new position in Autodesk during the second quarter valued at approximately $576,727,000. 90.24% of the stock is owned by institutional investors.

Insider Transactions at Autodesk

In other news, Director John T. Cahill purchased 2,000 shares of Autodesk stock in a transaction dated Tuesday, June 23rd. The shares were bought at an average cost of $189.20 per share, for a total transaction of $378,400.00. Following the completion of the acquisition, the director 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Janesh Moorjani acquired 2,500 shares of the 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 purchase, the executive vice president directly owned 50,993 shares of the company’s stock, 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 owned by corporate insiders.

Autodesk Stock Performance

NASDAQ ADSK opened at $217.90 on Friday. The firm’s fifty day moving average price is $230.90 and its two-hundred day moving average price is $232.50. The stock has a market cap of $45.54 billion, a PE ratio of 28.19, a PEG ratio of 1.56 and a beta of 1.31. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.83 and a current ratio of 0.86. Autodesk, Inc. has a fifty-two week low of $185.50 and a fifty-two week high of $329.09.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.12 by $0.18. Autodesk had a return on equity of 58.63% and a net margin of 21.08%.The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the prior year, the company earned $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. On average, equities analysts expect that Autodesk, Inc. will post 9.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $330.00 target price on shares of Autodesk in a report on Monday, August 31st. BTIG Research reissued a “buy” rating and set a $300.00 price target on shares of Autodesk in a report on Friday, August 28th. BMO Capital Markets upped their price objective on Autodesk from $262.00 to $283.00 and gave the stock a “market perform” rating in a research report on Friday, August 28th. Royal Bank Of Canada decreased their target price on Autodesk from $335.00 to $305.00 and set an “outperform” rating on the stock in a research report on Friday, May 29th. Finally, KeyCorp reissued an “overweight” rating on shares of Autodesk in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $321.19.

About Autodesk

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.