J. Safra Sarasin Holding AG Has $5.32 Million Holdings in Autodesk, Inc. $ADSK

J. Safra Sarasin Holding AG decreased its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 47.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,254 shares of the software company’s stock after selling 20,033 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Autodesk were worth $5,315,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Torren Management LLC purchased a new stake in shares of Autodesk in the fourth quarter worth approximately $25,000. Measured Wealth Private Client Group LLC purchased a new position in Autodesk during the third quarter worth about $25,000. Kemnay Advisory Services Inc. bought a new position in shares of Autodesk in the fourth quarter valued at approximately $25,000. Archer Investment Corp grew its stake in Autodesk by 112.2% in the 4th 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, Prosperity Bancshares Inc purchased a new stake in Autodesk during the fourth quarter worth about $27,000. 90.24% of the stock is owned by institutional investors.

Insider Buying and Selling at Autodesk

In related news, EVP Janesh Moorjani purchased 2,500 shares of Autodesk stock in a transaction dated Monday, June 15th. The stock was 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 in the company, valued at $10,079,786.31. This trade represents a 5.16% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stacy J. Smith acquired 3,435 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were bought at an average cost of $231.17 per share, for a total transaction of $794,068.95. Following the acquisition, the director directly owned 26,517 shares in the company, valued at $6,129,934.89. This represents a 14.88% 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 90 days. 0.14% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ADSK has been the topic of several research reports. Bank of America reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Autodesk in a research report on Tuesday, May 12th. DA Davidson reaffirmed a “buy” rating and issued a $325.00 price target on shares of Autodesk in a report on Friday, May 29th. Citigroup lifted their price target on shares of Autodesk from $246.00 to $252.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. Jefferies Financial Group raised Autodesk to a “strong-buy” rating in a report on Tuesday, May 26th. Finally, Loop Capital decreased their target price on Autodesk from $250.00 to $235.00 and set a “hold” rating for the company in a research report on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Autodesk presently has an average rating of “Moderate Buy” and an average price target of $326.10.

Autodesk Price Performance

ADSK opened at $212.22 on Tuesday. The company has a market capitalization of $44.78 billion, a price-to-earnings ratio of 30.94, a PEG ratio of 1.28 and a beta of 1.32. 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 firm has a 50-day moving average price of $220.18 and a 200-day moving average price of $240.35. Autodesk, Inc. has a twelve month low of $185.50 and a twelve month high of $329.09.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.15. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The company’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter 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. Equities analysts expect that Autodesk, Inc. will post 9.64 EPS for the current year.

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.