Autodesk, Inc. $ADSK Shares Purchased by Erste Asset Management GmbH

Erste Asset Management GmbH grew its position in Autodesk, Inc. (NASDAQ:ADSK) by 57.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 565,616 shares of the software company’s stock after purchasing an additional 207,275 shares during the period. Autodesk makes up approximately 0.9% of Erste Asset Management GmbH’s holdings, making the stock its 23rd biggest position. Erste Asset Management GmbH’s holdings in Autodesk were worth $110,346,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in ADSK. Torren Management LLC acquired a new position in shares of Autodesk during the fourth quarter worth approximately $25,000. Measured Wealth Private Client Group LLC acquired a new stake in Autodesk in the 3rd quarter valued at approximately $25,000. Kemnay Advisory Services Inc. bought a new stake in Autodesk during the 4th quarter valued at $25,000. Archer Investment Corp raised its stake in Autodesk by 112.2% during the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after acquiring an additional 46 shares in the last quarter. Finally, Prosperity Bancshares Inc acquired a new position in Autodesk during the 4th quarter worth $27,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $257.96 on Friday. Autodesk, Inc. has a twelve month low of $185.50 and a twelve month high of $329.09. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78. The firm has a 50-day moving average of $215.88 and a two-hundred day moving average of $232.15. The company has a market capitalization of $54.43 billion, a price-to-earnings ratio of 37.60, a PEG ratio of 1.53 and a beta of 1.29.

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

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Weiss Ratings lowered Autodesk from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 10th. Royal Bank Of Canada decreased their target price on shares of Autodesk from $335.00 to $305.00 and set an “outperform” rating for the company in a research report on Friday, May 29th. Bank of America restated a “buy” rating and set a $300.00 price target on shares of Autodesk in a research report on Tuesday, May 12th. The Goldman Sachs Group assumed coverage on shares of Autodesk in a research note on Tuesday. They issued a “neutral” rating and a $260.00 price target for the company. Finally, Morgan Stanley decreased their price objective on shares of Autodesk from $350.00 to $315.00 and set an “overweight” rating for the company in a report on Tuesday, May 26th. Three equities research 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 data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $321.07.

Insiders Place Their Bets

In other news, Director Stacy J. Smith bought 3,435 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were acquired at an average cost of $231.17 per share, with a total value of $794,068.95. Following the completion of the transaction, the director directly owned 26,517 shares in the company, valued at approximately $6,129,934.89. The trade was a 14.88% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John T. Cahill purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The shares were purchased at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the acquisition, the director directly owned 4,000 shares of the company’s stock, valued at $756,800. This trade represents a 100.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 7,935 shares of company stock worth $1,666,644 over the last ninety days. 0.14% of the stock is currently owned by company insiders.

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.