Meeder Advisory Services Inc. Makes New Investment in Autodesk, Inc. $ADSK

Meeder Advisory Services Inc. purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,755 shares of the software company’s stock, valued at approximately $1,119,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in Autodesk in the 2nd quarter valued at $4,828,855,000. Norges Bank acquired a new stake in shares of Autodesk in the 4th quarter worth $867,480,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Autodesk by 44,345.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,280,515 shares of the software company’s stock worth $675,055,000 after acquiring an additional 2,275,384 shares during the period. Deutsche Bank AG acquired a new position in shares of Autodesk during the 2nd quarter valued at about $322,851,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Autodesk during the 2nd quarter valued at about $228,908,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Buying and Selling at Autodesk

In related news, Director Stacy J. Smith acquired 3,435 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was purchased at an average price of $231.17 per share, with a total value of $794,068.95. Following the transaction, the director owned 26,517 shares of the company’s stock, valued at approximately $6,129,934.89. This trade represents a 14.88% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John T. Cahill bought 2,000 shares of the company’s stock in a transaction that occurred on 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 acquisition, the director directly owned 4,000 shares in the company, valued at $756,800. The trade was a 100.00% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 7,935 shares of company stock worth $1,666,644 over the last three months. Insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ADSK shares. KeyCorp restated an “overweight” rating on shares of Autodesk in a research report on Wednesday. BMO Capital Markets decreased their target price on shares of Autodesk from $279.00 to $262.00 and set a “market perform” rating on the stock in a report on Friday, May 29th. Barclays reissued an “overweight” rating on shares of Autodesk in a research note on Wednesday. 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. Finally, Guggenheim initiated coverage on shares of Autodesk in a research report on Wednesday, July 22nd. They set a “buy” rating and a $245.00 price target on the stock. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Autodesk currently has a consensus rating of “Moderate Buy” and an average target price of $321.07.

Autodesk Stock Performance

NASDAQ ADSK opened at $251.29 on Thursday. The stock has a fifty day simple moving average of $217.70 and a 200-day simple moving average of $231.63. 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 stock has a market cap of $53.02 billion, a PE ratio of 36.63, a P/E/G ratio of 1.51 and a beta of 1.29. Autodesk, Inc. has a twelve month low of $185.50 and a twelve month high of $329.09.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data 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. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same period in the previous year, the firm earned $2.29 EPS. Autodesk’s revenue 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. Equities analysts anticipate that Autodesk, Inc. will post 9.7 earnings per share for the current year.

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.