Northwestern Mutual Wealth Management Co. Grows Position in Autodesk, Inc. $ADSK

Northwestern Mutual Wealth Management Co. raised its position in Autodesk, Inc. (NASDAQ:ADSK) by 395.4% in the second quarter, Holdings Channel.com reports. The institutional investor owned 24,842 shares of the software company’s stock after purchasing an additional 19,827 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Autodesk were worth $4,830,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Measured Wealth Private Client Group LLC acquired a new stake in Autodesk during the 3rd quarter worth $25,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Autodesk in the fourth quarter valued at about $25,000. Prosperity Bancshares Inc acquired a new stake in shares of Autodesk during the fourth quarter worth about $27,000. Ascentis Independent Advisors purchased a new position in shares of Autodesk during the first quarter worth about $28,000. Finally, Johnson Financial Group Inc. purchased a new stake in Autodesk during the 2nd quarter valued at approximately $30,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ADSK has been the topic of several analyst reports. Weiss Ratings upgraded Autodesk from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. The Goldman Sachs Group started coverage on shares of Autodesk in a research report on Tuesday, August 11th. They issued a “neutral” rating and a $260.00 price objective on the stock. Barclays reissued an “overweight” rating on shares of Autodesk in a research note on Wednesday, August 19th. Guggenheim lifted their target price on shares of Autodesk from $277.00 to $283.00 and gave the company a “buy” rating in a report on Friday, August 28th. Finally, Jefferies Financial Group raised shares of Autodesk to a “strong-buy” rating in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $321.19.

Insider Activity at Autodesk

In other news, EVP Janesh Moorjani purchased 2,500 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were acquired at an average price 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. The trade was a 5.16% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John Cahill acquired 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was purchased at an average cost of $189.20 per share, with a total value of $378,400.00. Following the completion of the purchase, the director directly owned 4,000 shares in the company, valued at $756,800. This represents a 100.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.14% of the stock is owned by insiders.

Autodesk Price Performance

Autodesk stock opened at $237.52 on Friday. The company has a market cap of $49.64 billion, a P/E ratio of 30.73, a price-to-earnings-growth ratio of 1.59 and a beta of 1.31. Autodesk, Inc. has a one year low of $185.50 and a one year high of $329.09. The business has a fifty day moving average of $230.47 and a two-hundred day moving average of $232.60. 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 (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.12 by $0.18. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. The business’s revenue was up 16.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.62 EPS. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. As a group, analysts predict that Autodesk, Inc. will post 9.63 earnings per share for the current fiscal 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.