12,000 Shares in Autodesk, Inc. $ADSK Purchased by Osterweis Capital Management Inc.

Key Points

• Osterweis Capital Management initiated a position in Autodesk by purchasing 12,000 shares valued at approximately $2.33 million. Institutional investors and hedge funds collectively own 90.24% of the company.
• Autodesk reported quarterly earnings of $2.99 per share, exceeding the $2.84 consensus estimate, while revenue rose 18.4% year over year to $1.93 billion.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $321.65, above the reported share price of $251.21; company insiders also purchased shares during the quarter.

Osterweis Capital Management Inc. bought a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,000 shares of the software company's stock, valued at approximately $2,333,000.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Autodesk during the 2nd quarter worth $4,828,855,000. Norges Bank acquired a new position in Autodesk during the fourth quarter worth about $867,480,000. Northwestern Mutual Wealth Management Co. grew its stake in 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 valued at $675,055,000 after acquiring an additional 2,275,384 shares in the last quarter. Legal & General Group Plc acquired a new stake in Autodesk in the 2nd quarter valued at about $422,928,000. Finally, Deutsche Bank AG acquired a new stake in Autodesk in the 2nd quarter valued at about $322,851,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Stock Down 1.3%

Shares of NASDAQ:ADSK opened at $251.21 on Wednesday. The company has a market capitalization of $53.01 billion, a price-to-earnings ratio of 36.62, a PEG ratio of 1.56 and a beta of 1.29. Autodesk, Inc. has a 12-month low of $185.50 and a 12-month high of $329.09. The business has a 50-day moving average price of $221.83 and a 200 day moving average price of $231.76. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced its earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.15. The company had revenue of $1.93 billion during 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%. Autodesk's revenue was up 18.4% compared to the same quarter last year. During the same quarter last 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. Sell-side analysts expect that Autodesk, Inc. will post 9.7 EPS for the current year.

Insider Buying and Selling at Autodesk

In other news, EVP Janesh Moorjani purchased 2,500 shares of the firm's stock in a transaction on Monday, June 15th. The shares were bought at an average cost of $197.67 per share, for a total transaction of $494,175.00. Following the completion of the purchase, the executive vice president directly owned 50,993 shares of the company's stock, valued at approximately $10,079,786.31. This trade represents a 5.16% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John T. Cahill acquired 2,000 shares of the firm's stock in a transaction dated Tuesday, June 23rd. The shares were purchased at an average cost of $189.20 per share, with a total value of $378,400.00. Following the completion of the transaction, the director owned 4,000 shares in the company, valued at approximately $756,800. The trade was a 100.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 7,935 shares of company stock valued at $1,666,644 over the last quarter. 0.14% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ADSK has been the subject of a number of analyst reports. Bank of America restated a "buy" rating and issued a $300.00 price target on shares of Autodesk in a research report on Tuesday, May 12th. DA Davidson restated a "buy" rating and issued a $325.00 target price on shares of Autodesk in a report on Friday, May 29th. Robert W. Baird lifted their price target on Autodesk from $312.00 to $325.00 and gave the stock an "outperform" rating in a report on Friday, August 21st. Jefferies Financial Group raised shares of Autodesk to a "strong-buy" rating in a report on Tuesday, May 26th. Finally, Morgan Stanley reduced their target price on shares of Autodesk from $350.00 to $315.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $321.65.

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.

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