24,837,233 Shares in Autodesk, Inc. $ADSK Bought by BlackRock Inc.

Key Points

• BlackRock acquired 24.84 million Autodesk shares worth approximately $4.83 billion, giving it an estimated 11.77% stake. Institutional investors collectively own 90.24% of Autodesk.
• Autodesk reported quarterly EPS of $2.99, surpassing estimates of $2.84, while revenue rose 18.4% year over year to $1.93 billion. The company provided fiscal 2027 EPS guidance of $12.40–$12.65.
• Analysts maintain a generally positive view, with a “Moderate Buy” consensus and average price target of $321.07, despite several recent target-price reductions. Insiders have also purchased 7,935 shares worth about $1.67 million over the past 90 days.

BlackRock Inc. bought a new stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 24,837,233 shares of the software company's stock, valued at approximately $4,828,855,000. BlackRock Inc. owned approximately 11.77% of Autodesk as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC purchased a new stake in shares of Autodesk during the 3rd quarter worth about $25,000. Kemnay Advisory Services Inc. purchased a new position in shares of Autodesk in the 4th quarter valued at about $25,000. Torren Management LLC acquired a new stake in Autodesk in the fourth quarter valued at approximately $25,000. Archer Investment Corp increased its position in shares of Autodesk by 112.2% in the fourth quarter. Archer Investment Corp now owns 87 shares of the software company's stock valued at $26,000 after buying an additional 46 shares in the last quarter. Finally, Prosperity Bancshares Inc purchased a new stake in shares of Autodesk in the fourth quarter valued at approximately $27,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Stock Up 2.1%

ADSK stock opened at $246.79 on Wednesday. Autodesk, Inc. has a one year low of $185.50 and a one year high of $329.09. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 0.83. The company has a fifty day moving average of $217.10 and a 200-day moving average of $231.66. The stock has a market capitalization of $52.07 billion, a PE ratio of 35.98, a price-to-earnings-growth ratio of 1.54 and a beta of 1.29.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.84 by $0.15. The company had revenue of $1.93 billion during the quarter, compared to analysts' expectations of $1.89 billion. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The firm's quarterly revenue was up 18.4% compared to the same quarter last year. During the same period last year, the company 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. As a group, analysts expect that Autodesk, Inc. will post 9.7 EPS for the current year.

Analyst Ratings Changes

ADSK has been the topic of several recent research reports. Guggenheim started coverage on shares of Autodesk in a research note on Wednesday, July 22nd. They set a "buy" rating and a $245.00 target price on the stock. Loop Capital cut their price objective on shares of Autodesk from $250.00 to $235.00 and set a "hold" rating for the company in a report on Friday, May 29th. Rothschild & Co Redburn dropped their target price on Autodesk from $375.00 to $360.00 and set a "buy" rating for the company in a report on Monday, June 1st. Royal Bank Of Canada cut their target price on Autodesk from $335.00 to $305.00 and set an "outperform" rating for the company in a research note on Friday, May 29th. Finally, Wells Fargo & Company dropped their price target on shares of Autodesk from $350.00 to $330.00 and set an "overweight" rating for the company in a research report on Friday, May 29th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $321.07.

Insider Activity at Autodesk

In related news, Director John T. Cahill bought 2,000 shares of the business's stock in a transaction dated Tuesday, June 23rd. The shares were acquired at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the purchase, the director owned 4,000 shares in the company, valued at $756,800. This trade represents a 100.00% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Janesh Moorjani acquired 2,500 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were acquired at an average cost of $197.67 per share, with a total value of $494,175.00. Following the transaction, the executive vice president owned 50,993 shares in the company, valued at approximately $10,079,786.31. The trade was a 5.16% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have acquired 7,935 shares of company stock worth $1,666,644. 0.14% of the stock is currently owned by corporate insiders.

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.

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