24,842 Shares in Autodesk, Inc. $ADSK Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. bought a new position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 24,842 shares of the software company's stock, valued at approximately $4,830,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Varma Mutual Pension Insurance Co acquired a new position in shares of Autodesk in the second quarter worth $10,323,000. Westpac Banking Corp acquired a new stake in shares of Autodesk in the second quarter valued at $4,750,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Autodesk in the second quarter valued at $2,016,000. Korea Investment CORP purchased a new position in Autodesk in the second quarter valued at $43,865,000. Finally, EP Wealth Advisors LLC acquired a new position in Autodesk during the 2nd quarter worth $895,000. Hedge funds and other institutional investors own 90.24% of the company's stock.

Insider Transactions at Autodesk

In related news, Director John T. Cahill purchased 2,000 shares of the company's stock in a transaction on Tuesday, June 23rd. The shares were bought at an average cost of $189.20 per share, for a total transaction of $378,400.00. Following the completion of the purchase, the director directly owned 4,000 shares of the company's stock, valued at approximately $756,800. This trade represents a 100.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Janesh Moorjani purchased 2,500 shares of the company's stock in a transaction on Monday, June 15th. The stock was bought at an average price 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 $10,079,786.31. The trade was a 5.16% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have acquired 7,935 shares of company stock valued at $1,666,644. Corporate insiders own 0.14% of the company's stock.

Autodesk Stock Performance

NASDAQ:ADSK opened at $253.82 on Monday. Autodesk, Inc. has a 12 month low of $185.50 and a 12 month high of $329.09. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market capitalization of $53.56 billion, a PE ratio of 37.00, a price-to-earnings-growth ratio of 1.55 and a beta of 1.29. The business's fifty day moving average price is $219.71 and its 200 day moving average price is $231.61.

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ADSK shares. New Street Research set a $277.00 price target on Autodesk in a report on Thursday. Barclays reiterated an "overweight" rating on shares of Autodesk in a research note on Wednesday. UBS Group reissued a "buy" rating on shares of Autodesk in a research report on Friday, May 29th. Jefferies Financial Group upgraded shares of Autodesk to a "strong-buy" rating in a research note on Tuesday, May 26th. Finally, BMO Capital Markets reduced 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. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Autodesk currently has an average rating of "Moderate Buy" and an average price target 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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