4,818 Shares in Autodesk, Inc. $ADSK Bought by Oppenheimer Asset Management Inc.

Key Points

• Oppenheimer Asset Management bought 4,818 Autodesk shares worth approximately $937,000 in the second quarter, while institutional investors collectively own 90.24% of the stock.
• Autodesk insiders purchased 7,935 shares valued at $1.67 million over the past 90 days, including acquisitions by directors John T. Cahill and Stacy J. Smith.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $321.07. Autodesk recently beat quarterly earnings and revenue estimates, reporting $2.99 in EPS and $1.93 billion in revenue, up 18.4% year over year.

Oppenheimer Asset Management Inc. bought a new stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,818 shares of the software company's stock, valued at approximately $937,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in Autodesk by 14.5% during the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company's stock worth $343,000 after acquiring an additional 147 shares in the last quarter. Sivia Capital Partners LLC grew its stake in Autodesk by 98.1% in the second quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company's stock valued at $765,000 after purchasing an additional 1,224 shares in the last quarter. Schnieders Capital Management LLC. bought a new position in Autodesk in the second quarter valued at approximately $466,000. Baird Financial Group Inc. increased its position in shares of Autodesk by 7.5% during the 2nd quarter. Baird Financial Group Inc. now owns 10,048 shares of the software company's stock worth $3,111,000 after purchasing an additional 701 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of Autodesk by 25.3% during the 2nd quarter. NewEdge Advisors LLC now owns 13,860 shares of the software company's stock worth $4,291,000 after purchasing an additional 2,795 shares in the last quarter. 90.24% of the stock is owned by institutional investors.

Insider Activity at Autodesk

In other Autodesk news, Director John T. Cahill acquired 2,000 shares of the company's stock in a transaction on Tuesday, June 23rd. The stock was acquired at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the purchase, the director directly owned 4,000 shares of the company's stock, valued at $756,800. This trade represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stacy J. Smith acquired 3,435 shares of the company's stock in a transaction on Friday, May 29th. The stock was acquired at an average price of $231.17 per share, with a total value of $794,068.95. Following the purchase, the director directly owned 26,517 shares in the company, valued at approximately $6,129,934.89. This represents a 14.88% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought 7,935 shares of company stock worth $1,666,644 in the last ninety days. 0.14% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ADSK shares. Zacks Research downgraded Autodesk from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 14th. Rosenblatt Securities restated a "buy" rating and set a $330.00 target price on shares of Autodesk in a report on Monday, June 1st. Rothschild & Co Redburn dropped their price target on shares of Autodesk from $375.00 to $360.00 and set a "buy" rating on the stock in a research report on Monday, June 1st. Jefferies Financial Group upgraded shares of Autodesk to a "strong-buy" rating in a research note on Tuesday, May 26th. Finally, Barclays decreased their price objective on shares of Autodesk from $315.00 to $300.00 and set an "overweight" rating for the company in a research report on Wednesday, May 13th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $321.07.

Autodesk Price Performance

Autodesk stock opened at $251.66 on Monday. The company's 50-day moving average price is $216.31 and its two-hundred day moving average price is $232.00. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.78. The stock has a market cap of $53.10 billion, a P/E ratio of 36.69, a P/E/G ratio of 1.54 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 - Get Free Report) last posted its earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, beating the consensus estimate of $2.84 by $0.15. The company had revenue of $1.93 billion for 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%.The firm's revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $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.

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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