70,342 Shares in Autodesk, Inc. $ADSK Acquired by OP Asset Management Ltd

Key Points

• OP Asset Management Ltd opened a new position in Autodesk, buying 70,342 shares valued at about $16.84 million in the first quarter.
• Autodesk recently beat earnings and revenue estimates, reporting $2.99 EPS on $1.93 billion in revenue, while revenue rose 18.4% year over year.
• Wall Street remains broadly positive, with analysts assigning a Moderate Buy consensus and an average price target of $326.10, though some targets have been trimmed recently.

OP Asset Management Ltd bought a new position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 70,342 shares of the software company's stock, valued at approximately $16,840,000.

A number of other large investors have also recently added to or reduced their stakes in ADSK. Torren Management LLC bought a new position in shares of Autodesk during the fourth quarter worth about $25,000. Measured Wealth Private Client Group LLC acquired a new position in Autodesk during the third quarter worth $25,000. Kemnay Advisory Services Inc. bought a new stake in shares of Autodesk in the 4th quarter valued at about $25,000. Archer Investment Corp raised its stake in Autodesk by 112.2% in the 4th quarter. Archer Investment Corp now owns 87 shares of the software company's stock valued at $26,000 after acquiring an additional 46 shares during the period. Finally, Prosperity Bancshares Inc bought a new position in Autodesk in the 4th quarter valued at about $27,000. Institutional investors own 90.24% of the company's stock.

Analyst Ratings Changes

ADSK has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their target price on shares of Autodesk from $319.00 to $336.00 and gave the stock an "overweight" rating in a research report on Friday, February 27th. Rosenblatt Securities reiterated a "buy" rating and issued a $330.00 target price on shares of Autodesk in a research report on Monday, June 1st. Zacks Research downgraded Autodesk from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 14th. Morgan Stanley cut their target price on Autodesk from $350.00 to $315.00 and set an "overweight" rating on the stock in a report on Tuesday, May 26th. Finally, Piper Sandler dropped their price target on Autodesk from $383.00 to $369.00 and set an "overweight" rating on the stock in a research note on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $326.10.

Autodesk Stock Performance

Shares of ADSK opened at $192.61 on Thursday. The stock has a 50 day moving average price of $229.35 and a two-hundred day moving average price of $249.08. Autodesk, Inc. has a 52 week low of $185.50 and a 52 week high of $329.09. The firm has a market capitalization of $40.64 billion, a P/E ratio of 28.08, a P/E/G ratio of 1.16 and a beta of 1.29. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 0.83.

Autodesk (NASDAQ:ADSK - Get Free Report) last released its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, beating analysts' consensus estimates of $2.84 by $0.15. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.Autodesk's quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $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. Equities analysts forecast that Autodesk, Inc. will post 9.64 earnings per share for the current fiscal year.

Key Stories Impacting Autodesk

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Director John Cahill bought 2,000 shares of Autodesk at $189.20, a sign of insider confidence that investors often view as supportive for the stock. Autodesk NASDAQ: ADSK Director John Cahill Acquires 2,000 Shares
• Positive Sentiment: BNP Paribas initiated coverage with an Outperform rating and a $295 price target, adding to Wall Street support for Autodesk. Is Autodesk (ADSK) One of the Best Big Tech Stocks to Buy According to Wall Street Analysts?
• Positive Sentiment: Autodesk committed $350 million over three years to expand free access, AI training, and certifications, which could deepen user adoption and reinforce its long-term ecosystem moat. Is Autodesk’s (ADSK) $350 Million AI Education Push Quietly Reshaping Its Ecosystem Moat?
• Positive Sentiment: The company’s recent earnings beat and solid revenue growth continue to support the broader bullish case, with analysts still expecting meaningful earnings power ahead. Autodesk stock and earnings background
• Neutral Sentiment: Autodesk also raised borrowing capacity through a revolving credit facility, which improves financial flexibility but does not directly change near-term fundamentals. Autodesk (ADSK) Raises Borrowing Capacity Through Revolving Credit Facility Adjustments

Insider Activity at Autodesk

In related news, Director Stacy J. Smith acquired 3,435 shares of the stock in a transaction on Friday, May 29th. The shares were acquired at an average price of $231.17 per share, with a total value of $794,068.95. Following the completion of the transaction, the director owned 26,517 shares in the company, valued at approximately $6,129,934.89. The trade was a 14.88% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Janesh Moorjani purchased 2,500 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was bought at an average cost of $197.67 per share, for a total transaction of $494,175.00. Following the acquisition, the executive vice president directly owned 50,993 shares in the company, valued at $10,079,786.31. This trade represents a 5.16% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders acquired 7,935 shares of company stock valued at $1,666,644. 0.14% of the stock is owned by insiders.

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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