ABN AMRO Bank N.V. Takes Position in Autodesk, Inc. $ADSK

Key Points

• ABN AMRO Bank initiated a position in Autodesk, purchasing 85,713 shares worth approximately $16.7 million. Institutional investors collectively own 90.24% of Autodesk’s outstanding stock.
• Autodesk reported quarterly earnings of $2.99 per share and revenue of $1.93 billion, exceeding analyst expectations, while revenue increased 18.4% year over year.
• Insiders have recently purchased shares, and Wall Street maintains a “Moderate Buy” consensus rating with an average price target of $321.07, above the reported market price of $251.66.

ABN AMRO Bank N.V. purchased a new position 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 SEC. The fund purchased 85,713 shares of the software company's stock, valued at approximately $16,671,000.

Several other institutional investors and hedge funds have also modified their holdings of ADSK. Quantinno Capital Management LP grew its stake in shares of Autodesk by 17.8% in the first quarter. Quantinno Capital Management LP now owns 385,572 shares of the software company's stock worth $92,306,000 after purchasing an additional 58,285 shares during the last quarter. SG Americas Securities LLC raised its position in Autodesk by 158.4% during the 1st quarter. SG Americas Securities LLC now owns 272,548 shares of the software company's stock worth $65,248,000 after purchasing an additional 167,064 shares during the last quarter. Man Group plc lifted its holdings in Autodesk by 28.6% during the 4th quarter. Man Group plc now owns 1,229,946 shares of the software company's stock worth $364,076,000 after buying an additional 273,765 shares during the period. Seilern Investment Management Ltd lifted its holdings in Autodesk by 11.0% during the 2nd quarter. Seilern Investment Management Ltd now owns 227,675 shares of the software company's stock worth $44,265,000 after buying an additional 22,547 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in shares of Autodesk by 9.1% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,032,443 shares of the software company's stock valued at $247,167,000 after buying an additional 85,967 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors.

Insider Transactions at Autodesk

In other news, EVP Janesh Moorjani purchased 2,500 shares of the company's 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 purchase, the executive vice president owned 50,993 shares in the company, valued at $10,079,786.31. This represents a 5.16% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John T. Cahill purchased 2,000 shares of the business's stock in a transaction on Tuesday, June 23rd. The stock was purchased at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the acquisition, the director owned 4,000 shares of the company's stock, valued at approximately $756,800. This represents a 100.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 7,935 shares of company stock valued at $1,666,644 in the last 90 days. 0.14% of the stock is currently owned by corporate insiders.

Autodesk Price Performance

Autodesk stock opened at $251.66 on Friday. The stock has a market capitalization of $53.10 billion, a price-to-earnings ratio of 36.69, a PEG ratio of 1.54 and a beta of 1.29. Autodesk, Inc. has a 52-week low of $185.50 and a 52-week 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 stock's 50 day moving average price is $216.31 and its two-hundred day moving average price is $232.28.

Autodesk (NASDAQ:ADSK - Get Free Report) last released its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.15. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the previous year, the business posted $2.29 EPS. Autodesk's revenue for the quarter was up 18.4% compared to the same quarter last year. 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, equities analysts predict that Autodesk, Inc. will post 9.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ADSK. BNP Paribas Exane began coverage on Autodesk in a research note on Thursday, June 18th. They issued an "outperform" rating and a $295.00 price target for the company. Rothschild & Co Redburn cut their price objective on Autodesk from $375.00 to $360.00 and set a "buy" rating on the stock in a research note on Monday, June 1st. Rosenblatt Securities reiterated a "buy" rating and issued a $330.00 target price on shares of Autodesk in a report on Monday, June 1st. Royal Bank Of Canada decreased their target price on shares of Autodesk from $335.00 to $305.00 and set an "outperform" rating for the company in a research report on Friday, May 29th. Finally, Barclays lowered their price target on shares of Autodesk from $315.00 to $300.00 and set an "overweight" rating for the company in a report on Wednesday, May 13th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $321.07.

Autodesk Company 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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