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

Key Points

• Institutional ownership increased: Northwestern Mutual Wealth Management Co. boosted its Autodesk stake by 395.4% in the second quarter to 24,842 shares valued at $4.83 million. Institutional investors collectively own 90.24% of the company.
• Insiders also bought shares: Director John T. Cahill purchased $378,400 worth of Autodesk stock, while EVP Janesh Moorjani acquired $494,175 worth. Insiders now own 0.14% of the company.
• Analysts remain broadly bullish: Autodesk has a “Moderate Buy” consensus rating and an average price target of $321.19. The company recently beat quarterly earnings and revenue estimates, reporting $3.30 in EPS and $2.05 billion in revenue.

Northwestern Mutual Wealth Management Co. grew its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 395.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,842 shares of the software company's stock after purchasing an additional 19,827 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in Autodesk were worth $4,830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Activity

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 acquired 2,500 shares of the business's stock in a transaction on Monday, June 15th. The shares were 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 owned 50,993 shares of the company's stock, valued at $10,079,786.31. This represents a 5.16% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.14% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Citigroup raised their target price on Autodesk from $269.00 to $276.00 and gave the stock a "neutral" rating in a research note on Monday. The Goldman Sachs Group started coverage on Autodesk in a research report on Tuesday, August 11th. They set a "neutral" rating and a $260.00 price objective for the company. Royal Bank Of Canada decreased their target price on shares of Autodesk from $335.00 to $305.00 and set an "outperform" rating on the stock in a research report on Friday, May 29th. Robert W. Baird lifted their price target on shares of Autodesk from $312.00 to $325.00 and gave the company an "outperform" rating in a research report on Friday, August 21st. Finally, Morgan Stanley decreased their price objective on shares of Autodesk from $350.00 to $315.00 and set an "overweight" rating on the stock in a report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $321.19.

Autodesk Price Performance

Autodesk stock opened at $237.52 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.83 and a debt-to-equity ratio of 0.59. The company has a fifty day simple moving average of $230.47 and a 200-day simple moving average of $232.60. The stock has a market cap of $49.64 billion, a P/E ratio of 30.73, a price-to-earnings-growth ratio of 1.59 and a beta of 1.31. Autodesk, Inc. has a 12-month low of $185.50 and a 12-month high of $329.09.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share for the quarter, beating analysts' consensus estimates of $3.12 by $0.18. The company had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $2.01 billion. Autodesk had a return on equity of 58.63% and a net margin of 21.08%.Autodesk's quarterly revenue was up 16.1% on a year-over-year basis. During the same period last year, the firm earned $2.62 earnings per share. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. Equities analysts expect that Autodesk, Inc. will post 9.63 EPS for the current fiscal year.

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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