Autodesk, Inc. $ADSK Shares Bought by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG increased its Autodesk stake by 32.1% in the second quarter, bringing its holdings to 32,166 shares valued at approximately $6.25 million. Institutional investors collectively own 90.24% of Autodesk.
• Autodesk insiders also purchased shares, including 2,500 shares bought by EVP Janesh Moorjani and 2,000 shares acquired by Director John T. Cahill.
• Analysts maintain a generally positive outlook, with Autodesk carrying 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 EPS and $2.05 billion in revenue.

B. Metzler seel. Sohn & Co. AG lifted its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 32.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,166 shares of the software company's stock after acquiring an additional 7,819 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Autodesk were worth $6,254,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new stake in shares of Autodesk during the 2nd quarter worth about $269,000. Railway Pension Investments Ltd increased its stake in shares of Autodesk by 44.9% in the 2nd quarter. Railway Pension Investments Ltd now owns 200,292 shares of the software company's stock valued at $38,941,000 after purchasing an additional 62,100 shares in the last quarter. Camelot Portfolios LLC acquired a new position in Autodesk in the 2nd quarter worth about $219,000. Quantitative Investment Management LLC boosted its position in Autodesk by 115.2% during the second quarter. Quantitative Investment Management LLC now owns 12,109 shares of the software company's stock worth $2,354,000 after purchasing an additional 6,482 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC boosted its position in Autodesk by 105.7% during the second quarter. Susquehanna Fundamental Investments LLC now owns 301,898 shares of the software company's stock worth $58,695,000 after purchasing an additional 155,160 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Autodesk news, EVP Janesh Moorjani acquired 2,500 shares of the business's stock in a transaction that occurred on Monday, June 15th. The stock was purchased at an average cost of $197.67 per share, with a total value of $494,175.00. Following the transaction, the executive vice president owned 50,993 shares of the company's stock, valued at $10,079,786.31. This trade represents a 5.16% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John T. Cahill acquired 2,000 shares of Autodesk stock in a transaction that occurred on Tuesday, June 23rd. The stock was bought at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the completion of the acquisition, the director owned 4,000 shares in the company, valued at $756,800. This trade represents a 100.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.14% of the stock is owned by insiders.

Analyst Ratings Changes

ADSK has been the subject of a number of recent analyst reports. Loop Capital cut their price objective on Autodesk from $250.00 to $235.00 and set a "hold" rating for the company in a research report on Friday, May 29th. Zacks Research lowered Autodesk from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 14th. Berenberg Bank set a $333.00 price target on shares of Autodesk in a research note on Tuesday. Bank of America reissued a "buy" rating and issued a $300.00 price target on shares of Autodesk in a research note on Tuesday, May 12th. Finally, Guggenheim boosted their price target on shares of Autodesk from $277.00 to $283.00 and gave the stock a "buy" rating in a report on Friday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Autodesk presently has an average rating of "Moderate Buy" and an average price target of $321.19.

Autodesk Stock Down 1.7%

Shares of NASDAQ:ADSK opened at $237.52 on Friday. Autodesk, Inc. has a 52-week low of $185.50 and a 52-week high of $329.09. The stock has a market cap of $49.64 billion, a P/E ratio of 30.73, a PEG ratio of 1.59 and a beta of 1.31. The business has a fifty day moving average of $230.47 and a two-hundred day moving average of $232.60. The company has a quick ratio of 0.83, a current ratio of 0.86 and a debt-to-equity ratio of 0.59.

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