Autodesk, Inc. $ADSK Shares Purchased by NEOS Investment Management LLC

Key Points

• NEOS Investment Management increased its Autodesk stake by 11.3% in the second quarter, purchasing 16,470 additional shares and bringing its holdings to 162,276 shares valued at approximately $31.6 million. Institutional investors collectively own 90.24% of Autodesk.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $321.19. Recent targets range from $235 to $333.
• Autodesk exceeded quarterly expectations, reporting adjusted EPS of $3.30 versus the $3.12 consensus and revenue of $2.05 billion, up 16.1% year over year. Two insiders also purchased shares in June.

NEOS Investment Management LLC boosted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 11.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 162,276 shares of the software company's stock after purchasing an additional 16,470 shares during the quarter. NEOS Investment Management LLC owned approximately 0.08% of Autodesk worth $31,550,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Brighton Jones LLC lifted its stake in Autodesk by 14.5% in 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 during the last quarter. Sivia Capital Partners LLC increased its position in shares of Autodesk by 98.1% in the 2nd 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 during the last quarter. Schnieders Capital Management LLC. purchased a new stake in shares of Autodesk in the 2nd quarter valued at approximately $466,000. Baird Financial Group Inc. raised its holdings 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 purchasing an additional 701 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of Autodesk by 25.3% in the 2nd quarter. NewEdge Advisors LLC now owns 13,860 shares of the software company's stock valued at $4,291,000 after purchasing an additional 2,795 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ADSK. Berenberg Bank set a $333.00 target price on shares of Autodesk in a research note on Tuesday. BNP Paribas Exane lifted their price target on Autodesk from $295.00 to $300.00 and gave the stock an "outperform" rating in a report on Friday, August 28th. Citigroup upped their price objective on Autodesk from $269.00 to $276.00 and gave the stock a "neutral" rating in a research report on Monday, August 31st. Loop Capital cut their target price on Autodesk from $250.00 to $235.00 and set a "hold" rating on the stock in a research report on Friday, May 29th. Finally, BTIG Research restated a "buy" rating and set a $300.00 target price on shares of Autodesk in a research note on Friday, August 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $321.19.

Insider Buying and Selling

In other news, EVP Janesh Moorjani acquired 2,500 shares of the firm's stock in a transaction dated Monday, June 15th. The stock was acquired at an average cost of $197.67 per share, with a total value of $494,175.00. Following the completion of the acquisition, the executive vice president owned 50,993 shares of the company's stock, valued at $10,079,786.31. The trade was a 5.16% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Cahill bought 2,000 shares of the business's stock in a transaction dated Tuesday, June 23rd. The stock was acquired at an average cost of $189.20 per share, for a total transaction of $378,400.00. Following the completion of the acquisition, the director directly owned 4,000 shares in the company, valued at approximately $756,800. This trade represents a 100.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.14% of the stock is currently owned by insiders.

Autodesk Price Performance

Shares of ADSK opened at $217.90 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.86 and a quick ratio of 0.83. Autodesk, Inc. has a 1-year low of $185.50 and a 1-year high of $329.09. The stock has a market cap of $45.54 billion, a PE ratio of 28.19, a price-to-earnings-growth ratio of 1.56 and a beta of 1.31. The firm has a fifty day moving average price of $230.90 and a 200 day moving average price of $232.50.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its earnings results on Thursday, August 27th. The software company reported $3.30 EPS for the quarter, topping analysts' consensus estimates of $3.12 by $0.18. Autodesk had a return on equity of 58.63% and a net margin of 21.08%.The business had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $2.01 billion. During the same quarter in the previous year, the firm earned $2.62 earnings per share. The business'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. As a group, sell-side analysts anticipate that Autodesk, Inc. will post 9.63 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.