Autodesk, Inc. $ADSK Stock Holdings Boosted by Seilern Investment Management Ltd

Key Points

• Seilern Investment Management increased its Autodesk stake by 11% in the second quarter to 227,675 shares valued at approximately $44.3 million. Institutional investors collectively own 90.24% of Autodesk’s stock.
• Autodesk insiders have also been buying shares, with executives and directors purchasing 7,935 shares worth $1.67 million over the past 90 days.
• Autodesk reported stronger-than-expected quarterly results, with EPS of $2.99 and revenue of $1.93 billion, up 18.4% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $323.40, above the reported share price of $249.08.

Seilern Investment Management Ltd raised its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 11.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 227,675 shares of the software company's stock after purchasing an additional 22,547 shares during the period. Autodesk comprises 5.6% of Seilern Investment Management Ltd's holdings, making the stock its 9th largest position. Seilern Investment Management Ltd owned about 0.11% of Autodesk worth $44,265,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ADSK. Brighton Jones LLC raised its position in Autodesk by 14.5% during 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 period. Sivia Capital Partners LLC grew its position in shares of Autodesk by 98.1% in the second 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 period. Schnieders Capital Management LLC. purchased a new stake in shares of Autodesk during the second quarter worth about $466,000. Baird Financial Group Inc. increased its stake in shares of Autodesk by 7.5% during the second quarter. Baird Financial Group Inc. now owns 10,048 shares of the software company's stock worth $3,111,000 after purchasing an additional 701 shares in the last quarter. 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 worth $4,291,000 after purchasing an additional 2,795 shares during the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Autodesk

In other news, EVP Janesh Moorjani purchased 2,500 shares of the company's stock in a transaction dated Monday, June 15th. The stock was acquired at an average price of $197.67 per share, with a total value of $494,175.00. Following the purchase, the executive vice president directly owned 50,993 shares in the company, valued at approximately $10,079,786.31. This represents a 5.16% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John T. Cahill purchased 2,000 shares of the business's stock in a transaction dated Tuesday, June 23rd. The shares were purchased at an average price of $189.20 per share, with a total value of $378,400.00. Following the acquisition, the director directly owned 4,000 shares in the company, valued at approximately $756,800. The trade was a 100.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought 7,935 shares of company stock worth $1,666,644 in the last ninety days. 0.14% of the stock is owned by insiders.

Autodesk Stock Up 2.7%

NASDAQ ADSK opened at $249.08 on Friday. The business's fifty day simple moving average is $214.54 and its 200-day simple moving average is $232.63. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.78. The firm has a market cap of $52.56 billion, a PE ratio of 36.31, a P/E/G ratio of 1.53 and a beta of 1.29. Autodesk, Inc. has a 52 week low of $185.50 and a 52 week high of $329.09.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.84 by $0.15. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the prior year, the firm posted $2.29 earnings per share. Autodesk's quarterly revenue was up 18.4% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. As a group, equities analysts anticipate that Autodesk, Inc. will post 9.64 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Bank of America reiterated a "buy" rating and issued a $300.00 target price on shares of Autodesk in a research report on Tuesday, May 12th. Robert W. Baird dropped their price objective on shares of Autodesk from $355.00 to $312.00 and set an "outperform" rating for the company in a research note on Friday, April 17th. BTIG Research reiterated a "buy" rating and issued a $300.00 price objective on shares of Autodesk in a report on Friday, May 29th. BNP Paribas Exane assumed coverage on shares of Autodesk in a research note on Thursday, June 18th. They issued an "outperform" rating and a $295.00 target price on the stock. Finally, Zacks Research cut Autodesk from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 14th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $323.40.

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.

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