Aware Super Pty Ltd as trustee of Aware Super Invests $3.02 Million in Autodesk, Inc. $ADSK

Key Points

• Aware Super purchased 15,554 Autodesk shares worth approximately $3.02 million during the second quarter. Institutional investors own 90.24% of the company, with several other funds also increasing their positions.
• Analysts maintain a favorable outlook, with a consensus rating of “Moderate Buy” and an average price target of $321.07, despite several firms recently lowering their targets.
• Autodesk reported quarterly EPS of $2.99, beating estimates of $2.84, while revenue rose 18.4% year over year to $1.93 billion. Company insiders also purchased 7,935 shares worth about $1.67 million over the past three months.

Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,554 shares of the software company's stock, valued at approximately $3,024,000.

Other hedge funds also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund lifted its holdings in shares of Autodesk by 7.1% during the second quarter. Oregon Public Employees Retirement Fund now owns 26,003 shares of the software company's stock valued at $5,056,000 after purchasing an additional 1,729 shares in the last quarter. Axxcess Wealth Management LLC bought a new position in Autodesk during the 2nd quarter valued at about $1,880,000. Atria Investments Inc lifted its stake in Autodesk by 7.1% during the 2nd quarter. Atria Investments Inc now owns 40,225 shares of the software company's stock valued at $7,821,000 after acquiring an additional 2,671 shares during the period. Erste Asset Management GmbH boosted its holdings in shares of Autodesk by 57.8% during the 2nd quarter. Erste Asset Management GmbH now owns 565,616 shares of the software company's stock valued at $110,346,000 after acquiring an additional 207,275 shares during the last quarter. Finally, Mcdonald Partners LLC purchased a new position in shares of Autodesk during the second quarter valued at approximately $76,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ADSK has been the topic of a number of research reports. UBS Group restated a "buy" rating on shares of Autodesk in a research note on Friday, May 29th. Bank of America restated a "buy" rating and set a $300.00 target price on shares of Autodesk in a research report on Tuesday, May 12th. Piper Sandler decreased their target price on Autodesk from $383.00 to $369.00 and set an "overweight" rating on the stock in a report on Friday, May 29th. Morgan Stanley lowered their target price on Autodesk from $350.00 to $315.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 26th. Finally, Royal Bank Of Canada cut their price objective on Autodesk from $335.00 to $305.00 and set an "outperform" rating for the company in a research note on Friday, May 29th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $321.07.

Insider Transactions at Autodesk

In other news, Director John T. Cahill bought 2,000 shares of the firm's stock in a transaction that occurred 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 transaction, the director owned 4,000 shares of the company's stock, valued at approximately $756,800. This represents a 100.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Janesh Moorjani purchased 2,500 shares of the company's stock in a transaction that occurred on Monday, June 15th. The shares were purchased at an average cost of $197.67 per share, with a total value of $494,175.00. Following the completion of the purchase, 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 position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have bought 7,935 shares of company stock valued at $1,666,644. 0.14% of the stock is currently owned by insiders.

Autodesk Stock Up 3.4%

NASDAQ ADSK opened at $257.96 on Friday. Autodesk, Inc. has a 12 month low of $185.50 and a 12 month high of $329.09. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78. The stock has a market cap of $54.43 billion, a PE ratio of 37.60, a P/E/G ratio of 1.53 and a beta of 1.29. The stock's 50 day moving average is $215.88 and its 200 day moving average is $232.15.

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 business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period last year, the firm posted $2.29 EPS. The company's 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. Research analysts predict that Autodesk, Inc. will post 9.7 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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