B. Metzler seel. Sohn & Co. AG Invests $6.25 Million in Autodesk, Inc. $ADSK

B. Metzler seel. Sohn & Co. AG acquired a new position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 32,166 shares of the software company's stock, valued at approximately $6,254,000.

A number of other large investors have also made changes to their positions in the stock. Torren Management LLC bought a new position in shares of Autodesk in the fourth quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Autodesk in the 3rd quarter worth approximately $25,000. Kemnay Advisory Services Inc. bought a new stake in Autodesk during the 4th quarter worth approximately $25,000. Archer Investment Corp grew its position in Autodesk by 112.2% during the 4th quarter. Archer Investment Corp now owns 87 shares of the software company's stock worth $26,000 after acquiring an additional 46 shares during the last quarter. Finally, Prosperity Bancshares Inc acquired a new stake in Autodesk during the 4th quarter valued at $27,000. Institutional investors and hedge funds own 90.24% of the company's stock.

Autodesk Stock Up 1.1%

Shares of NASDAQ ADSK opened at $253.82 on Friday. The stock has a market capitalization of $53.56 billion, a P/E ratio of 37.00, a PEG ratio of 1.54 and a beta of 1.29. The stock's fifty day moving average is $219.71 and its 200 day moving average is $231.77. Autodesk, Inc. has a 52 week low of $185.50 and a 52 week high of $329.09. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 0.83.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, topping 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 for the quarter, compared to analysts' expectations of $1.89 billion. During the same quarter in the previous year, the firm posted $2.29 earnings per share. 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. Sell-side analysts forecast that Autodesk, Inc. will post 9.7 earnings per share for the current fiscal year.

Insider Transactions at Autodesk

In other Autodesk news, Director John T. Cahill acquired 2,000 shares of Autodesk stock in a transaction on Tuesday, June 23rd. The stock was purchased at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the purchase, the director directly owned 4,000 shares of the company's stock, valued at $756,800. This trade represents a 100.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Janesh Moorjani purchased 2,500 shares of the business's stock in a transaction dated Monday, June 15th. The shares were purchased 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 $10,079,786.31. This trade represents a 5.16% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 7,935 shares of company stock worth $1,666,644 in the last quarter. 0.14% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ADSK shares. BNP Paribas Exane started coverage on Autodesk in a research note on Thursday, June 18th. They set an "outperform" rating and a $295.00 price target on the stock. Bank of America reissued a "buy" rating and set a $300.00 price objective on shares of Autodesk in a report on Tuesday, May 12th. DA Davidson restated a "buy" rating and set a $325.00 target price on shares of Autodesk in a research report on Friday, May 29th. Zacks Research cut shares of Autodesk from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 14th. Finally, BTIG Research restated a "buy" rating and issued a $300.00 price objective on shares of Autodesk in a report on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $321.65.

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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