Banco Santander S.A. Raises Position in Autodesk, Inc. $ADSK

Key Points

• Banco Santander increased its Autodesk stake by 20.2% in the second quarter, bringing its holdings to 53,974 shares valued at approximately $10.5 million. Institutional investors collectively own 90.24% of Autodesk.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $321.07, despite several firms recently lowering their targets.
• Autodesk exceeded quarterly expectations, reporting $2.99 in EPS and $1.93 billion in revenue, with revenue up 18.4% year over year. Company directors also purchased 7,935 shares worth about $1.67 million over the past 90 days.

Banco Santander S.A. boosted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 20.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 53,974 shares of the software company's stock after buying an additional 9,070 shares during the period. Banco Santander S.A.'s holdings in Autodesk were worth $10,494,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Moss Adams Wealth Advisors LLC raised its holdings in shares of Autodesk by 1.0% in the 4th quarter. Moss Adams Wealth Advisors LLC now owns 4,267 shares of the software company's stock valued at $1,263,000 after acquiring an additional 41 shares in the last quarter. CENTRAL TRUST Co grew its holdings in shares of Autodesk by 6.2% during the fourth quarter. CENTRAL TRUST Co now owns 759 shares of the software company's stock worth $225,000 after purchasing an additional 44 shares in the last quarter. Smithfield Trust Co grew its holdings in shares of Autodesk by 5.3% during the fourth quarter. Smithfield Trust Co now owns 893 shares of the software company's stock worth $266,000 after purchasing an additional 45 shares in the last quarter. Calydon Capital increased its position in shares of Autodesk by 1.7% in the fourth quarter. Calydon Capital now owns 2,726 shares of the software company's stock worth $807,000 after purchasing an additional 45 shares during the last quarter. Finally, Archer Investment Corp increased its position in shares of Autodesk by 112.2% in the fourth quarter. Archer Investment Corp now owns 87 shares of the software company's stock worth $26,000 after purchasing an additional 46 shares during the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ADSK. Jefferies Financial Group upgraded shares of Autodesk to a "strong-buy" rating in a research report on Tuesday, May 26th. BMO Capital Markets decreased their price target on shares of Autodesk from $279.00 to $262.00 and set a "market perform" rating on the stock in a report on Friday, May 29th. Morgan Stanley lowered their price objective on shares of Autodesk from $350.00 to $315.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 26th. KeyCorp dropped their price objective on shares of Autodesk from $365.00 to $341.00 and set an "overweight" rating for the company in a report on Thursday, May 21st. Finally, Rothschild & Co Redburn cut their target price on shares of Autodesk from $375.00 to $360.00 and set a "buy" rating for the company in a research report on Monday, June 1st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $321.07.

Insider Activity at Autodesk

In related news, Director Stacy J. Smith acquired 3,435 shares of the company's stock in a transaction dated Friday, May 29th. The stock was purchased at an average price of $231.17 per share, with a total value of $794,068.95. Following the completion of the purchase, the director owned 26,517 shares in the company, valued at $6,129,934.89. This trade represents a 14.88% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John T. Cahill bought 2,000 shares of the business's stock in a transaction dated 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 acquisition, the director directly owned 4,000 shares of the company's stock, valued at approximately $756,800. The trade was a 100.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 7,935 shares of company stock worth $1,666,644 in the last ninety days. 0.14% of the stock is owned by company insiders.

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $257.96 on Friday. 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 stock has a market cap of $54.43 billion, a PE ratio of 37.60, a PEG ratio of 1.53 and a beta of 1.29. The company's fifty day moving average is $215.88 and its 200 day moving average is $232.15. 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 posted its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate 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 in the prior year, the business 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. Research analysts anticipate that Autodesk, Inc. will post 9.7 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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