Edmond DE Rothschild Holding S.A. Makes New $1.16 Million Investment in Autodesk, Inc. $ADSK

Key Points

• Edmond DE Rothschild Holding S.A. invested approximately $1.16 million in Autodesk during the second quarter, purchasing 5,966 shares. Institutional investors collectively own 90.24% of the company.
• Autodesk insiders bought 7,935 shares worth about $1.67 million over the past 90 days, including purchases by directors John T. Cahill and Stacy J. Smith.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $321.23. Autodesk recently beat quarterly earnings and revenue estimates, reporting $2.99 EPS and $1.93 billion in revenue, up 18.4% year over year.

Edmond DE Rothschild Holding S.A. bought a new stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,966 shares of the software company's stock, valued at approximately $1,160,000.

Other institutional investors have also modified their holdings of the company. CENTRAL TRUST Co raised its holdings in 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 during the last quarter. Smithfield Trust Co grew its holdings in Autodesk by 5.3% in the fourth quarter. Smithfield Trust Co now owns 893 shares of the software company's stock valued at $266,000 after purchasing an additional 45 shares during 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 valued at $807,000 after buying an additional 45 shares in the last quarter. Archer Investment Corp raised its stake in shares of 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 buying an additional 46 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its position in shares of Autodesk by 5.3% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,029 shares of the software company's stock worth $327,000 after buying an additional 52 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company's stock.

Insider Buying and Selling at Autodesk

In other Autodesk news, Director John T. Cahill acquired 2,000 shares of the company's stock in a transaction 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 acquisition, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stacy J. Smith purchased 3,435 shares of the business's stock in a transaction that occurred on Friday, May 29th. The stock was bought at an average cost of $231.17 per share, for a total transaction of $794,068.95. Following the completion of the acquisition, the director directly owned 26,517 shares of the company's stock, valued at $6,129,934.89. This represents a 14.88% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired a total of 7,935 shares of company stock worth $1,666,644 in the last 90 days. 0.14% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. KeyCorp restated an "overweight" rating on shares of Autodesk in a report on Wednesday. Loop Capital dropped their price objective on shares of Autodesk from $250.00 to $235.00 and set a "hold" rating for the company in a research note on Friday, May 29th. Zacks Research lowered Autodesk from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 14th. Rothschild & Co Redburn dropped their price target on Autodesk from $375.00 to $360.00 and set a "buy" rating for the company in a research report on Monday, June 1st. Finally, The Goldman Sachs Group assumed coverage on Autodesk in a research report on Tuesday, August 11th. They issued a "neutral" rating and a $260.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $321.23.

Autodesk Stock Down 0.1%

ADSK opened at $251.02 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 0.83. The company has a market cap of $52.97 billion, a PE ratio of 36.59, a price-to-earnings-growth ratio of 1.54 and a beta of 1.29. The firm has a 50 day moving average price of $218.61 and a 200 day moving average price of $231.62. Autodesk, Inc. has a 1 year low of $185.50 and a 1 year high of $329.09.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced 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 return on equity of 57.14% and a net margin of 19.49%.The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the prior year, the firm earned $2.29 EPS. The firm's quarterly revenue was up 18.4% compared to the same quarter last year. 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 expect 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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