EFG International AG Purchases Shares of 7,353 Autodesk, Inc. $ADSK

Key Points

• EFG International AG acquired 7,353 Autodesk shares in the second quarter, valued at approximately $1.43 million. Institutional investors and hedge funds collectively own 90.24% of Autodesk.
• Autodesk insiders purchased 7,935 shares worth about $1.67 million over the past 90 days, including purchases by Director John T. Cahill and EVP Janesh Moorjani.
• Autodesk recently exceeded quarterly earnings and revenue expectations, reporting $2.99 in EPS and $1.93 billion in revenue. Analysts maintain a “Moderate Buy” consensus with an average price target of $321.65.

EFG International AG acquired a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,353 shares of the software company's stock, valued at approximately $1,429,000.

A number of other institutional investors and hedge funds have also made changes to their positions in ADSK. Brighton Jones LLC raised its holdings in shares of Autodesk by 14.5% in the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company's stock worth $343,000 after purchasing an additional 147 shares during the period. Sivia Capital Partners LLC lifted its stake in shares of Autodesk by 98.1% during the second quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company's stock worth $765,000 after purchasing an additional 1,224 shares in the last quarter. Schnieders Capital Management LLC. acquired a new stake in Autodesk in the second quarter valued at approximately $466,000. Baird Financial Group Inc. raised 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 valued at $3,111,000 after purchasing an additional 701 shares during the period. Finally, NewEdge Advisors LLC lifted its position in shares of Autodesk by 25.3% during the second 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 in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Autodesk

In related news, Director John T. Cahill purchased 2,000 shares of the company's stock in a transaction dated Tuesday, June 23rd. The shares were acquired at an average cost of $189.20 per share, for a total transaction of $378,400.00. Following the transaction, the director 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 acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Janesh Moorjani purchased 2,500 shares of the business's stock in a transaction that occurred on Monday, June 15th. The stock was bought at an average cost of $197.67 per share, for a total transaction of $494,175.00. Following the acquisition, the executive vice president owned 50,993 shares in the company, valued at approximately $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. Insiders purchased a total of 7,935 shares of company stock worth $1,666,644 over the last ninety days. Company insiders own 0.14% of the company's stock.

Autodesk Stock Up 1.4%

Shares of NASDAQ:ADSK opened at $254.77 on Thursday. Autodesk, Inc. has a 1-year low of $185.50 and a 1-year high of $329.09. The company's fifty day moving average is $223.06 and its two-hundred day moving average is $231.87. 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 stock has a market capitalization of $53.76 billion, a price-to-earnings ratio of 37.14, a price-to-earnings-growth ratio of 1.54 and a beta of 1.29.

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 for the quarter, beating analysts' consensus estimates of $2.84 by $0.15. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.89 billion. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The company's revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.29 EPS. Equities analysts anticipate that Autodesk, Inc. will post 9.7 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Citigroup lifted their price target on shares of Autodesk from $252.00 to $269.00 and gave the stock a "neutral" rating in a research note on Thursday, August 20th. DA Davidson restated a "buy" rating and set a $325.00 target price on shares of Autodesk in a research note on Friday, May 29th. Robert W. Baird lifted their target price on Autodesk from $312.00 to $325.00 and gave the stock an "outperform" rating in a research report on Friday, August 21st. New Street Research set a $277.00 price target on Autodesk in a research note on Thursday, August 20th. Finally, Weiss Ratings downgraded Autodesk from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, July 10th. Two equities research 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. Based on data from MarketBeat, the stock 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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