Erste Asset Management GmbH Increases Stake in Autodesk, Inc. $ADSK

Key Points

• Erste Asset Management increased its Autodesk stake by 57.8% in the second quarter, adding 207,275 shares to hold 565,616 shares worth approximately $110.3 million. Institutional investors and hedge funds collectively own 90.24% of Autodesk.
• Autodesk exceeded quarterly expectations, reporting $2.99 in EPS and $1.93 billion in revenue, while revenue grew 18.4% year over year. The company issued FY 2027 EPS guidance of $12.40–$12.65.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $321.07; insiders also purchased 7,935 shares worth about $1.67 million in the latest quarter.

Erste Asset Management GmbH raised its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 57.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 565,616 shares of the software company's stock after acquiring an additional 207,275 shares during the period. Autodesk makes up 0.9% of Erste Asset Management GmbH's portfolio, making the stock its 23rd biggest position. Erste Asset Management GmbH owned about 0.27% of Autodesk worth $110,346,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC acquired a new stake in shares of Autodesk in the third quarter worth $25,000. Kemnay Advisory Services Inc. acquired a new position in shares of Autodesk during the fourth quarter worth about $25,000. Torren Management LLC purchased a new stake in shares of Autodesk in the fourth quarter worth about $25,000. Archer Investment Corp grew its stake in shares of Autodesk by 112.2% in the fourth quarter. Archer Investment Corp now owns 87 shares of the software company's stock valued at $26,000 after buying an additional 46 shares in the last quarter. Finally, Prosperity Bancshares Inc acquired a new position in Autodesk during the 4th quarter worth approximately $27,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Stock Performance

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

Autodesk (NASDAQ:ADSK - Get Free Report) last released its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, topping analysts' consensus estimates of $2.84 by $0.15. The firm 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 firm's revenue was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.29 earnings per share. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. As a group, equities research analysts predict that Autodesk, Inc. will post 9.7 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on ADSK shares. Royal Bank Of Canada lowered their price objective on shares of Autodesk from $335.00 to $305.00 and set an "outperform" rating for the company in a research report on Friday, May 29th. Guggenheim initiated coverage on shares of Autodesk in a report on Wednesday, July 22nd. They set a "buy" rating and a $245.00 price target for the company. Morgan Stanley dropped their price target on shares of Autodesk from $350.00 to $315.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 26th. KeyCorp dropped their target price on Autodesk from $365.00 to $341.00 and set an "overweight" rating on the stock in a research report on Thursday, May 21st. Finally, Jefferies Financial Group raised Autodesk to a "strong-buy" rating in a report on Tuesday, May 26th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $321.07.

Insider Activity at Autodesk

In other Autodesk news, EVP Janesh Moorjani acquired 2,500 shares of the company's stock in a transaction that occurred on Monday, June 15th. The shares were purchased at an average price of $197.67 per share, for a total transaction of $494,175.00. Following the completion of the purchase, the executive vice president directly owned 50,993 shares in the company, valued at $10,079,786.31. The trade was a 5.16% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John T. Cahill bought 2,000 shares of the business's stock in a transaction on Tuesday, June 23rd. The stock was acquired 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. The trade was a 100.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 7,935 shares of company stock valued at $1,666,644 in the last quarter. Insiders own 0.14% of the company's stock.

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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