Jupiter Topco LLC Purchases New Shares in Autodesk, Inc. $ADSK

Key Points

• Jupiter Topco LLC purchased 30,376 Autodesk shares during the second quarter, valued at approximately $5.9 million. Institutional investors collectively own 90.24% of Autodesk.
• Autodesk exceeded quarterly expectations, reporting adjusted EPS of $3.30 versus $3.12 expected and revenue of $2.05 billion, up 16.1% year over year.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $319.62, though shareholder lawsuits and a cash-flow probe create legal and financial risks.

Jupiter Topco LLC purchased a new position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,376 shares of the software company's stock, valued at approximately $5,903,000.

A number of other institutional investors have also added to or reduced their stakes in ADSK. EFG International AG bought a new stake in shares of Autodesk during the 2nd quarter valued at $1,429,000. Ancora Advisors LLC purchased a new stake in shares of Autodesk in the 2nd quarter worth about $97,000. Primecap Management Co. CA bought a new position in shares of Autodesk in the 2nd quarter worth about $116,671,000. Canada Pension Plan Investment Board bought a new position in shares of Autodesk in the 2nd quarter worth about $91,184,000. Finally, Osterweis Capital Management Inc. purchased a new position in Autodesk during the 2nd quarter valued at about $2,333,000. Institutional investors own 90.24% of the company's stock.

Trending Headlines about Autodesk

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Rosenblatt Securities reaffirmed its Buy rating and set a $330 price target, implying substantial upside. Rosenblatt Reiterates Buy Rating on Autodesk
• Positive Sentiment: Barclays maintained its Buy rating, supporting the view that Autodesk’s growth prospects remain attractive. Barclays Sticks to Its Buy Rating for Autodesk
• Positive Sentiment: BNP Paribas Exane raised its price target to $300, while BMO Capital Markets also forecast strong appreciation, reflecting continued analyst confidence. BNP Paribas Exane Raises Autodesk Price Target
• Positive Sentiment: Autodesk recently exceeded quarterly EPS and revenue expectations, with revenue increasing 16.1% year over year. Earnings-call commentary also highlighted growth momentum. Autodesk Earnings Call Highlights Growth Momentum
• Neutral Sentiment: Citigroup raised its price target from $269 to $276 but retained a Neutral rating, suggesting limited conviction despite a higher valuation estimate. Benzinga Autodesk Analyst Update
• Negative Sentiment: Autodesk faces mounting shareholder lawsuits and potential uninsured liabilities following a cash-flow probe, creating legal, financial and reputational uncertainty. Autodesk Faces Shareholder Lawsuits and Potential Uninsured Liabilities
• Negative Sentiment: Piper Sandler lowered its expectations for Autodesk’s stock price, adding a more cautious view to the otherwise favorable analyst consensus. Piper Sandler Lowers Autodesk Expectations

Autodesk Stock Down 0.8%

NASDAQ:ADSK opened at $258.53 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.83 and a current ratio of 0.86. The firm has a market cap of $54.55 billion, a P/E ratio of 33.45, a P/E/G ratio of 1.60 and a beta of 1.29. Autodesk, Inc. has a fifty-two week low of $185.50 and a fifty-two week high of $329.09. The firm has a 50-day simple moving average of $227.35 and a two-hundred day simple moving average of $232.32.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.12 by $0.18. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.01 billion. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. The business's revenue was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.62 earnings per share. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. Analysts predict that Autodesk, Inc. will post 9.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on ADSK. Weiss Ratings lowered shares of Autodesk from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, July 10th. Jefferies Financial Group raised Autodesk to a "strong-buy" rating in a research report on Tuesday, May 26th. Wells Fargo & Company cut their price target on Autodesk from $350.00 to $330.00 and set an "overweight" rating on the stock in a research note on Friday, May 29th. Loop Capital reduced their price objective on Autodesk from $250.00 to $235.00 and set a "hold" rating for the company in a research report on Friday, May 29th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $330.00 price objective on shares of Autodesk in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Autodesk currently has an average rating of "Moderate Buy" and an average target price of $319.62.

Insider Buying and Selling at Autodesk

In other Autodesk news, EVP Janesh Moorjani bought 2,500 shares of Autodesk stock in a transaction on Monday, June 15th. The stock was acquired at an average price of $197.67 per share, with a total value 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. This trade represents a 5.16% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John T. Cahill purchased 2,000 shares of the 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 completion of the acquisition, the director owned 4,000 shares of the company's stock, valued at approximately $756,800. This represents a 100.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.14% of the company's stock.

Autodesk Company 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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