Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 532,730 shares of the software company's stock, valued at approximately $103,573,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.25% of Autodesk at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in ADSK. Torren Management LLC bought a new position in Autodesk during the 4th quarter valued at $25,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Autodesk in the 3rd quarter worth $25,000. Kemnay Advisory Services Inc. bought a new stake in shares of Autodesk in the 4th quarter worth $25,000. Archer Investment Corp lifted its holdings 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 during the period. Finally, Prosperity Bancshares Inc acquired a new stake in shares of Autodesk in the fourth quarter valued at $27,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the company. Rothschild & Co Redburn lowered their target price on Autodesk from $375.00 to $360.00 and set a "buy" rating on the stock in a report on Monday, June 1st. Jefferies Financial Group raised shares of Autodesk to a "strong-buy" rating in a report on Tuesday, May 26th. Citigroup raised their price objective on shares of Autodesk from $246.00 to $252.00 and gave the company a "neutral" rating in a research 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 note on Tuesday, May 26th. Finally, BNP Paribas Exane assumed coverage on shares of Autodesk in a report on Thursday, June 18th. They issued an "outperform" rating and a $295.00 target price on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $321.07.
Check Out Our Latest Stock Analysis on ADSK
Autodesk Stock Performance
Shares of NASDAQ ADSK opened at $246.79 on Wednesday. The stock's fifty day simple moving average is $217.10 and its 200 day simple moving average is $231.66. The stock has a market capitalization of $52.07 billion, a price-to-earnings ratio of 35.98, a PEG ratio of 1.54 and a beta of 1.29. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.78. 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 announced its earnings results on Thursday, May 28th. The software company reported $2.99 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 business 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 business posted $2.29 earnings per share. Autodesk's 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. As a group, sell-side analysts forecast that Autodesk, Inc. will post 9.7 earnings per share for the current fiscal year.
Insider Buying and Selling at Autodesk
In other news, EVP Janesh Moorjani acquired 2,500 shares of Autodesk stock in a transaction on Monday, June 15th. The stock was bought at an average cost of $197.67 per share, with a total value of $494,175.00. Following the completion of the purchase, the executive vice president owned 50,993 shares of the company's stock, valued at $10,079,786.31. This represents a 5.16% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John T. Cahill bought 2,000 shares of the company's stock in a transaction dated Tuesday, June 23rd. The stock was purchased at an average cost of $189.20 per share, for a total transaction of $378,400.00. Following the completion of the transaction, the director owned 4,000 shares of the company's stock, valued at $756,800. This represents a 100.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders bought 7,935 shares of company stock valued at $1,666,644. 0.14% of the stock is currently owned by corporate insiders.
Autodesk Profile
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Free Report)
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.
Further Reading
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