National Pension Service Boosts Stock Position in Autodesk, Inc. $ADSK

Key Points

• National Pension Service increased its Autodesk stake by 4.1% in the second quarter, adding 33,448 shares to own 849,876 shares valued at approximately $165.2 million. Institutional investors hold about 90.24% of the company.
• Analyst sentiment remains favorable, with Autodesk receiving a “Moderate Buy” consensus rating and an average price target of $321.19; recent targets ranged from $276 to $355.
• Autodesk exceeded quarterly expectations, reporting $3.30 in earnings per share versus the $3.12 consensus and $2.05 billion in revenue, up 16.1% year over year. Two insiders also purchased shares in June.

National Pension Service raised its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 4.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 849,876 shares of the software company's stock after buying an additional 33,448 shares during the quarter. National Pension Service owned about 0.41% of Autodesk worth $165,233,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ADSK. Measured Wealth Private Client Group LLC purchased a new position in shares of Autodesk in the 3rd quarter worth about $25,000. Kemnay Advisory Services Inc. purchased a new stake in Autodesk during the 4th quarter valued at about $25,000. Prosperity Bancshares Inc bought a new stake in Autodesk during the 4th quarter valued at about $27,000. Swiss RE Ltd. bought a new stake in Autodesk during the 4th quarter valued at about $32,000. Finally, Ascentis Independent Advisors purchased a new position in Autodesk in the first quarter worth about $28,000. 90.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ADSK shares. BTIG Research reiterated a "buy" rating and set a $300.00 price target on shares of Autodesk in a report on Friday, August 28th. Zacks Research lowered shares of Autodesk from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 14th. Citigroup upped their price objective on Autodesk from $269.00 to $276.00 and gave the company a "neutral" rating in a research report on Monday, August 31st. Argus reiterated a "buy" rating and set a $355.00 target price on shares of Autodesk in a research note on Wednesday, September 2nd. Finally, Berenberg Bank set a $333.00 target price on Autodesk in a report on Tuesday, September 1st. One analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Autodesk presently has an average rating of "Moderate Buy" and an average target price of $321.19.

Insider Buying and Selling at Autodesk

In other news, EVP Janesh Moorjani acquired 2,500 shares of Autodesk stock in a transaction that occurred on Monday, June 15th. The stock was bought at an average price of $197.67 per share, for a total transaction of $494,175.00. Following the completion of the transaction, the executive vice president 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John T. Cahill bought 2,000 shares of the stock in a transaction on 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 acquisition, the director owned 4,000 shares of the company's stock, valued at $756,800. This trade represents a 100.00% increase in their position. The SEC filing for this purchase provides additional information. 0.14% of the stock is owned by corporate insiders.

Autodesk Stock Up 2.4%

ADSK opened at $211.61 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.59. The firm has a 50 day moving average price of $231.93 and a 200-day moving average price of $232.06. Autodesk, Inc. has a twelve month low of $185.50 and a twelve month high of $326.71. The stock has a market capitalization of $44.23 billion, a price-to-earnings ratio of 27.38, a PEG ratio of 1.35 and a beta of 1.31.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its quarterly earnings data on Thursday, August 27th. The software company reported $3.30 earnings per share for the quarter, beating analysts' consensus estimates of $3.12 by $0.18. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the firm earned $2.62 earnings per share. The firm's revenue for the quarter was up 16.1% compared to the same quarter last year. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. Equities research analysts forecast that Autodesk, Inc. will post 9.72 earnings per share for the current year.

About Autodesk

Autodesk, Inc develops software and cloud-based services for people and organizations that design, make and manage products, buildings, infrastructure and digital media. Its tools are used across architecture, engineering, construction, manufacturing, product design, media and entertainment, and related industries.

The company is best known for AutoCAD, its computer-aided design platform. Its broader portfolio includes Revit for building information modeling, Civil 3D for civil engineering, Inventor and Fusion for product design and manufacturing, Maya and 3ds Max for animation and visual effects, and construction-focused products such as Autodesk Construction Cloud.

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