Nykredit A S Acquires New Stake in Autodesk, Inc. $ADSK

Key Points

• Nykredit A/S acquired 99,519 Autodesk shares during the second quarter, valued at approximately $19.35 million. Institutional investors and hedge funds collectively own 90.24% of Autodesk’s stock.
• Autodesk exceeded quarterly expectations, reporting $3.30 in earnings per share versus the $3.12 consensus estimate and $2.05 billion in revenue, up 16.1% year over year.
• Wall Street maintains a positive outlook, with a consensus “Moderate Buy” rating and an average price target of $318.03, compared with the stock’s quoted price of $216.95.

Nykredit A S acquired a new stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 99,519 shares of the software company's stock, valued at approximately $19,348,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ADSK. BlackRock Inc. purchased a new stake in Autodesk during the 2nd quarter valued at about $4,828,855,000. Bank of America Corp DE purchased a new position in Autodesk in the 2nd quarter worth approximately $576,727,000. Norges Bank purchased a new position in Autodesk in the 4th quarter worth approximately $867,480,000. Legal & General Group Plc acquired a new position in shares of Autodesk during the 2nd quarter worth approximately $422,928,000. Finally, Deutsche Bank AG purchased a new stake in shares of Autodesk in the second quarter valued at approximately $322,851,000. Institutional investors and hedge funds own 90.24% of the company's stock.

Autodesk Stock Performance

NASDAQ ADSK opened at $216.95 on Friday. The stock has a market cap of $45.34 billion, a PE ratio of 28.07, a P/E/G ratio of 1.42 and a beta of 1.31. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.59. Autodesk, Inc. has a twelve month low of $185.50 and a twelve month high of $326.54. The stock has a fifty day simple moving average of $233.39 and a 200-day simple moving average of $231.70.

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 (EPS) for the quarter, beating the consensus estimate of $3.12 by $0.18. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. Autodesk's revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.62 EPS. 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 analysts anticipate that Autodesk, Inc. will post 9.71 earnings per share for the current year.

Insider Activity at Autodesk

In related news, Director John Cahill acquired 2,000 shares of the firm's stock in a transaction dated Tuesday, June 23rd. The shares were 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 in the company, valued at $756,800. The trade was a 100.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.14% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ADSK shares. Argus reaffirmed a "buy" rating and issued a $355.00 price target on shares of Autodesk in a report on Wednesday, September 2nd. Cantor Fitzgerald started coverage on Autodesk in a report on Monday, September 14th. They issued a "neutral" rating and a $215.00 target price for the company. BTIG Research reaffirmed a "buy" rating and issued a $300.00 target price on shares of Autodesk in a research note on Friday. Rosenblatt Securities reiterated a "buy" rating and set a $330.00 price target on shares of Autodesk in a report on Monday, August 31st. Finally, Wells Fargo & Company lowered their price target on shares of Autodesk from $350.00 to $330.00 and set an "overweight" rating on the stock in a research report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $318.03.

Autodesk Profile

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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