Nykredit A S Makes New Investment in Autodesk, Inc. $ADSK

Nykredit A S acquired a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 115,682 shares of the software company's stock, valued at approximately $22,491,000. Nykredit A S owned approximately 0.05% of Autodesk as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC bought a new stake in shares of Autodesk during the third quarter valued at approximately $25,000. Kemnay Advisory Services Inc. bought a new position in Autodesk in the fourth quarter worth $25,000. Prosperity Bancshares Inc purchased a new position in Autodesk during the fourth quarter valued at $27,000. Swiss RE Ltd. purchased a new position in Autodesk during the fourth quarter valued at $32,000. Finally, Ascentis Independent Advisors bought a new stake in shares of Autodesk during the 1st quarter valued at $28,000. Hedge funds and other institutional investors own 90.24% of the company's stock.

Autodesk Trading Down 1.7%

NASDAQ:ADSK opened at $237.52 on Friday. The company's 50 day moving average price is $230.47 and its 200-day moving average price is $232.60. Autodesk, Inc. has a 52 week low of $185.50 and a 52 week high of $329.09. The company has a quick ratio of 0.83, a current ratio of 0.86 and a debt-to-equity ratio of 0.59. The stock has a market cap of $49.64 billion, a price-to-earnings ratio of 30.73, a PEG ratio of 1.59 and a beta of 1.31.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.18. The company had revenue of $2.05 billion during 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 firm's quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter last year, the firm earned $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. On average, equities research analysts forecast that Autodesk, Inc. will post 9.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

ADSK has been the topic of several research reports. Royal Bank Of Canada dropped their price objective on shares of Autodesk from $335.00 to $305.00 and set an "outperform" rating on the stock in a research note on Friday, May 29th. BTIG Research reiterated a "buy" rating and set a $300.00 target price on shares of Autodesk in a report on Friday, August 28th. BNP Paribas Exane upped their price target on Autodesk from $295.00 to $300.00 and gave the stock an "outperform" rating in a research note on Friday, August 28th. Barclays reaffirmed an "overweight" rating on shares of Autodesk in a research report on Wednesday, August 19th. Finally, Jefferies Financial Group raised Autodesk to a "strong-buy" rating in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $321.19.

Insiders Place Their Bets

In other Autodesk news, Director John Cahill purchased 2,000 shares of the firm's stock in a transaction dated Tuesday, June 23rd. The stock was purchased at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the completion of the purchase, the director directly owned 4,000 shares of the company's stock, valued at $756,800. This trade represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Janesh Moorjani purchased 2,500 shares of the firm's stock in a transaction dated 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 purchase, the executive vice president directly owned 50,993 shares of the company's stock, valued at approximately $10,079,786.31. The trade was a 5.16% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.14% of the stock is currently owned by company insiders.

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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