Primecap Management Co. CA Takes $116.67 Million Position in Autodesk, Inc. $ADSK

Primecap Management Co. CA purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 600,100 shares of the software company's stock, valued at approximately $116,671,000. Primecap Management Co. CA owned about 0.28% of Autodesk as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ADSK. Quantinno Capital Management LP raised its position in shares of Autodesk by 17.8% during the 1st quarter. Quantinno Capital Management LP now owns 385,572 shares of the software company's stock valued at $92,306,000 after acquiring an additional 58,285 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Autodesk by 158.4% in the 1st quarter. SG Americas Securities LLC now owns 272,548 shares of the software company's stock worth $65,248,000 after purchasing an additional 167,064 shares during the last quarter. Man Group plc grew its stake in shares of Autodesk by 28.6% during the fourth quarter. Man Group plc now owns 1,229,946 shares of the software company's stock worth $364,076,000 after purchasing an additional 273,765 shares during the period. Deutsche Bank AG acquired a new stake in shares of Autodesk during the second quarter worth $322,851,000. Finally, Seilern Investment Management Ltd increased its holdings in Autodesk by 11.0% in the second quarter. Seilern Investment Management Ltd now owns 227,675 shares of the software company's stock valued at $44,265,000 after purchasing an additional 22,547 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Janesh Moorjani bought 2,500 shares of the stock in a transaction on Monday, June 15th. The stock was purchased at an average price of $197.67 per share, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Stacy J. Smith purchased 3,435 shares of the company's stock in a transaction on Friday, May 29th. The stock was purchased at an average cost of $231.17 per share, for a total transaction of $794,068.95. Following the purchase, the director directly owned 26,517 shares in the company, valued at approximately $6,129,934.89. This trade represents a 14.88% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders purchased 7,935 shares of company stock valued at $1,666,644. Company insiders own 0.14% of the company's stock.

Autodesk Stock Performance

Shares of ADSK opened at $251.21 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 0.83. Autodesk, Inc. has a twelve month low of $185.50 and a twelve month high of $329.09. The firm's 50 day moving average price is $221.83 and its two-hundred day moving average price is $231.76. The firm has a market cap of $53.01 billion, a P/E ratio of 36.62, a PEG ratio of 1.56 and a beta of 1.29.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.15. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the prior year, the firm earned $2.29 earnings per share. The firm'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. On average, analysts forecast that Autodesk, Inc. will post 9.7 EPS for the current fiscal year.

Analyst Ratings Changes

ADSK has been the topic of a number of recent analyst reports. BMO Capital Markets reduced their target price on Autodesk from $279.00 to $262.00 and set a "market perform" rating on the stock in a report on Friday, May 29th. The Goldman Sachs Group began coverage on Autodesk in a research note on Tuesday, August 11th. They issued a "neutral" rating and a $260.00 price target for the company. Royal Bank Of Canada cut their price target on shares of Autodesk from $335.00 to $305.00 and set an "outperform" rating on the stock in a research report on Friday, May 29th. Rosenblatt Securities restated a "buy" rating and set a $330.00 price objective on shares of Autodesk in a report on Monday, June 1st. Finally, UBS Group restated a "buy" rating on shares of Autodesk in a report on Friday, May 29th. Two investment analysts have 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 data from MarketBeat.com, Autodesk presently has a consensus rating of "Moderate Buy" and a consensus target price of $321.65.

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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