Insider Buying: Autodesk (NASDAQ:ADSK) Director Buys 3,435 Shares of Stock

Key Points

• Autodesk director Stacy Smith bought 3,435 shares on May 29 at an average price of $231.17, a purchase worth about $794,069 and boosting his holdings by 14.88%.
• Autodesk’s latest earnings beat expectations, with quarterly EPS of $2.99 versus $2.84 expected and revenue of $1.93 billion, up 18.4% year over year.
• Despite the insider buying and solid results, the stock fell about 4% in Friday trading, while analysts broadly remain constructive with a “Moderate Buy” consensus and an average target price of $327.75.

Autodesk, Inc. (NASDAQ:ADSK - Get Free Report) Director Stacy Smith bought 3,435 shares of the business's stock in a transaction on Friday, May 29th. The stock was bought at an average cost of $231.17 per share, with a total value of $794,068.95. Following the completion of the purchase, the director directly owned 26,517 shares in the company, valued at approximately $6,129,934.89. The trade was a 14.88% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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Autodesk Trading Down 4.0%

Shares of ADSK traded down $9.64 during midday trading on Friday, reaching $231.31. The company had a trading volume of 7,641,749 shares, compared to its average volume of 1,914,516. Autodesk, Inc. has a 1-year low of $214.10 and a 1-year high of $329.09. The stock has a market cap of $48.84 billion, a PE ratio of 33.72, a price-to-earnings-growth ratio of 1.55 and a beta of 1.32. The firm has a 50 day simple moving average of $238.86 and a 200-day simple moving average of $260.61. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.82.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.84 by $0.15. Autodesk had a return on equity of 58.65% 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 last year, the company earned $2.29 EPS. The company's revenue for the quarter was up 18.4% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. Research analysts forecast that Autodesk, Inc. will post 9.35 EPS for the current fiscal year.

Hedge Funds Weigh In On Autodesk

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. lifted its position in Autodesk by 12.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,180 shares of the software company's stock worth $48,661,000 after buying an additional 17,358 shares during the period. OFI Invest Asset Management lifted its position in Autodesk by 246.4% during the fourth quarter. OFI Invest Asset Management now owns 52,649 shares of the software company's stock worth $15,585,000 after buying an additional 37,449 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its position in Autodesk by 18.7% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 130,669 shares of the software company's stock worth $41,510,000 after buying an additional 20,543 shares during the period. Freemont Management S.A. purchased a new position in Autodesk during the third quarter worth about $4,765,000. Finally, Renaissance Group LLC purchased a new position in Autodesk during the third quarter worth about $33,789,000. Hedge funds and other institutional investors own 90.24% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on Autodesk from $319.00 to $336.00 and gave the stock an "overweight" rating in a research report on Friday, February 27th. Deutsche Bank Aktiengesellschaft cut their price objective on Autodesk from $375.00 to $330.00 and set a "buy" rating for the company in a research report on Monday, March 2nd. BMO Capital Markets cut their price objective on Autodesk from $279.00 to $262.00 and set a "market perform" rating for the company in a research report on Friday. Stifel Nicolaus cut their price objective on Autodesk from $375.00 to $285.00 and set a "buy" rating for the company in a research report on Monday, February 23rd. Finally, UBS Group reissued a "buy" rating on shares of Autodesk in a research report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $327.75.

Trending Headlines about Autodesk

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Autodesk beat first-quarter estimates, with revenue rising 18% year over year and EPS coming in above consensus, showing continued demand across construction, manufacturing, and AI-driven workflows.
• Positive Sentiment: The company raised fiscal 2027 guidance, which signals management confidence in continued growth and margin expansion.
• Positive Sentiment: DA Davidson reaffirmed its Buy rating and set a $325 price target, implying significant upside from current levels.
• Positive Sentiment: BTIG also reiterated a Buy rating, while Wells Fargo maintained an Overweight view and Piper Sandler kept an Overweight rating, suggesting Street confidence remains intact.
• Neutral Sentiment: Autodesk announced it will present at upcoming investor conferences, which may keep investor attention on the name but is not an immediate catalyst.
• Negative Sentiment: Shares are weaker because investors are worried the MaintainX acquisition could create execution risk, integration challenges, and pressure on margins and financing.
• Negative Sentiment: Some analysts trimmed price targets, including BMO Capital, Loop Capital, Wells Fargo, and Piper Sandler, reflecting a more cautious stance after the deal announcement.

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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