532,730 Shares in Autodesk, Inc. $ADSK Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 532,730 shares of the software company’s stock, valued at approximately $103,573,000.

Several other institutional investors and hedge funds also recently bought and sold shares of ADSK. Measured Wealth Private Client Group LLC purchased a new stake in shares of Autodesk in the third quarter worth approximately $25,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Autodesk during the fourth quarter worth approximately $25,000. Torren Management LLC purchased a new position in Autodesk during the fourth quarter valued at approximately $25,000. Archer Investment Corp grew its position in Autodesk by 112.2% during the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after purchasing an additional 46 shares in the last quarter. Finally, Prosperity Bancshares Inc acquired a new position in Autodesk in the 4th quarter valued at approximately $27,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on ADSK. BTIG Research reiterated a “buy” rating and issued a $300.00 target price on shares of Autodesk in a research report on Friday, May 29th. BNP Paribas Exane initiated coverage on shares of Autodesk in a report on Thursday, June 18th. They set an “outperform” rating and a $295.00 price target on the stock. Citigroup upped their price target on shares of Autodesk from $246.00 to $252.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th. Barclays cut their price objective on Autodesk from $315.00 to $300.00 and set an “overweight” rating for the company in a report on Wednesday, May 13th. Finally, Royal Bank Of Canada reduced their price objective on Autodesk from $335.00 to $305.00 and set an “outperform” rating for the company in a research report on Friday, May 29th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and a consensus price target of $321.07.

Autodesk Stock Performance

ADSK stock opened at $246.79 on Wednesday. The firm has a 50 day moving average of $217.10 and a two-hundred day moving average of $231.66. Autodesk, Inc. has a 12 month low of $185.50 and a 12 month high of $329.09. The company has a market capitalization of $52.07 billion, a price-to-earnings ratio of 35.98, a P/E/G ratio of 1.54 and a beta of 1.29. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.78.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.15. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter last year, the firm earned $2.29 EPS. Autodesk’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. As a group, equities analysts anticipate that Autodesk, Inc. will post 9.7 EPS for the current fiscal year.

Insider Buying and Selling at Autodesk

In related news, Director John T. Cahill purchased 2,000 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The stock was bought at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the purchase, the director owned 4,000 shares in the company, valued at $756,800. The trade was a 100.00% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Stacy J. Smith acquired 3,435 shares of the stock in a transaction dated Friday, May 29th. The shares were bought at an average cost of $231.17 per share, for a total transaction of $794,068.95. Following the acquisition, the director owned 26,517 shares in the company, valued at $6,129,934.89. The trade was a 14.88% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 7,935 shares of company stock worth $1,666,644 over the last three months. Corporate insiders own 0.14% of the company’s stock.

About Autodesk

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.