Nykredit A S Makes New $22.49 Million Investment in Autodesk, Inc. $ADSK

Nykredit A S bought a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) in the second quarter, HoldingsChannel.com reports. The firm bought 115,682 shares of the software company’s stock, valued at approximately $22,491,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ADSK. BlackRock Inc. bought a new stake in shares of Autodesk in the second quarter worth $4,828,855,000. Bank of America Corp DE purchased a new stake in Autodesk during the second quarter valued at $576,727,000. Norges Bank bought a new position in Autodesk in the fourth quarter valued at about $867,480,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Autodesk by 44,345.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,280,515 shares of the software company’s stock valued at $675,055,000 after acquiring an additional 2,275,384 shares during the period. Finally, Legal & General Group Plc purchased a new position in Autodesk in the second quarter worth about $422,928,000. 90.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ADSK shares. Guggenheim boosted their price target on Autodesk from $277.00 to $283.00 and gave the company a “buy” rating in a research note on Friday, August 28th. Wells Fargo & Company dropped their price objective on shares of Autodesk from $350.00 to $330.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. BMO Capital Markets boosted their target price on shares of Autodesk from $262.00 to $283.00 and gave the company a “market perform” rating in a research report on Friday, August 28th. Argus reaffirmed a “buy” rating and set a $355.00 target price on shares of Autodesk in a report on Wednesday. Finally, Citigroup increased their price target on shares of Autodesk from $269.00 to $276.00 and gave the stock a “neutral” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $321.19.

Autodesk Stock Performance

Shares of ADSK opened at $237.52 on Friday. 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. The business has a 50-day simple moving average of $230.47 and a two-hundred day simple moving average of $232.60.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 58.63% and a net margin of 21.08%.The firm’s revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the company posted $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. On average, analysts expect that Autodesk, Inc. will post 9.63 EPS for the current year.

Insider Buying and Selling

In other news, EVP Janesh Moorjani purchased 2,500 shares of the company’s stock in a transaction on Monday, June 15th. The stock was acquired at an average cost of $197.67 per share, for a total transaction of $494,175.00. Following the completion of the transaction, the executive vice president directly owned 50,993 shares in the company, valued at $10,079,786.31. This trade represents a 5.16% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 price of $189.20 per share, for a total transaction of $378,400.00. Following the completion of the transaction, the director directly owned 4,000 shares in the company, valued at approximately $756,800. This trade represents a 100.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 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.