Autodesk (NASDAQ:ADSK) EVP Purchases $494,175.00 in Stock

Autodesk, Inc. (NASDAQ:ADSK) EVP Janesh Moorjani purchased 2,500 shares of the stock in a transaction on Monday, June 15th. The shares were bought at an average cost of $197.67 per share, for a total transaction of $494,175.00. Following the transaction, the executive vice president directly owned 50,993 shares in the company, valued at approximately $10,079,786.31. The trade was a 5.16% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Autodesk Stock Up 0.1%

Shares of NASDAQ:ADSK traded up $0.17 during trading on Monday, hitting $198.60. 3,303,148 shares of the company were exchanged, compared to its average volume of 2,252,811. The stock has a market cap of $41.90 billion, a price-to-earnings ratio of 28.95, a P/E/G ratio of 1.22 and a beta of 1.30. Autodesk, Inc. has a fifty-two week low of $194.47 and a fifty-two week high of $329.09. The firm has a fifty day moving average price of $235.55 and a two-hundred day moving average price of $255.27. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.15. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The business’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.29 EPS. 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, research analysts anticipate that Autodesk, Inc. will post 9.64 earnings per share for the current fiscal year.

Institutional Trading of Autodesk

Institutional investors have recently added to or reduced their stakes in the company. OFI Invest Asset Management raised its position in shares of 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 acquiring an additional 37,449 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Autodesk by 46.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 532,504 shares of the software company’s stock worth $157,627,000 after acquiring an additional 169,099 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Autodesk by 0.5% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 946,476 shares of the software company’s stock worth $280,166,000 after acquiring an additional 4,845 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Autodesk during the third quarter worth about $1,977,000. Finally, Schnieders Capital Management LLC. bought a new position in shares of Autodesk during the second quarter worth about $466,000. 90.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Barclays decreased their target price on Autodesk from $315.00 to $300.00 and set an “overweight” rating on the stock in a report on Wednesday, May 13th. Robert W. Baird decreased their target price on Autodesk from $355.00 to $312.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. Wells Fargo & Company decreased their target price on Autodesk from $350.00 to $330.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Wolfe Research boosted their target price on Autodesk from $330.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Autodesk in a report on Wednesday, June 3rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and a consensus target price of $327.21.

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.