Munich Reinsurance Co Stock Corp in Munich Invests $8.66 Million in Autodesk, Inc. $ADSK

Munich Reinsurance Co Stock Corp in Munich purchased a new position in Autodesk, Inc. (NASDAQ:ADSK) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 27,258 shares of the software company’s stock, valued at approximately $8,659,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Proffitt & Goodson Inc. purchased a new position in shares of Autodesk during the 3rd quarter worth about $27,000. Heartwood Wealth Advisors LLC purchased a new position in shares of Autodesk during the third quarter valued at $28,000. Tripletail Wealth Management LLC purchased a new stake in shares of Autodesk in the 3rd quarter worth approximately $29,000. Financial Consulate Inc. bought a new stake in Autodesk during the 3rd quarter valued at $32,000. Finally, Salomon & Ludwin LLC raised its holdings in Autodesk by 1,275.0% in the third quarter. Salomon & Ludwin LLC now owns 110 shares of the software company’s stock worth $35,000 after purchasing an additional 102 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.

Autodesk Price Performance

Autodesk stock opened at $260.99 on Friday. The firm has a market cap of $55.07 billion, a PE ratio of 49.81, a price-to-earnings-growth ratio of 1.73 and a beta of 1.45. The company’s 50 day moving average is $256.81 and its two-hundred day moving average is $288.85. Autodesk, Inc. has a 52-week low of $215.01 and a 52-week high of $329.09. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 0.82.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, February 26th. The software company reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.64 by $0.21. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the prior year, the firm posted $2.29 EPS. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. On average, research analysts expect that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ADSK. Wolfe Research upped their target price on Autodesk from $330.00 to $350.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Autodesk in a report on Wednesday, January 21st. Morgan Stanley cut their target price on shares of Autodesk from $385.00 to $350.00 and set an “overweight” rating for the company in a report on Monday, February 23rd. KeyCorp restated an “overweight” rating on shares of Autodesk in a research report on Tuesday, December 16th. Finally, Loop Capital lowered their price objective on Autodesk from $320.00 to $250.00 and set a “hold” rating on the stock in a report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $341.96.

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.