PensionDanmark Pensionsforsikringsaktieselskab Raises Stock Holdings in Autodesk, Inc. $ADSK

PensionDanmark Pensionsforsikringsaktieselskab increased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 8.9% in the second quarter, Holdings Channel.com reports. The fund owned 46,783 shares of the software company’s stock after buying an additional 3,843 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Autodesk were worth $9,096,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. grew its position in Autodesk by 10.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 27,266 shares of the software company’s stock valued at $5,301,000 after acquiring an additional 2,502 shares during the last quarter. Armstrong Henry H Associates Inc. lifted its position in shares of Autodesk by 34.8% during the second quarter. Armstrong Henry H Associates Inc. now owns 4,683 shares of the software company’s stock worth $910,000 after purchasing an additional 1,210 shares during the last quarter. Byrne Asset Management LLC lifted its position in shares of Autodesk by 49.1% during the second quarter. Byrne Asset Management LLC now owns 2,296 shares of the software company’s stock worth $446,000 after purchasing an additional 756 shares during the last quarter. Evanson Financial LLC purchased a new stake in shares of Autodesk during the second quarter valued at $211,000. Finally, Dynamic Advisor Solutions LLC purchased a new stake in shares of Autodesk during the second quarter valued at $356,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

NASDAQ ADSK opened at $249.08 on Friday. The company has a market cap of $52.56 billion, a PE ratio of 36.31, a P/E/G ratio of 1.53 and a beta of 1.29. The firm’s 50 day moving average price is $214.54 and its 200-day moving average price is $232.63. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 0.83. Autodesk, Inc. has a 52-week low of $185.50 and a 52-week high of $329.09.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.15. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.89 billion. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. Autodesk’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.29 earnings per share. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. Sell-side analysts forecast that Autodesk, Inc. will post 9.64 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. BNP Paribas Exane began coverage on shares of Autodesk in a research note on Thursday, June 18th. They issued an “outperform” rating and a $295.00 price target on the stock. Robert W. Baird decreased their price target on shares of Autodesk from $355.00 to $312.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Bank of America reiterated a “buy” rating and issued a $300.00 price target on shares of Autodesk in a report on Tuesday, May 12th. Weiss Ratings cut Autodesk from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 10th. Finally, Royal Bank Of Canada reduced their price objective on Autodesk from $335.00 to $305.00 and set an “outperform” rating on the stock in a report on Friday, May 29th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.40.

Insider Activity

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

Autodesk 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.