Mediolanum International Funds Ltd Raises Holdings in Autodesk, Inc. $ADSK

Mediolanum International Funds Ltd increased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 29.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,712 shares of the software company’s stock after acquiring an additional 21,270 shares during the period. Mediolanum International Funds Ltd’s holdings in Autodesk were worth $22,322,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of ADSK. Measured Wealth Private Client Group LLC purchased a new stake in Autodesk in the 3rd quarter worth approximately $25,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Autodesk during the 4th quarter worth approximately $25,000. Torren Management LLC purchased a new position in shares of Autodesk during the 4th quarter valued at approximately $25,000. Archer Investment Corp increased its holdings in shares of Autodesk by 112.2% during the 4th 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 shares of Autodesk in the 4th quarter valued at $27,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Janesh Moorjani acquired 2,500 shares of the stock in a transaction that occurred 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 acquisition, the executive vice president owned 50,993 shares in the company, valued at approximately $10,079,786.31. This represents a 5.16% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John T. Cahill acquired 2,000 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were purchased 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 owned 4,000 shares in the company, valued at $756,800. This represents a 100.00% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders have bought 7,935 shares of company stock worth $1,666,644. Insiders own 0.14% of the company’s stock.

Autodesk Stock Performance

ADSK opened at $218.35 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.78. The company has a market cap of $46.07 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 1.34 and a beta of 1.32. Autodesk, Inc. has a 52-week low of $185.50 and a 52-week high of $329.09. The firm’s fifty day simple moving average is $217.43 and its two-hundred day simple moving average is $238.34.

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. BTIG Research reissued a “buy” rating and set a $300.00 price target on shares of Autodesk in a report on Friday, May 29th. Arete Research lowered their target price on shares of Autodesk from $460.00 to $456.00 and set a “buy” rating on the stock in a research note on Thursday, March 26th. Weiss Ratings lowered Autodesk from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 10th. DA Davidson reaffirmed a “buy” rating and issued a $325.00 price target on shares of Autodesk in a report on Friday, May 29th. Finally, BMO Capital Markets dropped their price objective on Autodesk from $279.00 to $262.00 and set a “market perform” rating on the stock in a report on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $326.10.

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.