Danske Bank A S Buys Shares of 495,240 Autodesk, Inc. $ADSK

Danske Bank A S bought a new position in Autodesk, Inc. (NASDAQ:ADSK) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 495,240 shares of the software company’s stock, valued at approximately $96,285,000. Danske Bank A S owned about 0.23% of Autodesk as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Quantinno Capital Management LP boosted its stake in shares of Autodesk by 17.8% during the 1st quarter. Quantinno Capital Management LP now owns 385,572 shares of the software company’s stock worth $92,306,000 after acquiring an additional 58,285 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Autodesk by 158.4% in the 1st quarter. SG Americas Securities LLC now owns 272,548 shares of the software company’s stock worth $65,248,000 after purchasing an additional 167,064 shares in the last quarter. Man Group plc raised its holdings in Autodesk by 28.6% in the 4th quarter. Man Group plc now owns 1,229,946 shares of the software company’s stock worth $364,076,000 after purchasing an additional 273,765 shares during the period. Seilern Investment Management Ltd raised its holdings in Autodesk by 11.0% in the 2nd quarter. Seilern Investment Management Ltd now owns 227,675 shares of the software company’s stock worth $44,265,000 after purchasing an additional 22,547 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in Autodesk by 9.1% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,032,443 shares of the software company’s stock valued at $247,167,000 after purchasing an additional 85,967 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.

Autodesk Trading Up 2.1%

Shares of ADSK stock opened at $246.79 on Wednesday. Autodesk, Inc. has a 52-week low of $185.50 and a 52-week high of $329.09. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market capitalization of $52.07 billion, a PE ratio of 35.98, a PEG ratio of 1.54 and a beta of 1.29. The stock has a fifty day simple moving average of $217.10 and a two-hundred day simple moving average of $231.66.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 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 the consensus estimate of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The business’s revenue was up 18.4% on a year-over-year basis. During the same period in the previous 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. On average, analysts predict that Autodesk, Inc. will post 9.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on ADSK shares. Jefferies Financial Group raised Autodesk to a “strong-buy” rating in a report on Tuesday, May 26th. Piper Sandler lowered their price objective on Autodesk from $383.00 to $369.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Barclays cut their price objective on Autodesk from $315.00 to $300.00 and set an “overweight” rating for the company in a research note on Wednesday, May 13th. Weiss Ratings lowered shares of Autodesk from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 10th. Finally, BTIG Research restated a “buy” rating and set a $300.00 target price on shares of Autodesk in a research note on Friday, May 29th. Three 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $321.07.

Insider Buying and Selling

In related news, EVP Janesh Moorjani acquired 2,500 shares of the business’s stock in a transaction on Monday, June 15th. The stock was acquired at an average cost of $197.67 per share, with a total value of $494,175.00. Following the acquisition, the executive vice president directly owned 50,993 shares in the company, valued at $10,079,786.31. This represents a 5.16% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John T. Cahill acquired 2,000 shares of Autodesk stock in a transaction dated Tuesday, June 23rd. The shares were bought at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the transaction, the director owned 4,000 shares of the company’s stock, valued at approximately $756,800. The trade was a 100.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have acquired 7,935 shares of company stock valued at $1,666,644. Corporate insiders own 0.14% of the company’s stock.

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.