53,095 Shares in Autodesk, Inc. $ADSK Bought by Varma Mutual Pension Insurance Co

Varma Mutual Pension Insurance Co bought a new stake in Autodesk, Inc. (NASDAQ:ADSK) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 53,095 shares of the software company’s stock, valued at approximately $10,323,000.

A number of other institutional investors have also modified their holdings of ADSK. Measured Wealth Private Client Group LLC acquired a new stake in Autodesk in the third quarter worth about $25,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Autodesk during the fourth quarter worth about $25,000. Torren Management LLC acquired a new position in shares of Autodesk during the fourth quarter valued at about $25,000. Archer Investment Corp increased its holdings in shares of Autodesk by 112.2% during the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after acquiring an additional 46 shares in the last quarter. Finally, Prosperity Bancshares Inc purchased a new position in shares of Autodesk in the 4th quarter valued at approximately $27,000. 90.24% of the stock is currently owned by institutional investors.

Autodesk Price Performance

Shares of ADSK opened at $253.82 on Monday. The business’s 50-day moving average is $219.71 and its two-hundred day moving average is $231.61. The company has a market capitalization of $53.56 billion, a P/E ratio of 37.00, a P/E/G ratio of 1.55 and a beta of 1.29. Autodesk, Inc. has a fifty-two week low of $185.50 and a fifty-two 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.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, topping the consensus estimate of $2.84 by $0.15. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same period last year, the company earned $2.29 earnings per share. Autodesk’s revenue for the quarter was up 18.4% compared to the same quarter last year. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. Research analysts predict that Autodesk, Inc. will post 9.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ADSK has been the topic of several research analyst reports. Wells Fargo & Company dropped their target price on shares of Autodesk from $350.00 to $330.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Guggenheim raised their price target on shares of Autodesk from $245.00 to $277.00 and gave the stock a “buy” rating in a report on Thursday. Loop Capital lowered their price objective on shares of Autodesk from $250.00 to $235.00 and set a “hold” rating for the company in a research note on Friday, May 29th. KeyCorp reissued an “overweight” rating on shares of Autodesk in a report on Wednesday. Finally, Rothschild & Co Redburn reduced their target price on Autodesk from $375.00 to $360.00 and set a “buy” rating for the company in a research note on Monday, June 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Autodesk currently has an average rating of “Moderate Buy” and an average price target of $321.65.

Insider Buying and Selling

In other Autodesk news, Director John T. Cahill purchased 2,000 shares of Autodesk stock in a transaction that occurred on Tuesday, June 23rd. The stock was bought at an average price of $189.20 per share, with a total value of $378,400.00. Following the acquisition, the director owned 4,000 shares of the company’s stock, valued at $756,800. This trade represents a 100.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stacy J. Smith acquired 3,435 shares of the company’s stock in a transaction on Friday, May 29th. The stock was acquired at an average cost of $231.17 per share, for a total transaction of $794,068.95. Following the completion of the acquisition, the director owned 26,517 shares of the company’s stock, valued at $6,129,934.89. This trade represents a 14.88% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have bought 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.