Pictet Asset Management Holding SA Has $534.01 Million Stock Position in Autodesk, Inc. $ADSK

Pictet Asset Management Holding SA lifted its stake in Autodesk, Inc. (NASDAQ:ADSK) by 30.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,746,643 shares of the software company’s stock after buying an additional 643,267 shares during the period. Pictet Asset Management Holding SA’s holdings in Autodesk were worth $534,014,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of ADSK. Measured Wealth Private Client Group LLC acquired a new stake in Autodesk in the 3rd quarter valued at $25,000. Kemnay Advisory Services Inc. bought a new position in shares of Autodesk during the fourth quarter valued at $25,000. Torren Management LLC acquired a new stake in shares of Autodesk in the 4th quarter valued at $25,000. Archer Investment Corp boosted its stake in shares of Autodesk by 112.2% in 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 bought a new stake in shares of Autodesk in the 4th quarter worth about $27,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of ADSK stock opened at $251.66 on Friday. The firm has a market cap of $53.10 billion, a price-to-earnings ratio of 36.69, a PEG ratio of 1.58 and a beta of 1.29. Autodesk, Inc. has a 12 month low of $185.50 and a 12 month high of $329.09. 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 stock has a 50-day moving average price of $216.31 and a 200 day moving average price of $232.28.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.15. The company had revenue of $1.93 billion for 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%. The company’s revenue was up 18.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.29 EPS. 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 expect that Autodesk, Inc. will post 9.7 EPS for the current year.

Insider Buying and Selling

In other Autodesk news, EVP Janesh Moorjani acquired 2,500 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were acquired at an average cost of $197.67 per share, for a total transaction of $494,175.00. Following the completion of the acquisition, the executive vice president directly owned 50,993 shares of the company’s stock, valued at approximately $10,079,786.31. This represents a 5.16% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stacy J. Smith acquired 3,435 shares of Autodesk 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 purchase, the director owned 26,517 shares of the company’s stock, valued at approximately $6,129,934.89. The trade was a 14.88% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 7,935 shares of company stock valued at $1,666,644 over the last ninety days. Insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Bank of America restated a “buy” rating and issued a $300.00 price target on shares of Autodesk in a research report on Tuesday, May 12th. Barclays cut their target price on shares of Autodesk from $315.00 to $300.00 and set an “overweight” rating for the company in a research note on Wednesday, May 13th. BMO Capital Markets decreased their price target on Autodesk from $279.00 to $262.00 and set a “market perform” rating on the stock in a research report on Friday, May 29th. Zacks Research lowered Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Finally, The Goldman Sachs Group started coverage on shares of Autodesk in a research report on Tuesday. They issued a “neutral” rating and a $260.00 price objective for the company. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $321.07.

About Autodesk

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.