OP Asset Management Ltd Acquires New Shares in Autodesk, Inc. $ADSK

OP Asset Management Ltd purchased a new position in Autodesk, Inc. (NASDAQ:ADSK) during the first quarter, HoldingsChannel.com reports. The fund purchased 70,342 shares of the software company’s stock, valued at approximately $16,840,000.

A number of other institutional investors have also added to or reduced their stakes in ADSK. Measured Wealth Private Client Group LLC bought a new stake in shares of Autodesk during the 3rd quarter valued at about $25,000. Kemnay Advisory Services Inc. purchased a new position in Autodesk in the 4th quarter worth $25,000. Torren Management LLC purchased a new position in shares of Autodesk in the fourth quarter worth about $25,000. Archer Investment Corp lifted its position in Autodesk by 112.2% in the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after purchasing an additional 46 shares during the last quarter. Finally, Prosperity Bancshares Inc bought a new stake in Autodesk during the 4th quarter valued at $27,000. 90.24% of the stock is currently owned by institutional investors.

Autodesk Trading Up 2.0%

Shares of Autodesk stock opened at $192.61 on Thursday. The company has a market capitalization of $40.64 billion, a P/E ratio of 28.08, a P/E/G ratio of 1.16 and a beta of 1.29. 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 company has a fifty day moving average of $229.35 and a 200 day moving average of $249.08. Autodesk, Inc. has a fifty-two week low of $185.50 and a fifty-two week high of $329.09.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.15. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the prior year, the business posted $2.29 EPS. 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. On average, sell-side analysts anticipate that Autodesk, Inc. will post 9.64 earnings per share for the current fiscal year.

Insider Activity at Autodesk

In other Autodesk news, Director Stacy J. Smith purchased 3,435 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were bought at an average cost of $231.17 per share, with a total value of $794,068.95. Following the acquisition, the director owned 26,517 shares in the company, valued at approximately $6,129,934.89. This trade represents a 14.88% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John T. Cahill purchased 2,000 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was acquired 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. This trade represents a 100.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have acquired 7,935 shares of company stock valued at $1,666,644. 0.14% of the stock is owned by company insiders.

Key Stories Impacting Autodesk

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Director John Cahill bought 2,000 shares of Autodesk at $189.20, a sign of insider confidence that investors often view as supportive for the stock. Autodesk (NASDAQ:ADSK) Director John Cahill Acquires 2,000 Shares
• Positive Sentiment: BNP Paribas initiated coverage with an Outperform rating and a $295 price target, adding to Wall Street support for Autodesk. Is Autodesk (ADSK) One of the Best Big Tech Stocks to Buy According to Wall Street Analysts?
• Positive Sentiment: Autodesk committed $350 million over three years to expand free access, AI training, and certifications, which could deepen user adoption and reinforce its long-term ecosystem moat. Is Autodesk’s (ADSK) $350 Million AI Education Push Quietly Reshaping Its Ecosystem Moat?
• Positive Sentiment: The company’s recent earnings beat and solid revenue growth continue to support the broader bullish case, with analysts still expecting meaningful earnings power ahead. Autodesk stock and earnings background
• Neutral Sentiment: Autodesk also raised borrowing capacity through a revolving credit facility, which improves financial flexibility but does not directly change near-term fundamentals. Autodesk (ADSK) Raises Borrowing Capacity Through Revolving Credit Facility Adjustments

Analyst Upgrades and Downgrades

ADSK has been the subject of a number of recent analyst reports. BNP Paribas Exane initiated coverage on Autodesk in a research report on Thursday, June 18th. They set an “outperform” rating and a $295.00 price target for the company. Deutsche Bank Aktiengesellschaft lowered their price objective on Autodesk from $375.00 to $330.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Arete Research cut their price objective on Autodesk from $460.00 to $456.00 and set a “buy” rating for the company in a report on Thursday, March 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Autodesk in a report on Wednesday, June 3rd. Finally, UBS Group reiterated a “buy” rating on shares of Autodesk in a research note on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $326.10.

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.