Autodesk, Inc. $ADSK Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA raised its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 80.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,103,376 shares of the software company’s stock after purchasing an additional 936,388 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Autodesk were worth $503,521,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on ADSK. Citigroup lifted their price objective on shares of Autodesk from $246.00 to $252.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. Arete Research cut their price objective 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. DA Davidson reissued a “buy” rating and set a $325.00 target price on shares of Autodesk in a report on Friday, May 29th. Barclays decreased their target price on shares of Autodesk from $315.00 to $300.00 and set an “overweight” rating for the company in a research report on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Autodesk from $375.00 to $330.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. Two investment 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $326.10.

Insider Buying and Selling at Autodesk

In other news, EVP Janesh Moorjani bought 2,500 shares of the stock in a transaction dated Monday, June 15th. The shares were acquired at an average cost of $197.67 per share, with a total value of $494,175.00. Following the purchase, the executive vice president directly owned 50,993 shares in the company, valued at $10,079,786.31. The trade was a 5.16% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Stacy J. Smith bought 3,435 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were acquired at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the completion of the transaction, the director directly 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 disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders bought 7,935 shares of company stock valued at $1,666,644. Corporate insiders own 0.14% of the company’s stock.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $196.26 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market capitalization of $41.41 billion, a price-to-earnings ratio of 28.61, a PEG ratio of 1.21 and a beta of 1.29. The firm’s 50 day simple moving average is $227.71 and its 200-day simple moving average is $247.90. Autodesk, Inc. has a 12 month low of $185.50 and a 12 month high of $329.09.

Autodesk (NASDAQ:ADSK) last posted 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. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The firm had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the previous year, the business posted $2.29 EPS. The business’s revenue 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. Analysts expect that Autodesk, Inc. will post 9.64 EPS for the current year.

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.