Edmond DE Rothschild Holding S.A. Buys New Stake in Autodesk, Inc. $ADSK

Edmond DE Rothschild Holding S.A. bought a new position in Autodesk, Inc. (NASDAQ:ADSK) in the second quarter, Holdings Channel.com reports. The fund bought 5,966 shares of the software company’s stock, valued at approximately $1,160,000.

Several other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Autodesk in the 2nd quarter worth about $4,828,855,000. Norges Bank bought a new position in shares of Autodesk in the fourth quarter worth about $867,480,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Autodesk by 44,345.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,280,515 shares of the software company’s stock valued at $675,055,000 after purchasing an additional 2,275,384 shares in the last quarter. Deutsche Bank AG acquired a new stake in Autodesk in the 2nd quarter valued at $322,851,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Autodesk in the second quarter valued at $228,908,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ADSK shares. Guggenheim boosted their price objective on Autodesk from $245.00 to $277.00 and gave the stock a “buy” rating in a report on Thursday. UBS Group reissued a “buy” rating on shares of Autodesk in a research report on Friday, May 29th. BTIG Research reiterated a “buy” rating and set a $300.00 price objective on shares of Autodesk in a research note on Friday, May 29th. Wells Fargo & Company cut their price objective on Autodesk from $350.00 to $330.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Finally, DA Davidson restated a “buy” rating and issued a $325.00 price objective on shares of Autodesk in a research report on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Autodesk presently has a consensus rating of “Moderate Buy” and a consensus price target of $321.23.

Insider Transactions at Autodesk

In other Autodesk news, EVP Janesh Moorjani acquired 2,500 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was bought at an average price of $197.67 per share, with a total value of $494,175.00. Following the purchase, the executive vice president owned 50,993 shares of the company’s stock, valued at approximately $10,079,786.31. This trade represents a 5.16% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John T. Cahill bought 2,000 shares of Autodesk stock in a transaction that occurred on Tuesday, June 23rd. The shares were acquired at an average cost of $189.20 per share, for a total transaction of $378,400.00. Following the acquisition, the director owned 4,000 shares in the company, valued at $756,800. The trade was a 100.00% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders acquired 7,935 shares of company stock worth $1,666,644. 0.14% of the stock is currently owned by insiders.

Autodesk Price Performance

Shares of Autodesk stock opened at $251.02 on Friday. The firm has a market capitalization of $52.97 billion, a PE ratio of 36.59, a price-to-earnings-growth ratio of 1.54 and a beta of 1.29. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78. Autodesk, Inc. has a 12 month low of $185.50 and a 12 month high of $329.09. The business’s 50-day moving average price is $218.61 and its 200-day moving average price is $231.62.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, topping analysts’ consensus estimates of $2.84 by $0.15. The company had revenue of $1.93 billion during 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%.Autodesk’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter in the previous 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. Sell-side analysts forecast that Autodesk, Inc. will post 9.7 EPS for the current fiscal year.

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.