Munich Reinsurance Co Stock Corp in Munich Purchases 15,346 Shares of Autodesk, Inc. $ADSK

Munich Reinsurance Co Stock Corp in Munich increased its position in Autodesk, Inc. (NASDAQ:ADSK) by 83.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 33,655 shares of the software company’s stock after acquiring an additional 15,346 shares during the quarter. Munich Reinsurance Co Stock Corp in Munich’s holdings in Autodesk were worth $8,057,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of research firms recently issued reports on ADSK. Arete Research decreased their price objective on Autodesk from $460.00 to $456.00 and set a “buy” rating on the stock in a research note on Thursday, March 26th. BMO Capital Markets reduced their target price on Autodesk from $279.00 to $262.00 and set a “market perform” rating for the company in a report on Friday, May 29th. Bank of America reissued a “buy” rating and issued a $300.00 price target on shares of Autodesk in a report on Tuesday, May 12th. Jefferies Financial Group raised shares of Autodesk to a “strong-buy” rating in a research note on Tuesday, May 26th. Finally, Zacks Research cut shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $326.10.

Insiders Place Their Bets

In other news, Director Stacy J. Smith acquired 3,435 shares of Autodesk stock in a transaction dated Friday, May 29th. The shares were purchased at an average cost of $231.17 per share, for a total transaction of $794,068.95. Following the transaction, 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Janesh Moorjani acquired 2,500 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were purchased 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 owned 50,993 shares in the company, valued at $10,079,786.31. This represents a 5.16% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 7,935 shares of company stock valued at $1,666,644 over the last 90 days. Insiders own 0.14% of the company’s stock.

Autodesk Price Performance

ADSK stock opened at $206.04 on Thursday. The firm has a 50 day simple moving average of $221.75 and a two-hundred day simple moving average of $242.24. The stock has a market cap of $43.47 billion, a PE ratio of 30.03, a P/E/G ratio of 1.31 and a beta of 1.32. Autodesk, Inc. has a one year low of $185.50 and a one year high of $329.09. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.83.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data 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. The company had revenue of $1.93 billion during 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 firm’s revenue was up 18.4% compared to the same quarter last year. During the same period in the previous year, the firm 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. On average, analysts predict that Autodesk, Inc. will post 9.64 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.