2,177 Shares in Autodesk, Inc. $ADSK Acquired by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. acquired a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) in the second quarter, Holdings Channel reports. The fund acquired 2,177 shares of the software company’s stock, valued at approximately $423,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Measured Wealth Private Client Group LLC acquired a new position in shares of Autodesk during the third quarter valued at $25,000. Kemnay Advisory Services Inc. bought a new position in shares of Autodesk during the fourth quarter worth about $25,000. Torren Management LLC acquired a new stake in shares of Autodesk in the 4th quarter worth about $25,000. Archer Investment Corp increased its holdings in shares of 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 acquiring an additional 46 shares during the period. Finally, Prosperity Bancshares Inc bought a new stake in Autodesk in the 4th quarter valued at about $27,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Stock Down 1.3%

ADSK stock opened at $251.21 on Wednesday. Autodesk, Inc. has a 52 week low of $185.50 and a 52 week high of $329.09. The company has a market capitalization of $53.01 billion, a price-to-earnings ratio of 36.62, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29. The firm’s 50-day moving average is $221.83 and its two-hundred day moving average is $231.76. 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 (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, beating the consensus estimate of $2.84 by $0.15. The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The business’s revenue was up 18.4% on a year-over-year basis. During the same period last year, the firm posted $2.29 earnings per share. 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 forecast that Autodesk, Inc. will post 9.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director John T. Cahill purchased 2,000 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were bought at an average cost of $189.20 per share, for a total transaction of $378,400.00. Following the transaction, the director 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Janesh Moorjani acquired 2,500 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was purchased at an average cost of $197.67 per share, for a total transaction of $494,175.00. Following the purchase, the executive vice president directly owned 50,993 shares in the company, valued at approximately $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 7,935 shares of company stock worth $1,666,644 over the last ninety days. Company insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on ADSK shares. Wells Fargo & Company reduced their target price on shares of Autodesk from $350.00 to $330.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Loop Capital cut their price target on Autodesk from $250.00 to $235.00 and set a “hold” rating on the stock in a report on Friday, May 29th. Guggenheim lifted their price target on Autodesk from $245.00 to $277.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Morgan Stanley reduced their price objective on Autodesk from $350.00 to $315.00 and set an “overweight” rating for the company in a research report on Tuesday, May 26th. Finally, Bank of America reissued a “buy” rating and issued a $300.00 price objective on shares of Autodesk in a report on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and a consensus target price of $321.65.

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.