Insider Buying: Autodesk (NASDAQ:ADSK) EVP Acquires 2,500 Shares of Stock

Autodesk, Inc. (NASDAQ:ADSK) EVP Janesh Moorjani bought 2,500 shares of the business’s stock in a transaction on Monday, June 15th. The stock was purchased at an average price 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 of the company’s stock, valued at approximately $10,079,786.31. This trade represents a 5.16% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Autodesk Trading Up 0.1%

ADSK traded up $0.17 during mid-day trading on Monday, hitting $198.60. The stock had a trading volume of 3,303,148 shares, compared to its average volume of 2,252,811. Autodesk, Inc. has a 1-year low of $194.47 and a 1-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. The firm has a market capitalization of $41.90 billion, a price-to-earnings ratio of 28.95, a price-to-earnings-growth ratio of 1.22 and a beta of 1.30. The stock’s fifty day simple moving average is $235.55 and its 200-day simple moving average is $255.27.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the previous year, the business posted $2.29 EPS. Autodesk’s revenue for the quarter was up 18.4% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. As a group, research analysts forecast that Autodesk, Inc. will post 9.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ADSK has been the topic of several recent analyst reports. Barclays cut their price objective on Autodesk from $315.00 to $300.00 and set an “overweight” rating on the stock in a report on Wednesday, May 13th. BTIG Research restated a “buy” rating and issued a $300.00 target price on shares of Autodesk in a research note on Friday, May 29th. Stifel Nicolaus cut their target price on Autodesk from $375.00 to $285.00 and set a “buy” rating on the stock in a research note on Monday, February 23rd. UBS Group restated a “buy” rating on shares of Autodesk in a research note on Friday, May 29th. Finally, KeyCorp cut their target price on Autodesk from $365.00 to $341.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $327.21.

Institutional Investors Weigh In On Autodesk

Several institutional investors have recently bought and sold shares of the company. Lombard Odier Asset Management Europe Ltd increased its position in shares of Autodesk by 20.6% during the 1st quarter. Lombard Odier Asset Management Europe Ltd now owns 57,391 shares of the software company’s stock worth $13,739,000 after purchasing an additional 9,794 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Autodesk by 12.6% during the 1st quarter. Parallel Advisors LLC now owns 3,901 shares of the software company’s stock worth $934,000 after purchasing an additional 438 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of Autodesk by 41.4% during the 1st quarter. NewEdge Advisors LLC now owns 41,069 shares of the software company’s stock worth $9,832,000 after purchasing an additional 12,031 shares during the last quarter. Glenmede Trust Co. NA increased its position in shares of Autodesk by 2.9% during the 1st quarter. Glenmede Trust Co. NA now owns 120,637 shares of the software company’s stock worth $28,880,000 after purchasing an additional 3,361 shares during the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new position in shares of Autodesk during the 1st quarter worth approximately $1,798,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Company 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.