Oppenheimer Asset Management Inc. Acquires Shares of 4,818 Autodesk, Inc. $ADSK

Oppenheimer Asset Management Inc. bought a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,818 shares of the software company’s stock, valued at approximately $937,000.

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

Analysts Set New Price Targets

ADSK has been the topic of several analyst reports. Wells Fargo & Company reduced their price target on shares of Autodesk from $350.00 to $330.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. BNP Paribas Exane initiated coverage on shares of Autodesk in a research report on Thursday, June 18th. They set an “outperform” rating and a $295.00 price objective for the company. Weiss Ratings cut Autodesk from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 10th. Guggenheim initiated coverage on Autodesk in a report on Wednesday, July 22nd. They issued a “buy” rating and a $245.00 target price on the stock. Finally, Bank of America reiterated a “buy” rating and issued a $300.00 price target on shares of Autodesk in a research note on Tuesday, May 12th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Autodesk currently has an average rating of “Moderate Buy” and an average target price of $321.07.

Insider Activity

In other Autodesk news, Director John T. Cahill purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The stock was purchased at an average price of $189.20 per share, with a total value of $378,400.00. Following the completion of the purchase, the director owned 4,000 shares of the company’s stock, valued at approximately $756,800. The trade was a 100.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Stacy J. Smith purchased 3,435 shares of the business’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 acquisition, 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 position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders acquired 7,935 shares of company stock valued at $1,666,644. Insiders own 0.14% of the company’s stock.

Autodesk Stock Performance

Autodesk stock opened at $251.66 on Monday. The business has a 50 day moving average of $216.31 and a 200-day moving average of $232.00. Autodesk, Inc. has a 1 year low of $185.50 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 company has a market capitalization of $53.10 billion, a P/E ratio of 36.69, a P/E/G ratio of 1.54 and a beta of 1.29.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.15. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter last year, the business earned $2.29 EPS. The firm’s quarterly revenue 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. On average, equities research analysts predict that Autodesk, Inc. will post 9.7 earnings per share for the current year.

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.