Green Alpha Advisors LLC Buys Shares of 2,883 Autodesk, Inc. $ADSK

Green Alpha Advisors LLC acquired a new position in Autodesk, Inc. (NASDAQ:ADSK) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,883 shares of the software company’s stock, valued at approximately $561,000.

A number of other large investors have also added to or reduced their stakes in ADSK. BlackRock Inc. purchased a new stake in Autodesk during the second quarter valued at approximately $4,828,855,000. Norges Bank acquired a new position in shares of Autodesk in the fourth quarter valued at about $867,480,000. Northwestern Mutual Wealth Management Co. increased 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 worth $675,055,000 after acquiring an additional 2,275,384 shares during the period. Deutsche Bank AG acquired a new position in shares of Autodesk in the 2nd quarter valued at about $322,851,000. Finally, Bank of New York Mellon Corp purchased a new stake in Autodesk during the second quarter worth $228,908,000. 90.24% of the stock is currently owned by institutional investors.

Autodesk Stock Performance

Shares of ADSK stock opened at $253.82 on Friday. The stock’s 50-day moving average is $219.71 and its two-hundred day moving average is $231.77. Autodesk, Inc. has a 1 year low of $185.50 and a 1 year high of $329.09. The firm has a market cap of $53.56 billion, a price-to-earnings ratio of 37.00, a PEG ratio of 1.54 and a beta of 1.29. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 0.83.

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, topping the consensus estimate of $2.84 by $0.15. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same period last year, the firm 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. Analysts predict that Autodesk, Inc. will post 9.7 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently commented on ADSK shares. Jefferies Financial Group upgraded Autodesk to a “strong-buy” rating in a research report on Tuesday, May 26th. Bank of America restated a “buy” rating and set a $300.00 price target on shares of Autodesk in a research note on Tuesday, May 12th. Rosenblatt Securities reiterated a “buy” rating and set a $330.00 price target on shares of Autodesk in a research note on Monday, June 1st. Piper Sandler reduced their target price on shares of Autodesk from $383.00 to $369.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Finally, BMO Capital Markets dropped their price target on shares of Autodesk from $279.00 to $262.00 and set a “market perform” rating for the company in a research note on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $321.65.

Insider Activity at Autodesk

In other Autodesk news, EVP Janesh Moorjani acquired 2,500 shares of the stock in a transaction on Monday, June 15th. The shares were bought at an average price of $197.67 per share, with a total value of $494,175.00. Following the acquisition, the executive vice president owned 50,993 shares of the company’s stock, valued at $10,079,786.31. This trade represents a 5.16% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John T. Cahill acquired 2,000 shares of the company’s 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 directly owned 4,000 shares of the company’s stock, valued at $756,800. This trade represents a 100.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 7,935 shares of company stock worth $1,666,644 over the last 90 days. Company insiders own 0.14% of the company’s stock.

Autodesk 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.