PensionDanmark Pensionsforsikringsaktieselskab Raises Stock Position in Autodesk, Inc. $ADSK

PensionDanmark Pensionsforsikringsaktieselskab raised its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 8.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,783 shares of the software company’s stock after acquiring an additional 3,843 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Autodesk were worth $9,096,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in ADSK. Brighton Jones LLC lifted its holdings in Autodesk by 14.5% in the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock worth $343,000 after purchasing an additional 147 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in Autodesk by 98.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock valued at $765,000 after buying an additional 1,224 shares in the last quarter. Schnieders Capital Management LLC. bought a new stake in shares of Autodesk during the second quarter valued at approximately $466,000. Baird Financial Group Inc. lifted its holdings in shares of Autodesk by 7.5% in the second quarter. Baird Financial Group Inc. now owns 10,048 shares of the software company’s stock worth $3,111,000 after buying an additional 701 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of Autodesk by 25.3% during the second quarter. NewEdge Advisors LLC now owns 13,860 shares of the software company’s stock worth $4,291,000 after acquiring an additional 2,795 shares during the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Janesh Moorjani bought 2,500 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were purchased at an average price of $197.67 per share, with a total value of $494,175.00. Following the transaction, the executive vice president owned 50,993 shares in the company, valued at $10,079,786.31. This trade represents a 5.16% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John T. Cahill purchased 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were bought at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the acquisition, the director directly owned 4,000 shares in the company, valued at $756,800. This trade represents a 100.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have purchased 7,935 shares of company stock valued at $1,666,644. 0.14% of the stock is currently owned by insiders.

Autodesk Stock Up 2.7%

Shares of NASDAQ:ADSK opened at $249.08 on Friday. 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, Inc. has a 12 month low of $185.50 and a 12 month high of $329.09. The company has a 50-day moving average price of $214.54 and a 200 day moving average price of $232.63. The company has a market cap of $52.56 billion, a price-to-earnings ratio of 36.31, a PEG ratio of 1.53 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 for the quarter, topping 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 company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the previous year, the firm posted $2.29 earnings per share. The firm’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, equities research analysts predict that Autodesk, Inc. will post 9.64 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. BTIG Research reaffirmed a “buy” rating and set a $300.00 target price on shares of Autodesk in a research note on Friday, May 29th. Zacks Research downgraded shares of Autodesk from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Guggenheim began coverage on Autodesk in a research report on Wednesday, July 22nd. They set a “buy” rating and a $245.00 price objective for the company. Morgan Stanley reduced their target price on Autodesk from $350.00 to $315.00 and set an “overweight” rating on the stock in a report on Tuesday, May 26th. Finally, BMO Capital Markets decreased their target price on Autodesk from $279.00 to $262.00 and set a “market perform” rating on the stock in a research report on Friday, May 29th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $323.40.

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.