Swiss National Bank Buys 38,440 Shares of Autodesk, Inc. $ADSK

Swiss National Bank increased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 6.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 622,160 shares of the software company’s stock after buying an additional 38,440 shares during the period. Swiss National Bank’s holdings in Autodesk were worth $148,945,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in ADSK. Torren Management LLC purchased a new position in Autodesk in the fourth quarter valued at about $25,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Autodesk during the 3rd quarter worth approximately $25,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Autodesk during the 4th quarter worth approximately $25,000. Archer Investment Corp raised 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 purchasing an additional 46 shares during the period. Finally, Prosperity Bancshares Inc bought a new stake in shares of Autodesk in the 4th quarter worth approximately $27,000. Institutional investors own 90.24% of the company’s stock.

Insider Activity

In related news, Director Stacy J. Smith acquired 3,435 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were bought at an average cost of $231.17 per share, for a total transaction of $794,068.95. Following the purchase, the director owned 26,517 shares in the company, valued at $6,129,934.89. This trade represents a 14.88% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Janesh Moorjani acquired 2,500 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were bought at an average cost of $197.67 per share, for a total transaction of $494,175.00. Following the acquisition, the executive vice president directly owned 50,993 shares in the company, valued at $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. Over the last three months, insiders purchased 7,935 shares of company stock worth $1,666,644. 0.14% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ADSK shares. Bank of America reissued a “buy” rating and set a $300.00 price objective on shares of Autodesk in a report on Tuesday, May 12th. Morgan Stanley lowered their target price on Autodesk from $350.00 to $315.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 26th. Zacks Research cut Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. Royal Bank Of Canada cut their price target on Autodesk from $335.00 to $305.00 and set an “outperform” rating for the company in a research note on Friday, May 29th. Finally, Arete Research decreased their price objective on Autodesk from $460.00 to $456.00 and set a “buy” rating for the company in a report on Thursday, March 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $326.10.

Autodesk Price Performance

ADSK opened at $218.35 on Monday. Autodesk, Inc. has a 12 month low of $185.50 and a 12 month high of $329.09. The company has a market cap of $46.07 billion, a PE ratio of 31.83, a price-to-earnings-growth ratio of 1.34 and a beta of 1.32. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78. The company has a 50 day moving average of $217.43 and a 200 day moving average of $237.90.

Autodesk (NASDAQ:ADSK) last issued its earnings results 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. The business had revenue of $1.93 billion for 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 for the quarter was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.29 EPS. 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, sell-side analysts expect that Autodesk, Inc. will post 9.64 EPS 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.