Leonteq Securities AG Grows Holdings in Autodesk, Inc. $ADSK

Leonteq Securities AG grew its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 59.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,502 shares of the software company’s stock after purchasing an additional 2,419 shares during the period. Leonteq Securities AG’s holdings in Autodesk were worth $1,264,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Measured Wealth Private Client Group LLC purchased a new position in Autodesk during the 3rd quarter valued at about $25,000. Kemnay Advisory Services Inc. purchased a new stake in Autodesk during the fourth quarter worth about $25,000. Torren Management LLC purchased a new stake in Autodesk during the fourth quarter worth about $25,000. Archer Investment Corp lifted its position in shares of Autodesk by 112.2% during the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after purchasing an additional 46 shares in the last quarter. Finally, Prosperity Bancshares Inc purchased a new position in shares of Autodesk in the fourth quarter valued at approximately $27,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Stock Performance

Shares of ADSK stock opened at $257.96 on Friday. The stock’s 50-day moving average is $215.88 and its two-hundred day moving average is $232.15. The firm has a market cap of $54.43 billion, a price-to-earnings ratio of 37.60, a PEG ratio of 1.53 and a beta of 1.29. 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 quick ratio of 0.83 and a current ratio of 0.83.

Autodesk (NASDAQ:ADSK) last posted its earnings results 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. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The business’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period in the previous year, the business earned $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. Analysts predict that Autodesk, Inc. will post 9.7 earnings per share for the current year.

Insider Activity

In other Autodesk news, Director Stacy J. Smith purchased 3,435 shares of Autodesk stock in a transaction that occurred on Friday, May 29th. The stock was purchased at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the transaction, the director directly owned 26,517 shares in the company, valued at $6,129,934.89. This trade represents a 14.88% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 acquired at an average price of $189.20 per share, with a total value of $378,400.00. Following the purchase, the director owned 4,000 shares in the company, valued at $756,800. This trade represents a 100.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders bought 7,935 shares of company stock valued at $1,666,644. 0.14% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have commented on ADSK. Royal Bank Of Canada decreased their price target on shares of Autodesk from $335.00 to $305.00 and set an “outperform” rating for the company in a research report on Friday, May 29th. UBS Group reiterated a “buy” rating on shares of Autodesk in a research note on Friday, May 29th. BNP Paribas Exane initiated coverage on Autodesk in a report on Thursday, June 18th. They issued an “outperform” rating and a $295.00 target price for the company. Loop Capital lowered their target price on Autodesk from $250.00 to $235.00 and set a “hold” rating for the company in a research note on Friday, May 29th. Finally, DA Davidson restated a “buy” rating and set a $325.00 price target on shares of Autodesk in a report on Friday, May 29th. Three 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $321.07.

About Autodesk

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.