E Fund Management Co. Ltd. Invests $2.55 Million in Autodesk, Inc. $ADSK

E Fund Management Co. Ltd. acquired a new position in Autodesk, Inc. (NASDAQ:ADSK) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 13,135 shares of the software company’s stock, valued at approximately $2,554,000.

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ADSK shares. Wells Fargo & Company decreased their price objective on Autodesk from $350.00 to $330.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Weiss Ratings downgraded Autodesk from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 10th. Citigroup lifted their price objective on shares of Autodesk from $246.00 to $252.00 and gave the company a “neutral” rating in a report on Friday, May 29th. DA Davidson reissued a “buy” rating and issued a $325.00 price objective on shares of Autodesk in a research report on Friday, May 29th. Finally, Guggenheim assumed coverage on shares of Autodesk in a report on Wednesday, July 22nd. They set a “buy” rating and a $245.00 target price for the company. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $321.07.

Autodesk Stock Performance

NASDAQ ADSK opened at $251.29 on Thursday. The stock has a market cap of $53.02 billion, a PE ratio of 36.63, a P/E/G ratio of 1.51 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. The firm has a 50-day moving average of $217.70 and a 200-day moving average of $231.63. Autodesk, Inc. has a 52-week low of $185.50 and a 52-week high of $329.09.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the previous year, the company posted $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, sell-side analysts anticipate that Autodesk, Inc. will post 9.7 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Janesh Moorjani purchased 2,500 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were bought at an average cost 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Stacy J. Smith bought 3,435 shares of the stock in a transaction on Friday, May 29th. The stock was purchased at an average cost of $231.17 per share, with a total value of $794,068.95. Following the acquisition, the director owned 26,517 shares in the company, valued at approximately $6,129,934.89. This represents a 14.88% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 7,935 shares of company stock worth $1,666,644 over the last three months. Insiders own 0.14% of the company’s stock.

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.