MASTERINVEST Kapitalanlage GmbH acquired a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK – Free Report) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 3,398 shares of the software company’s stock, valued at approximately $661,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in ADSK. BlackRock Inc. bought a new position in Autodesk in the second quarter worth about $4,828,855,000. Bank of America Corp DE bought a new stake in shares of Autodesk in the 2nd quarter valued at about $576,727,000. Norges Bank purchased a new position in shares of Autodesk in the 4th quarter worth approximately $867,480,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Autodesk by 44,345.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,280,515 shares of the software company’s stock worth $675,055,000 after buying an additional 2,275,384 shares during the last quarter. Finally, Legal & General Group Plc bought a new position in shares of Autodesk during the 2nd quarter worth approximately $422,928,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.
Autodesk Stock Down 3.7%
NASDAQ:ADSK opened at $260.66 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 twelve month low of $185.50 and a twelve month high of $329.09. The company has a market cap of $55.00 billion, a PE ratio of 33.72, a P/E/G ratio of 1.66 and a beta of 1.29. The company’s 50 day moving average is $225.93 and its two-hundred day moving average is $232.29.
Autodesk News Summary
Here are the key news stories impacting Autodesk this week:
- Positive Sentiment: Autodesk reported fiscal Q2 revenue of $2.05 billion, up 16% year over year, and adjusted EPS of $3.30, exceeding analyst expectations of $2.01 billion and $3.12, respectively. Growth was supported by strong renewals, cloud sales, construction activity and operating leverage. Autodesk fiscal 2027 second-quarter results
- Positive Sentiment: The company raised fiscal 2027 billings and revenue expectations, with full-year revenue guidance of approximately $8.6 billion to $8.7 billion. Management highlighted artificial intelligence, sales productivity and the MaintainX acquisition as longer-term growth drivers. Autodesk raises fiscal 2027 billings outlook
- Positive Sentiment: Several analysts remain constructive. BTIG reaffirmed a Buy rating with a $300 target, Bank of America maintained its Buy rating and $300 target, while BNP Paribas Exane raised its target to $300. Analysts cited subscription momentum and expectations that margins can improve despite MaintainX-related costs. Analyst rating coverage
- Neutral Sentiment: Autodesk is expanding its AI strategy and operations-management offerings through MaintainX. While these initiatives could broaden the company’s addressable market, investors are assessing execution risks and the timing of financial benefits.
- Negative Sentiment: Fiscal Q3 adjusted EPS guidance of $3.04 to $3.09 was below Wall Street expectations. The outlook for operating margins and costs was also viewed as cautious, raising concerns that acquisition expenses and AI investment could pressure near-term profitability. Autodesk quarterly profit forecast
- Negative Sentiment: The mixed outlook prompted profit-taking after the earnings beat. Although full-year revenue and EPS guidance exceeded some consensus measures, investors appeared more focused on the weaker quarterly profit outlook and margin trajectory.
Insider Transactions at Autodesk
In other Autodesk news, Director John T. Cahill purchased 2,000 shares of the business’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 owned 4,000 shares in the company, valued at $756,800. This represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Janesh Moorjani purchased 2,500 shares of Autodesk stock in a transaction on Monday, June 15th. The shares were acquired at an average cost of $197.67 per share, with a total value of $494,175.00. Following the completion of the transaction, the executive vice president directly owned 50,993 shares in the company, valued at $10,079,786.31. The trade was a 5.16% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.14% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the stock. BTIG Research reissued a “buy” rating and set a $300.00 target price on shares of Autodesk in a research report on Friday. Zacks Research lowered Autodesk from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Weiss Ratings cut Autodesk from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 10th. Wall Street Zen downgraded Autodesk from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Jefferies Financial Group raised Autodesk to a “strong-buy” rating in a research report on Tuesday, May 26th. Two research 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, Autodesk presently has an average rating of “Moderate Buy” and a consensus price target of $321.07.
Read Our Latest Analysis on Autodesk
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.
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