Jupiter Topco LLC Makes New Investment in Autodesk, Inc. $ADSK

Jupiter Topco LLC bought a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) in the second quarter, HoldingsChannel.com reports. The firm bought 30,376 shares of the software company’s stock, valued at approximately $5,903,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC boosted its position in Autodesk by 14.5% in the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock worth $343,000 after purchasing an additional 147 shares during the last quarter. Sivia Capital Partners LLC grew its stake in shares of 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 purchasing an additional 1,224 shares during the period. Schnieders Capital Management LLC. purchased a new stake in shares of Autodesk during the 2nd quarter valued at about $466,000. Baird Financial Group Inc. increased its position in shares of Autodesk by 7.5% during the 2nd quarter. Baird Financial Group Inc. now owns 10,048 shares of the software company’s stock valued at $3,111,000 after purchasing an additional 701 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in shares of Autodesk by 25.3% in the 2nd quarter. NewEdge Advisors LLC now owns 13,860 shares of the software company’s stock worth $4,291,000 after purchasing an additional 2,795 shares during the period. 90.24% of the stock is owned by institutional investors.

Autodesk Trading Down 0.8%

Shares of NASDAQ:ADSK opened at $258.53 on Tuesday. The stock has a 50 day moving average of $227.35 and a 200 day moving average of $232.32. The company has a market cap of $54.55 billion, a PE ratio of 33.45, a price-to-earnings-growth ratio of 1.60 and a beta of 1.29. Autodesk, Inc. has a 12-month low of $185.50 and a 12-month high of $329.09. The company has a current ratio of 0.86, a quick ratio of 0.83 and a debt-to-equity ratio of 0.59.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, August 27th. The software company reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $3.12 by $0.18. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter last year, the business earned $2.62 EPS. The firm’s revenue was up 16.1% compared to the same quarter last year. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. As a group, equities research analysts expect that Autodesk, Inc. will post 9.7 EPS for the current year.

Insider Buying and Selling at Autodesk

In other Autodesk news, EVP Janesh Moorjani purchased 2,500 shares of the business’s stock in a transaction on Monday, June 15th. The stock was acquired at an average price of $197.67 per share, for a total transaction of $494,175.00. Following the purchase, the executive vice president owned 50,993 shares of the company’s stock, valued at approximately $10,079,786.31. This represents a 5.16% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John T. Cahill purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The shares were acquired at an average cost of $189.20 per share, for a total transaction of $378,400.00. Following the completion of the acquisition, the director owned 4,000 shares of the company’s stock, valued at approximately $756,800. This trade represents a 100.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.14% of the stock is owned by company insiders.

Autodesk News Roundup

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Rosenblatt Securities reaffirmed its Buy rating and set a $330 price target, implying substantial upside. Rosenblatt Reiterates Buy Rating on Autodesk
• Positive Sentiment: Barclays maintained its Buy rating, supporting the view that Autodesk’s growth prospects remain attractive. Barclays Sticks to Its Buy Rating for Autodesk
• Positive Sentiment: BNP Paribas Exane raised its price target to $300, while BMO Capital Markets also forecast strong appreciation, reflecting continued analyst confidence. BNP Paribas Exane Raises Autodesk Price Target
• Positive Sentiment: Autodesk recently exceeded quarterly EPS and revenue expectations, with revenue increasing 16.1% year over year. Earnings-call commentary also highlighted growth momentum. Autodesk Earnings Call Highlights Growth Momentum
• Neutral Sentiment: Citigroup raised its price target from $269 to $276 but retained a Neutral rating, suggesting limited conviction despite a higher valuation estimate. Benzinga Autodesk Analyst Update
• Negative Sentiment: Autodesk faces mounting shareholder lawsuits and potential uninsured liabilities following a cash-flow probe, creating legal, financial and reputational uncertainty. Autodesk Faces Shareholder Lawsuits and Potential Uninsured Liabilities
• Negative Sentiment: Piper Sandler lowered its expectations for Autodesk’s stock price, adding a more cautious view to the otherwise favorable analyst consensus. Piper Sandler Lowers Autodesk Expectations

Wall Street Analyst Weigh In

ADSK has been the topic of a number of research reports. Barclays reissued an “overweight” rating on shares of Autodesk in a report on Wednesday, August 19th. Guggenheim increased their price target on shares of Autodesk from $277.00 to $283.00 and gave the stock a “buy” rating in a research report on Friday. Zacks Research cut shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. BMO Capital Markets boosted their price objective on shares of Autodesk from $262.00 to $283.00 and gave the company a “market perform” rating in a research report on Friday. Finally, Morgan Stanley reduced their price objective on Autodesk from $350.00 to $315.00 and set an “overweight” rating for the company in a research note on Tuesday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $319.62.

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.