Autodesk, Inc. $ADSK Shares Bought by Panagora Asset Management Inc.

Panagora Asset Management Inc. grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 222.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 271,270 shares of the software company’s stock after purchasing an additional 187,026 shares during the period. Panagora Asset Management Inc. owned approximately 0.13% of Autodesk worth $80,299,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Torren Management LLC acquired a new position in Autodesk during the 4th quarter worth approximately $25,000. Measured Wealth Private Client Group LLC acquired a new position in Autodesk during the 3rd quarter worth approximately $25,000. Archer Investment Corp boosted its stake in shares of Autodesk by 112.2% during the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after acquiring an additional 46 shares in the last quarter. Swiss RE Ltd. purchased a new stake in shares of Autodesk during the 4th quarter worth approximately $32,000. Finally, High Point Wealth Management LLC purchased a new stake in shares of Autodesk during the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Transactions at Autodesk

In related news, Director Stacy J. Smith bought 3,435 shares of Autodesk stock in a transaction that occurred on Friday, May 29th. The shares were purchased at an average price of $231.17 per share, with a total value of $794,068.95. Following the purchase, the director owned 26,517 shares in the company, valued at $6,129,934.89. This represents a 14.88% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.14% of the company’s stock.

Autodesk Price Performance

ADSK stock opened at $198.43 on Monday. Autodesk, Inc. has a 1 year low of $194.47 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. The stock’s 50 day moving average price is $235.55 and its 200 day moving average price is $255.27. The firm has a market cap of $41.87 billion, a P/E ratio of 28.93, a PEG ratio of 1.22 and a beta of 1.30.

Autodesk (NASDAQ:ADSK) last posted 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. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the prior year, the company earned $2.29 EPS. Autodesk’s 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 expect that Autodesk, Inc. will post 9.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Morgan Stanley decreased their price target on Autodesk from $350.00 to $315.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 26th. Wolfe Research boosted their price target on Autodesk from $330.00 to $350.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Arete Research decreased their price target on Autodesk from $460.00 to $456.00 and set a “buy” rating on the stock in a research note on Thursday, March 26th. Royal Bank Of Canada decreased their price target on Autodesk from $335.00 to $305.00 and set an “outperform” rating on the stock in a research note on Friday, May 29th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Autodesk from $375.00 to $330.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Two 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 company. According to data from MarketBeat, Autodesk presently has an average rating of “Moderate Buy” and an average price target of $327.21.

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.