Autodesk, Inc. $ADSK Shares Sold by MASTERINVEST Kapitalanlage GmbH

MASTERINVEST Kapitalanlage GmbH cut its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 49.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,398 shares of the software company’s stock after selling 3,315 shares during the quarter. MASTERINVEST Kapitalanlage GmbH’s holdings in Autodesk were worth $813,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Torren Management LLC purchased a new position in shares of Autodesk during the 4th quarter worth about $25,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Autodesk in the third quarter worth approximately $25,000. Kemnay Advisory Services Inc. purchased a new stake in Autodesk in the fourth quarter valued at approximately $25,000. Archer Investment Corp grew its holdings in Autodesk by 112.2% in the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after purchasing an additional 46 shares during the period. Finally, Prosperity Bancshares Inc acquired a new position in Autodesk during the fourth quarter worth approximately $27,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Janesh Moorjani bought 2,500 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was acquired at an average cost of $197.67 per share, for a total transaction of $494,175.00. Following the completion of the purchase, 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John T. Cahill purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were purchased at an average cost of $189.20 per share, with a total value of $378,400.00. Following the completion of the acquisition, the director owned 4,000 shares in the company, valued at approximately $756,800. This represents a 100.00% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have purchased 7,935 shares of company stock valued at $1,666,644. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ADSK. Robert W. Baird decreased their price target on shares of Autodesk from $355.00 to $312.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. Arete Research dropped their price objective on Autodesk from $460.00 to $456.00 and set a “buy” rating for the company in a report on Thursday, March 26th. KeyCorp cut their target price on Autodesk from $365.00 to $341.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Zacks Research lowered Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. Finally, BMO Capital Markets reduced their target price on Autodesk from $279.00 to $262.00 and set a “market perform” rating on the stock in a report on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $326.10.

Autodesk Stock Up 1.5%

Shares of NASDAQ ADSK opened at $208.98 on Thursday. Autodesk, Inc. has a 12-month low of $185.50 and a 12-month high of $329.09. The company has a market cap of $44.09 billion, a P/E ratio of 30.46, a P/E/G ratio of 1.27 and a beta of 1.32. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78. The stock has a fifty day moving average price of $218.63 and a 200 day moving average price of $239.07.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, topping 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 company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the previous year, the firm posted $2.29 earnings per share. 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. Research analysts anticipate that Autodesk, Inc. will post 9.64 EPS for the current fiscal year.

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.