Korea Investment CORP Makes New $43.87 Million Investment in Autodesk, Inc. $ADSK

Korea Investment CORP acquired a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 225,621 shares of the software company’s stock, valued at approximately $43,865,000. Korea Investment CORP owned approximately 0.11% of Autodesk at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of Autodesk in the second quarter worth $4,828,855,000. Norges Bank bought a new stake in Autodesk during the fourth quarter worth about $867,480,000. Northwestern Mutual Wealth Management Co. grew its stake in Autodesk by 44,345.8% during the fourth 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 in the last quarter. Deutsche Bank AG acquired a new stake in Autodesk during the second quarter worth about $322,851,000. Finally, Bank of New York Mellon Corp bought a new position in Autodesk in the 2nd quarter valued at about $228,908,000. 90.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. New Street Research set a $277.00 target price on shares of Autodesk in a research report on Thursday. Bank of America reiterated a “buy” rating and set a $300.00 price target on shares of Autodesk in a research report on Tuesday, May 12th. UBS Group reissued a “buy” rating on shares of Autodesk in a research note on Friday, May 29th. Jefferies Financial Group upgraded shares of Autodesk to a “strong-buy” rating in a research report on Tuesday, May 26th. Finally, KeyCorp restated an “overweight” rating on shares of Autodesk in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $321.65.

Insider Buying and Selling

In related news, Director John T. Cahill acquired 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was acquired at an average price of $189.20 per share, with a total value of $378,400.00. Following the purchase, the director directly owned 4,000 shares in the company, valued at approximately $756,800. This trade represents a 100.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stacy J. Smith bought 3,435 shares of the business’s stock in a transaction on Friday, May 29th. The stock was bought at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the transaction, the director directly owned 26,517 shares of the company’s stock, valued at approximately $6,129,934.89. This represents a 14.88% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 7,935 shares of company stock worth $1,666,644 in the last three months. 0.14% of the stock is owned by corporate insiders.

Autodesk Stock Performance

Autodesk stock opened at $253.82 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.78. The stock has a market cap of $53.56 billion, a PE ratio of 37.00, a P/E/G ratio of 1.55 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 business’s 50-day moving average price is $219.71 and its two-hundred day moving average price is $231.77.

Autodesk (NASDAQ:ADSK) last posted its earnings results 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 net margin of 19.49% and a return on equity of 57.14%. The firm had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the prior year, the business earned $2.29 earnings per share. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. As a group, analysts expect that Autodesk, Inc. will post 9.7 earnings per share 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.