Autodesk, Inc. $ADSK Shares Acquired by Saudi Central Bank

Saudi Central Bank increased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 88.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,770 shares of the software company’s stock after purchasing an additional 6,945 shares during the period. Saudi Central Bank’s holdings in Autodesk were worth $2,872,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ADSK. Measured Wealth Private Client Group LLC acquired a new position in shares of Autodesk during the third quarter worth about $25,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Autodesk in the fourth quarter valued at about $25,000. Prosperity Bancshares Inc acquired a new stake in shares of Autodesk in the fourth quarter valued at about $27,000. Ascentis Independent Advisors purchased a new stake in shares of Autodesk during the 1st quarter valued at about $28,000. Finally, Johnson Financial Group Inc. purchased a new stake in shares of Autodesk during the 2nd quarter valued at about $30,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Autodesk

In other news, Director John T. Cahill acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The stock was 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 directly 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 legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Janesh Moorjani acquired 2,500 shares of the business’s stock in a transaction on Monday, June 15th. The shares were purchased at an average price of $197.67 per share, for a total transaction of $494,175.00. Following the purchase, the executive vice president directly owned 50,993 shares of the company’s stock, valued at $10,079,786.31. This represents a 5.16% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.14% of the company’s stock.

Autodesk Price Performance

ADSK stock opened at $217.90 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.59. The firm has a 50 day simple moving average of $231.35 and a 200-day simple moving average of $232.45. The company has a market capitalization of $45.54 billion, a P/E ratio of 28.19, a PEG ratio of 1.43 and a beta of 1.31. Autodesk, Inc. has a twelve month low of $185.50 and a twelve month high of $329.09.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.12 by $0.18. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the prior year, the company posted $2.62 earnings per share. The firm’s quarterly revenue was up 16.1% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. On average, equities research analysts predict that Autodesk, Inc. will post 9.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Loop Capital decreased their price target on Autodesk from $250.00 to $235.00 and set a “hold” rating for the company in a report on Friday, May 29th. DA Davidson set a $325.00 price objective on shares of Autodesk in a research note on Friday, August 28th. KeyCorp restated an “overweight” rating on shares of Autodesk in a research note on Wednesday, August 19th. Zacks Research lowered shares of Autodesk from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Finally, Citigroup lifted their price target on shares of Autodesk from $269.00 to $276.00 and gave the stock a “neutral” rating in a research note on Monday, August 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and an average price target of $321.19.

Autodesk 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.