Key Points
- Autodesk EVP Janesh Moorjani bought 2,500 shares on June 15 at an average price of $197.67, a purchase worth about $494,175. After the trade, he owned 50,993 shares valued at roughly $10.08 million.
- Autodesk’s latest earnings beat expectations, with quarterly EPS of $2.99 versus the $2.84 consensus and revenue of $1.93 billion versus $1.89 billion expected. Revenue rose 18.4% year over year.
- Analysts remain mostly positive despite lower price targets, with the stock carrying a “Moderate Buy” consensus and an average target price of $327.21. Recent target cuts came from several firms, but Jefferies upgraded Autodesk to “strong-buy.”
Autodesk, Inc. (NASDAQ:ADSK - Get Free Report) EVP Janesh Moorjani purchased 2,500 shares of Autodesk stock in a transaction on Monday, June 15th. The stock was bought at an average cost of $197.67 per share, with a total value of $494,175.00. Following the transaction, the executive vice president directly owned 50,993 shares of the company's stock, valued at approximately $10,079,786.31. The trade was a 5.16% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
Autodesk Trading Up 0.1%
Autodesk stock opened at $198.60 on Tuesday. 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 business's 50-day simple moving average is $234.76 and its 200-day simple moving average is $254.60. The firm has a market capitalization of $41.90 billion, a PE ratio of 28.95, a PEG ratio of 1.22 and a beta of 1.30. Autodesk, Inc. has a 52 week low of $194.47 and a 52 week high of $329.09.
Autodesk (NASDAQ:ADSK - Get Free Report) last posted 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. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The firm's revenue for the quarter was up 18.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.29 earnings per share. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. Equities research analysts forecast that Autodesk, Inc. will post 9.64 earnings per share for the current year.
Analysts Set New Price Targets
A number of equities analysts have recently commented on ADSK shares. KeyCorp dropped their price objective on Autodesk from $365.00 to $341.00 and set an "overweight" rating on the stock in a research note on Thursday, May 21st. Morgan Stanley dropped their price objective on Autodesk from $350.00 to $315.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 26th. Loop Capital dropped their price objective on Autodesk from $250.00 to $235.00 and set a "hold" rating on the stock in a research note on Friday, May 29th. Jefferies Financial Group upgraded Autodesk to a "strong-buy" rating in a research note on Tuesday, May 26th. Finally, Robert W. Baird dropped their price objective on Autodesk from $355.00 to $312.00 and set an "outperform" rating on the stock in a research note on Friday, April 17th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have given 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 price target of $327.21.
Check Out Our Latest Report on Autodesk
Hedge Funds Weigh In On Autodesk
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. OFI Invest Asset Management lifted its stake in shares of Autodesk by 246.4% in the 4th quarter. OFI Invest Asset Management now owns 52,649 shares of the software company's stock valued at $15,585,000 after purchasing an additional 37,449 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in Autodesk by 46.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 532,504 shares of the software company's stock worth $157,627,000 after buying an additional 169,099 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in Autodesk by 0.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 946,476 shares of the software company's stock worth $280,166,000 after buying an additional 4,845 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Autodesk during the 3rd quarter worth $1,977,000. Finally, Schnieders Capital Management LLC. acquired a new stake in Autodesk during the 2nd quarter worth $466,000. 90.24% of the stock is currently owned by institutional investors.
About Autodesk
(
Get Free Report)
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.
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