Meeder Advisory Services Inc. Buys New Position in Autodesk, Inc. $ADSK

Meeder Advisory Services Inc. bought a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 5,755 shares of the software company’s stock, valued at approximately $1,119,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of ADSK. Pzena Investment Management LLC purchased a new position in shares of Autodesk in the second quarter valued at approximately $293,000. Citizens Financial Group Inc. RI purchased a new stake in Autodesk during the 2nd quarter worth approximately $339,000. Grandfield & Dodd LLC purchased a new stake in Autodesk during the 2nd quarter worth approximately $28,640,000. BlackRock Inc. acquired a new stake in Autodesk during the 2nd quarter worth approximately $4,828,855,000. Finally, Dunhill Financial LLC acquired a new stake in Autodesk during the 2nd quarter worth approximately $65,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. KeyCorp restated an “overweight” rating on shares of Autodesk in a research note on Wednesday. Guggenheim assumed coverage on Autodesk in a research note on Wednesday, July 22nd. They issued a “buy” rating and a $245.00 price objective on the stock. Royal Bank Of Canada lowered their target price on Autodesk from $335.00 to $305.00 and set an “outperform” rating for the company in a research note on Friday, May 29th. Morgan Stanley cut their price target on Autodesk from $350.00 to $315.00 and set an “overweight” rating on the stock in a report on Tuesday, May 26th. Finally, Piper Sandler reduced their price target on Autodesk from $383.00 to $369.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Three 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 MarketBeat.com, Autodesk currently has a consensus rating of “Moderate Buy” and an average target price of $321.07.

Insider Activity at Autodesk

In other Autodesk news, Director John T. Cahill purchased 2,000 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were bought at an average cost of $189.20 per share, for a total transaction of $378,400.00. Following the completion of the purchase, the director directly owned 4,000 shares in the company, valued at approximately $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 this link. Also, EVP Janesh Moorjani purchased 2,500 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were acquired at an average cost of $197.67 per share, with a total value of $494,175.00. Following the completion of the acquisition, the executive vice president directly owned 50,993 shares in the company, valued at $10,079,786.31. The trade was a 5.16% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 7,935 shares of company stock valued at $1,666,644 over the last quarter. 0.14% of the stock is owned by insiders.

Autodesk Trading Up 1.8%

NASDAQ ADSK opened at $251.29 on Thursday. Autodesk, Inc. has a 52 week low of $185.50 and a 52 week high of $329.09. The firm has a 50 day moving average of $217.70 and a two-hundred day moving average of $231.63. 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 capitalization of $53.02 billion, a PE ratio of 36.63, a price-to-earnings-growth ratio of 1.51 and a beta of 1.29.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, beating 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 net margin of 19.49% and a return on equity of 57.14%. The company’s revenue was up 18.4% on a year-over-year basis. During the same period last year, the business earned $2.29 EPS. 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, research analysts expect that Autodesk, Inc. will post 9.7 EPS for the current fiscal year.

Autodesk Company 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.