Northwestern Mutual Wealth Management Co. Acquires Shares of 24,842 Autodesk, Inc. $ADSK

Northwestern Mutual Wealth Management Co. acquired a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 24,842 shares of the software company’s stock, valued at approximately $4,830,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ADSK. CENTRAL TRUST Co lifted its holdings in shares of Autodesk by 6.2% in the 4th quarter. CENTRAL TRUST Co now owns 759 shares of the software company’s stock valued at $225,000 after purchasing an additional 44 shares during the last quarter. Smithfield Trust Co grew its stake in Autodesk by 5.3% during the 4th quarter. Smithfield Trust Co now owns 893 shares of the software company’s stock worth $266,000 after buying an additional 45 shares during the last quarter. Calydon Capital grew its stake in Autodesk by 1.7% during the 4th quarter. Calydon Capital now owns 2,726 shares of the software company’s stock worth $807,000 after buying an additional 45 shares during the last quarter. Archer Investment Corp increased its position in Autodesk by 112.2% during the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after buying an additional 46 shares during the period. Finally, Sunbelt Securities Inc. lifted its stake in Autodesk by 5.3% in the third quarter. Sunbelt Securities Inc. now owns 1,029 shares of the software company’s stock valued at $327,000 after buying an additional 52 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on ADSK. Citigroup increased their price objective on Autodesk from $252.00 to $269.00 and gave the company a “neutral” rating in a report on Thursday. BTIG Research reiterated a “buy” rating and set a $300.00 price target on shares of Autodesk in a research note on Friday, May 29th. Jefferies Financial Group raised shares of Autodesk to a “strong-buy” rating in a research report on Tuesday, May 26th. Bank of America restated a “buy” rating and issued a $300.00 price objective on shares of Autodesk in a research note on Tuesday, May 12th. Finally, Morgan Stanley decreased their target price on shares of Autodesk from $350.00 to $315.00 and set an “overweight” rating for the company in a research note on Tuesday, May 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Autodesk has an average rating of “Moderate Buy” and an average price target of $321.65.

Insider Activity

In other news, Director Stacy J. Smith purchased 3,435 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were acquired at an average cost of $231.17 per share, for a total transaction of $794,068.95. Following the completion of the purchase, the director directly owned 26,517 shares in the company, valued at $6,129,934.89. The trade was a 14.88% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Janesh Moorjani acquired 2,500 shares of the stock in a transaction on 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 acquisition, the executive vice president directly owned 50,993 shares in the company, valued at $10,079,786.31. This represents a 5.16% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 7,935 shares of company stock valued at $1,666,644 over the last quarter. Corporate insiders own 0.14% of the company’s stock.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $253.82 on Monday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a fifty day moving average price of $219.71 and a 200 day moving average price of $231.61. Autodesk, Inc. has a 1-year low of $185.50 and a 1-year high of $329.09. The company 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 (NASDAQ:ADSK) last posted 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 firm 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%. Autodesk’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period last year, the firm posted $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. Sell-side analysts forecast that Autodesk, Inc. will post 9.7 EPS for the current 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.