EFG International AG Invests $1.43 Million in Autodesk, Inc. $ADSK

EFG International AG acquired a new position in Autodesk, Inc. (NASDAQ:ADSK) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 7,353 shares of the software company’s stock, valued at approximately $1,429,000.

Several other hedge funds have also recently bought and sold shares of ADSK. Ancora Advisors LLC acquired a new position in Autodesk during the 2nd quarter valued at about $97,000. Primecap Management Co. CA bought a new position in Autodesk in the 2nd quarter worth about $116,671,000. Canada Pension Plan Investment Board acquired a new stake in shares of Autodesk in the second quarter valued at approximately $91,184,000. Osterweis Capital Management Inc. acquired a new stake in shares of Autodesk in the second quarter valued at approximately $2,333,000. Finally, Legal & General Group Plc bought a new stake in shares of Autodesk during the second quarter valued at approximately $422,928,000. 90.24% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Stacy J. Smith purchased 3,435 shares of the stock in a transaction dated Friday, May 29th. The shares were bought at an average cost of $231.17 per share, for a total transaction of $794,068.95. Following the transaction, the director owned 26,517 shares in the company, valued at $6,129,934.89. This trade represents a 14.88% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John T. Cahill acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The stock was purchased at an average cost of $189.20 per share, for a total transaction of $378,400.00. Following 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 position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have bought 7,935 shares of company stock worth $1,666,644. 0.14% of the stock is owned by company insiders.

Autodesk Price Performance

NASDAQ ADSK opened at $254.77 on Thursday. Autodesk, Inc. has a 12 month low of $185.50 and a 12 month high of $329.09. 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 firm has a market capitalization of $53.76 billion, a PE ratio of 37.14, a P/E/G ratio of 1.54 and a beta of 1.29. The company’s 50 day simple moving average is $223.06 and its 200 day simple moving average is $231.87.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, topping the consensus estimate of $2.84 by $0.15. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The firm’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.29 earnings per share. As a group, equities research analysts forecast that Autodesk, Inc. will post 9.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. KeyCorp reiterated an “overweight” rating on shares of Autodesk in a research report on Wednesday, August 19th. UBS Group reaffirmed a “buy” rating on shares of Autodesk in a research note on Friday, May 29th. Wells Fargo & Company reduced their price target on Autodesk from $350.00 to $330.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Rothschild & Co Redburn decreased their price target on Autodesk from $375.00 to $360.00 and set a “buy” rating for the company in a research note on Monday, June 1st. Finally, Robert W. Baird raised their price target on Autodesk from $312.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and an average target price of $321.65.

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.