Saudi Central Bank Raises Holdings in Autodesk, Inc. $ADSK

Saudi Central Bank increased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 88.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Measured Wealth Private Client Group LLC purchased a new position in Autodesk during the third quarter worth $25,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Autodesk in the fourth quarter valued at $25,000. Prosperity Bancshares Inc acquired a new stake in shares of Autodesk during the fourth quarter valued at $27,000. Swiss RE Ltd. acquired a new stake in shares of Autodesk during the fourth quarter valued at $32,000. Finally, Ascentis Independent Advisors purchased a new stake in Autodesk during the 1st quarter worth about $28,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ADSK. UBS Group boosted their target price on shares of Autodesk from $290.00 to $325.00 and gave the company a “buy” rating in a research note on Friday, August 28th. Robert W. Baird lifted their price target on shares of Autodesk from $312.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, August 21st. Royal Bank Of Canada cut their price objective on shares of Autodesk from $335.00 to $305.00 and set an “outperform” rating for the company in a research report on Friday, May 29th. The Goldman Sachs Group initiated coverage on shares of Autodesk in a research note on Tuesday, August 11th. They issued a “neutral” rating and a $260.00 target price for the company. Finally, Citigroup boosted their price target on Autodesk from $269.00 to $276.00 and gave the company a “neutral” rating in a report on Monday, August 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and a consensus price target of $321.19.

Autodesk Price Performance

ADSK opened at $217.90 on Tuesday. The company’s 50 day simple moving average is $231.35 and its 200 day simple moving average is $232.45. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.86 and a current ratio of 0.86. Autodesk, Inc. has a 1 year low of $185.50 and a 1 year high of $329.09. The stock has a market capitalization of $45.54 billion, a PE ratio of 28.19, a P/E/G ratio of 1.43 and a beta of 1.31.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 EPS for the quarter, topping the consensus estimate of $3.12 by $0.18. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.01 billion. Autodesk had a net margin of 21.08% and a return on equity of 58.63%. Autodesk’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.62 earnings per share. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. As a group, sell-side analysts expect that Autodesk, Inc. will post 9.64 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Janesh Moorjani bought 2,500 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president owned 50,993 shares of the company’s stock, valued at $10,079,786.31. This represents a 5.16% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John Cahill purchased 2,000 shares of the stock in a transaction on Tuesday, June 23rd. The shares were purchased at an average cost of $189.20 per share, with a total value of $378,400.00. Following the transaction, the director owned 4,000 shares of the company’s stock, valued at $756,800. This trade represents a 100.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.14% of the company’s stock.

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.