5,600 Shares in Autodesk, Inc. $ADSK Bought by Krane Funds Advisors LLC

Krane Funds Advisors LLC purchased a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,600 shares of the software company’s stock, valued at approximately $1,658,000.

Several other large investors have also made changes to their positions in the business. Torren Management LLC purchased a new stake in shares of Autodesk during the fourth quarter worth about $25,000. Measured Wealth Private Client Group LLC purchased a new position in Autodesk in the 3rd quarter worth approximately $25,000. Archer Investment Corp boosted its stake in Autodesk by 112.2% in the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after purchasing an additional 46 shares during the period. High Point Wealth Management LLC purchased a new stake in Autodesk during the 4th quarter valued at approximately $44,000. Finally, iSAM Funds UK Ltd purchased a new stake in Autodesk during the 3rd quarter valued at approximately $46,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Stacy J. Smith purchased 3,435 shares of the business’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 acquisition, the director owned 26,517 shares of the company’s stock, valued at $6,129,934.89. The trade was a 14.88% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Autodesk News Roundup

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Autodesk signed a strategic collaboration agreement with AWS to bring cloud-based products into AWS Marketplace and improve cloud solutions for customers, which could widen distribution and strengthen enterprise adoption. Autodesk signs strategic collaboration agreement with Amazon Web Services
• Positive Sentiment: Autodesk lowered the minimum buy-in for Autodesk Flex to 33 tokens for $99 from 100 tokens for $300, making it easier and cheaper for small businesses to start using its products and potentially expanding its user base. Autodesk for Small Business update: Making it more affordable to get started with Autodesk Flex

Autodesk Stock Performance

Shares of Autodesk stock opened at $229.96 on Monday. Autodesk, Inc. has a 52 week low of $214.10 and a 52 week high of $329.09. The stock’s fifty day moving average is $237.72 and its two-hundred day moving average is $257.93. The company has a market capitalization of $48.52 billion, a PE ratio of 33.52, a price-to-earnings-growth ratio of 1.43 and a beta of 1.30. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.78.

Autodesk (NASDAQ:ADSK) last issued its earnings results 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 the consensus estimate of $1.89 billion. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The company’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period in the prior year, the firm 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, analysts expect that Autodesk, Inc. will post 9.55 earnings per share for the current year.

Wall Street Analyst Weigh In

ADSK has been the topic of several research analyst reports. Robert W. Baird lowered their target price on shares of Autodesk from $355.00 to $312.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Autodesk from $375.00 to $330.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. Wells Fargo & Company dropped their price objective on shares of Autodesk from $350.00 to $330.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Jefferies Financial Group upgraded Autodesk to a “strong-buy” rating in a research report on Tuesday, May 26th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $330.00 target price on shares of Autodesk in a research report on Monday, June 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $327.21.

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.