17,817 Shares in Autodesk, Inc. $ADSK Bought by Commerce Bank

Commerce Bank purchased a new position in Autodesk, Inc. (NASDAQ:ADSK) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,817 shares of the software company’s stock, valued at approximately $3,464,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Torren Management LLC acquired a new position in shares of Autodesk during the fourth quarter valued at about $25,000. Measured Wealth Private Client Group LLC bought a new stake in Autodesk in the 3rd quarter valued at about $25,000. Kemnay Advisory Services Inc. bought a new stake in Autodesk in the 4th quarter valued at about $25,000. Archer Investment Corp raised its stake in Autodesk by 112.2% during the 4th 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, Prosperity Bancshares Inc bought a new position in Autodesk in the fourth quarter worth approximately $27,000. 90.24% of the stock is owned by institutional investors.

Insider Buying and Selling at Autodesk

In other Autodesk news, Director John T. Cahill bought 2,000 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The shares were purchased at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the purchase, the director directly owned 4,000 shares of the company’s stock, valued at approximately $756,800. This represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Janesh Moorjani bought 2,500 shares of Autodesk stock in a transaction dated Monday, June 15th. The stock was 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 owned 50,993 shares of the company’s stock, valued at $10,079,786.31. This represents a 5.16% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders bought 7,935 shares of company stock worth $1,666,644. Insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ADSK shares. Barclays reissued an “overweight” rating on shares of Autodesk in a research note on Wednesday, August 19th. Robert W. Baird lifted their price target on shares of Autodesk from $312.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday. Zacks Research lowered shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Bank of America restated a “buy” rating and set a $300.00 price objective on shares of Autodesk in a report on Tuesday, May 12th. Finally, Weiss Ratings cut shares of Autodesk from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 10th. Two 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. Based on data from MarketBeat.com, Autodesk presently has an average rating of “Moderate Buy” and a consensus target price of $321.65.

Autodesk Stock Performance

NASDAQ ADSK opened at $254.42 on Tuesday. Autodesk, Inc. has a 1 year low of $185.50 and a 1 year 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 cap of $53.68 billion, a price-to-earnings ratio of 37.09, a PEG ratio of 1.55 and a beta of 1.29. The company has a fifty day moving average price of $220.83 and a 200-day moving average price of $231.70.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, beating the consensus estimate of $2.84 by $0.15. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the prior year, the company posted $2.29 earnings per share. The firm’s revenue for the quarter was up 18.4% on a year-over-year basis. 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, equities research analysts predict 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.