Autodesk (NASDAQ:ADSK) EVP Janesh Moorjani Buys 2,500 Shares of Stock

Autodesk, Inc. (NASDAQ:ADSK) EVP Janesh Moorjani bought 2,500 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was bought at an average price of $197.67 per share, for a total transaction of $494,175.00. Following the completion of the acquisition, the executive vice president directly owned 50,993 shares in the company, valued at approximately $10,079,786.31. The trade was a 5.16% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Autodesk Stock Performance

Shares of NASDAQ ADSK opened at $198.60 on Tuesday. Autodesk, Inc. has a 52-week low of $194.47 and a 52-week high of $329.09. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $41.90 billion, a price-to-earnings ratio of 28.95, a PEG ratio of 1.22 and a beta of 1.30. The stock’s fifty day simple moving average is $234.76 and its 200 day simple moving average is $254.60.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results 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. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the previous year, the company posted $2.29 earnings per share. Autodesk’s revenue for the quarter was up 18.4% compared to the same quarter last year. 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, sell-side analysts forecast that Autodesk, Inc. will post 9.64 earnings per share for the current fiscal year.

Institutional Trading of Autodesk

A number of institutional investors and hedge funds have recently made changes to their positions in ADSK. Brighton Jones LLC lifted its position in shares of Autodesk by 14.5% in the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock worth $343,000 after buying an additional 147 shares during the last quarter. Sivia Capital Partners LLC lifted its position in shares of Autodesk by 98.1% in the second quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock worth $765,000 after buying an additional 1,224 shares during the last quarter. Schnieders Capital Management LLC. acquired a new stake in shares of Autodesk in the second quarter worth about $466,000. Baird Financial Group Inc. lifted its position in shares of Autodesk by 7.5% in the second quarter. Baird Financial Group Inc. now owns 10,048 shares of the software company’s stock worth $3,111,000 after buying an additional 701 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Autodesk by 25.3% in the second quarter. NewEdge Advisors LLC now owns 13,860 shares of the software company’s stock worth $4,291,000 after buying an additional 2,795 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ADSK shares. Wolfe Research lifted their price target on Autodesk from $330.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, February 27th. UBS Group reiterated a “buy” rating on shares of Autodesk in a report on Friday, May 29th. Robert W. Baird reduced their price objective on Autodesk from $355.00 to $312.00 and set an “outperform” rating for the company in a research report on Friday, April 17th. Wells Fargo & Company reduced their price objective on Autodesk from $350.00 to $330.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Finally, Argus raised Autodesk to a “strong-buy” rating in a research report on Friday, March 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $327.21.

About Autodesk

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.