Tocqueville Asset Management L.P. Invests $3.88 Million in Autodesk, Inc. $ADSK

Tocqueville Asset Management L.P. acquired a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 19,975 shares of the software company’s stock, valued at approximately $3,884,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Torren Management LLC purchased a new stake in Autodesk in the fourth quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Autodesk during the third quarter worth $25,000. Kemnay Advisory Services Inc. purchased a new position in shares of Autodesk during the fourth quarter worth $25,000. Archer Investment Corp grew its stake in shares of Autodesk by 112.2% in the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after buying an additional 46 shares in the last quarter. Finally, Prosperity Bancshares Inc acquired a new stake in shares of Autodesk in the fourth quarter valued at $27,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ADSK shares. Rothschild & Co Redburn decreased their target price on Autodesk from $375.00 to $360.00 and set a “buy” rating on the stock in a research note on Monday, June 1st. Citigroup lifted their target price on Autodesk from $252.00 to $269.00 and gave the company a “neutral” rating in a research report on Thursday. BNP Paribas Exane assumed coverage on shares of Autodesk in a research report on Thursday, June 18th. They set an “outperform” rating and a $295.00 price target on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $330.00 price objective on shares of Autodesk in a research note on Monday, June 1st. Finally, DA Davidson restated a “buy” rating and issued a $325.00 price objective on shares of Autodesk in a report on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Autodesk has an average rating of “Moderate Buy” and an average price target of $321.23.

Autodesk Trading Down 0.1%

Shares of NASDAQ:ADSK opened at $251.02 on Friday. Autodesk, Inc. has a 52 week low of $185.50 and a 52 week high of $329.09. The company’s 50 day moving average is $218.61 and its two-hundred day moving average is $231.62. The company has a market cap of $52.97 billion, a PE ratio of 36.59, a P/E/G ratio of 1.54 and a beta of 1.29. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.15. The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the company 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. Equities analysts predict that Autodesk, Inc. will post 9.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Autodesk news, Director Stacy J. Smith bought 3,435 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were acquired at an average price of $231.17 per share, with a total value of $794,068.95. Following the transaction, the director owned 26,517 shares of the company’s stock, valued at approximately $6,129,934.89. The trade was a 14.88% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Janesh Moorjani bought 2,500 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were acquired at an average price of $197.67 per share, with a total value of $494,175.00. Following the purchase, the executive vice president owned 50,993 shares of the company’s stock, valued at $10,079,786.31. The trade was a 5.16% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired 7,935 shares of company stock valued at $1,666,644 in the last ninety days. Insiders own 0.14% of the company’s stock.

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.