Munich Reinsurance Co Stock Corp in Munich Purchases 4,742 Shares of Autodesk, Inc. $ADSK

Munich Reinsurance Co Stock Corp in Munich raised its position in Autodesk, Inc. (NASDAQ:ADSK) by 14.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,397 shares of the software company’s stock after acquiring an additional 4,742 shares during the quarter. Munich Reinsurance Co Stock Corp in Munich’s holdings in Autodesk were worth $7,465,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of ADSK. BlackRock Inc. bought a new position in Autodesk during the second quarter worth about $4,828,855,000. State Street Corp raised its stake in Autodesk by 0.7% in the fourth quarter. State Street Corp now owns 10,157,826 shares of the software company’s stock valued at $3,006,818,000 after buying an additional 70,053 shares during the period. Geode Capital Management LLC lifted its position in shares of Autodesk by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 5,682,041 shares of the software company’s stock valued at $1,677,404,000 after buying an additional 123,691 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Autodesk by 5.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,144,627 shares of the software company’s stock valued at $752,824,000 after buying an additional 155,255 shares during the last quarter. Finally, Bank of America Corp DE bought a new position in shares of Autodesk during the 2nd quarter worth approximately $576,727,000. Institutional investors own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Rosenblatt Securities restated a “buy” rating and issued a $330.00 price target on shares of Autodesk in a research note on Monday, August 31st. DA Davidson set a $325.00 price objective on shares of Autodesk in a research report on Friday, August 28th. The Goldman Sachs Group began coverage on shares of Autodesk in a report on Tuesday, August 11th. They issued a “neutral” rating and a $260.00 price objective on the stock. Guggenheim increased their price objective on shares of Autodesk from $277.00 to $283.00 and gave the company a “buy” rating in a research report on Friday, August 28th. Finally, Barclays restated an “overweight” rating on shares of Autodesk in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Autodesk currently has an average rating of “Moderate Buy” and an average target price of $321.19.

Autodesk Stock Performance

Shares of NASDAQ ADSK opened at $217.90 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.86 and a quick ratio of 0.83. The stock’s fifty day moving average price is $230.90 and its two-hundred day moving average price is $232.50. Autodesk, Inc. has a one year low of $185.50 and a one year high of $329.09. The firm has a market cap of $45.54 billion, a price-to-earnings ratio of 28.19, a P/E/G ratio of 1.56 and a beta of 1.31.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, August 27th. The software company reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.12 by $0.18. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Autodesk had a return on equity of 58.63% and a net margin of 21.08%.The company’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter last year, the business earned $2.62 EPS. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. On average, equities analysts forecast that Autodesk, Inc. will post 9.63 EPS for the current year.

Insider Activity

In other Autodesk news, Director John Cahill acquired 2,000 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was acquired 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 $756,800. This trade represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Janesh Moorjani bought 2,500 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were acquired at an average price of $197.67 per share, for a total transaction of $494,175.00. Following the transaction, the executive vice president owned 50,993 shares in the company, valued at approximately $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. 0.14% of the stock is owned by insiders.

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.