27,258 Shares in Autodesk, Inc. $ADSK Purchased by Munich Reinsurance Co Stock Corp in Munich

Munich Reinsurance Co Stock Corp in Munich bought a new stake in Autodesk, Inc. (NASDAQ:ADSK) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 27,258 shares of the software company’s stock, valued at approximately $8,659,000.

Other hedge funds have also modified their holdings of the company. Proffitt & Goodson Inc. acquired a new position in shares of Autodesk in the third quarter valued at approximately $27,000. Heartwood Wealth Advisors LLC acquired a new stake in shares of Autodesk in the third quarter worth $28,000. Tripletail Wealth Management LLC purchased a new stake in shares of Autodesk during the 3rd quarter valued at about $29,000. Financial Consulate Inc. purchased a new position in Autodesk in the 3rd quarter valued at about $32,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in shares of Autodesk during the 2nd quarter valued at approximately $34,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Piper Sandler reiterated an “overweight” rating and set a $383.00 price objective (up from $373.00) on shares of Autodesk in a research note on Monday, March 2nd. JPMorgan Chase & Co. increased their target price on shares of Autodesk from $319.00 to $336.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. BMO Capital Markets dropped their price objective on Autodesk from $343.00 to $279.00 and set a “market perform” rating on the stock in a research note on Monday, March 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Autodesk in a research report on Wednesday, January 21st. Finally, HSBC cut their price objective on Autodesk from $388.00 to $379.00 and set a “buy” rating on the stock in a report on Friday, November 28th. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $341.96.

Autodesk Price Performance

NASDAQ ADSK opened at $260.99 on Friday. Autodesk, Inc. has a twelve month low of $215.01 and a twelve month high of $329.09. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.82 and a current ratio of 0.85. The stock has a market capitalization of $55.07 billion, a PE ratio of 49.81, a P/E/G ratio of 1.73 and a beta of 1.45. The stock has a 50-day simple moving average of $256.81 and a 200 day simple moving average of $288.85.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, February 26th. The software company reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.64 by $0.21. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the prior year, the business earned $2.29 earnings per share. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. Research analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current year.

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.