Daiichi Life Insurance Co. Ltd. Invests $7.54 Million in Autodesk, Inc. $ADSK

by · The Markets Daily

Daiichi Life Insurance Co. Ltd. acquired a new position in shares of Autodesk, Inc. (NASDAQ:ADSK – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 38,780 shares of the software company’s stock, valued at approximately $7,540,000.

Several other institutional investors have also recently bought and sold shares of ADSK. Foyston Gordon & Payne Inc bought a new position in Autodesk in the 2nd quarter worth $5,354,000. Commerce Bank acquired a new stake in shares of Autodesk in the second quarter valued at about $3,464,000. GQG Partners LLC acquired a new stake in shares of Autodesk in the second quarter valued at about $229,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Autodesk in the second quarter worth about $4,830,000. Finally, Varma Mutual Pension Insurance Co bought a new position in shares of Autodesk in the second quarter worth about $10,323,000. Institutional investors own 90.24% of the company’s stock.

Insider Transactions at Autodesk

In other news, Director John T. Cahill acquired 2,000 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The shares were bought at an average price of $189.20 per share, with a total value of $378,400.00. Following the acquisition, the director 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stacy J. Smith acquired 3,435 shares of the stock in a transaction dated Friday, May 29th. The shares were purchased at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the completion of the transaction, the director owned 26,517 shares of the company’s stock, valued at $6,129,934.89. This trade represents a 14.88% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have bought 7,935 shares of company stock valued at $1,666,644. 0.14% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ADSK has been the subject of several recent analyst reports. DA Davidson restated a “buy” rating and set a $325.00 target price on shares of Autodesk in a research note on Friday, May 29th. Morgan Stanley dropped their price target on Autodesk from $350.00 to $315.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 26th. New Street Research set a $277.00 price target on Autodesk in a report on Thursday. BNP Paribas Exane assumed coverage on Autodesk in a research report on Thursday, June 18th. They issued an “outperform” rating and a $295.00 price objective for the company. Finally, BMO Capital Markets lowered their price objective on shares of Autodesk from $279.00 to $262.00 and set a “market perform” rating on the stock in a research note on Friday, May 29th. Two equities research 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. According to MarketBeat, Autodesk currently has an average rating of “Moderate Buy” and an average price target of $321.65.

View Our Latest Stock Analysis on ADSK

Autodesk Stock Up 1.1%

NASDAQ ADSK opened at $253.82 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a 50-day simple moving average of $219.71 and a 200 day simple moving average of $231.77. Autodesk, Inc. has a twelve month low of $185.50 and a twelve month high of $329.09. The stock has a market cap of $53.56 billion, a PE ratio of 37.00, a PEG ratio of 1.55 and a beta of 1.29.

Autodesk (NASDAQ:ADSK – Get Free Report) last issued its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.15. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same period in the previous year, the company posted $2.29 earnings per share. The company’s quarterly revenue 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. On average, research analysts forecast that Autodesk, Inc. will post 9.7 EPS for the current year.

Autodesk Profile

(Free Report)

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.

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