No, this is definitely a Hungarian denar, of the Madonnenmünze type, from the period after 1526, when the Kingdom of Hungary was held by the Holy Roman Emperors, as can be seen in the legend to the right of the shield: G RO, for (Dei) Gratia Romanorum (Imperator). I think Matthias II perhaps more likely than Ferdinand II, if we could only make out the few characters above the shield.