Silvant Capital Management LLC Buys New Position in Autodesk, Inc. $ADSK

Silvant Capital Management LLC purchased a new position in Autodesk, Inc. (NASDAQ:ADSK) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 121,094 shares of the software company’s stock, valued at approximately $23,543,000. Autodesk makes up approximately 0.7% of Silvant Capital Management LLC’s holdings, making the stock its 25th largest holding.

Several other institutional investors have also recently modified their holdings of ADSK. Torren Management LLC bought a new position in Autodesk during the fourth quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC bought a new position in shares of Autodesk during the third quarter valued at about $25,000. Kemnay Advisory Services Inc. bought a new position in Autodesk during the 4th quarter valued at approximately $25,000. Archer Investment Corp raised its holdings in shares of Autodesk by 112.2% during the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after acquiring an additional 46 shares in the last quarter. Finally, Prosperity Bancshares Inc purchased a new stake in shares of Autodesk in the 4th quarter worth about $27,000. 90.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Autodesk news, EVP Janesh Moorjani bought 2,500 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was purchased at an average price of $197.67 per share, for a total transaction of $494,175.00. Following the completion of the transaction, the executive vice president owned 50,993 shares of the company’s stock, valued at $10,079,786.31. This trade represents a 5.16% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John T. Cahill acquired 2,000 shares of Autodesk stock in a transaction dated Tuesday, June 23rd. The shares were bought at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the transaction, the director owned 4,000 shares of the company’s stock, valued at approximately $756,800. The trade was a 100.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders acquired 7,935 shares of company stock worth $1,666,644. 0.14% of the stock is owned by corporate insiders.

Autodesk Price Performance

NASDAQ ADSK opened at $251.02 on Friday. The business’s fifty day moving average is $218.61 and its 200 day moving average is $231.62. The company has a market capitalization of $52.97 billion, a PE ratio of 36.59, a price-to-earnings-growth ratio of 1.54 and a beta of 1.29. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 0.83. Autodesk, Inc. has a fifty-two week low of $185.50 and a fifty-two week high of $329.09.

Autodesk (NASDAQ:ADSK) last released its earnings results 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. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period in the prior year, the firm posted $2.29 EPS. The firm’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. Sell-side analysts predict that Autodesk, Inc. will post 9.7 earnings per share for the current year.

Analyst Ratings Changes

ADSK has been the subject of a number of research analyst reports. Guggenheim raised their target price on Autodesk from $245.00 to $277.00 and gave the company a “buy” rating in a research note on Thursday. DA Davidson reaffirmed a “buy” rating and set a $325.00 price objective on shares of Autodesk in a research report on Friday, May 29th. Morgan Stanley lowered their price objective on Autodesk from $350.00 to $315.00 and set an “overweight” rating for the company in a research note on Tuesday, May 26th. Loop Capital cut their target price on Autodesk from $250.00 to $235.00 and set a “hold” rating on the stock in a research note on Friday, May 29th. Finally, Citigroup lifted their price target on Autodesk from $252.00 to $269.00 and gave the stock a “neutral” rating in a research report on Thursday. Two research analysts have 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $321.23.

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.