Goodman Advisory Group LLC Decreases Stock Holdings in Autodesk, Inc. $ADSK

Goodman Advisory Group LLC trimmed its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 99.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 151 shares of the software company’s stock after selling 23,243 shares during the period. Goodman Advisory Group LLC’s holdings in Autodesk were worth $45,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Catalyst Financial Partners LLC raised its holdings in shares of Autodesk by 3.8% during the third quarter. Catalyst Financial Partners LLC now owns 1,023 shares of the software company’s stock valued at $325,000 after purchasing an additional 37 shares during the last quarter. Piscataqua Savings Bank raised its holdings in shares of Autodesk by 33.3% during the fourth quarter. Piscataqua Savings Bank now owns 160 shares of the software company’s stock valued at $47,000 after purchasing an additional 40 shares during the last quarter. Moss Adams Wealth Advisors LLC raised its holdings in shares of Autodesk by 1.0% during the fourth quarter. Moss Adams Wealth Advisors LLC now owns 4,267 shares of the software company’s stock valued at $1,263,000 after purchasing an additional 41 shares during the last quarter. Trust Point Inc. raised its holdings in shares of Autodesk by 3.3% during the fourth quarter. Trust Point Inc. now owns 1,322 shares of the software company’s stock valued at $391,000 after purchasing an additional 42 shares during the last quarter. Finally, FourThought Financial Partners LLC raised its holdings in shares of Autodesk by 5.0% during the third quarter. FourThought Financial Partners LLC now owns 899 shares of the software company’s stock valued at $286,000 after purchasing an additional 43 shares during the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Stock Performance

Shares of NASDAQ ADSK opened at $221.28 on Thursday. The firm has a fifty day moving average price of $237.02 and a 200-day moving average price of $256.52. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market cap of $46.69 billion, a PE ratio of 32.26, a price-to-earnings-growth ratio of 1.38 and a beta of 1.29. Autodesk, Inc. has a 1 year low of $214.10 and a 1 year high of $329.09.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.15. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The firm had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the prior year, the company posted $2.29 earnings per share. The company’s revenue for the quarter 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. Equities analysts anticipate that Autodesk, Inc. will post 9.64 earnings per share for the current fiscal year.

Insider Buying and Selling at Autodesk

In related news, Director Stacy J. Smith bought 3,435 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was 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 in the company, valued at $6,129,934.89. The trade was a 14.88% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on ADSK shares. Loop Capital decreased their price objective on shares of Autodesk from $250.00 to $235.00 and set a “hold” rating for the company in a report on Friday, May 29th. Morgan Stanley reduced their target price on shares of Autodesk from $350.00 to $315.00 and set an “overweight” rating for the company in a report on Tuesday, May 26th. BTIG Research reaffirmed a “buy” rating and set a $300.00 target price on shares of Autodesk in a report on Friday, May 29th. Rothschild & Co Redburn reduced their target price on shares of Autodesk from $375.00 to $360.00 and set a “buy” rating for the company in a report on Monday, June 1st. Finally, Wolfe Research upped their target price on shares of Autodesk from $330.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $327.21.

Autodesk Company 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.