SG Americas Securities LLC Has $65.25 Million Stock Holdings in Autodesk, Inc. $ADSK

SG Americas Securities LLC raised its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 158.4% during the first quarter, Holdings Channel reports. The institutional investor owned 272,548 shares of the software company’s stock after buying an additional 167,064 shares during the quarter. SG Americas Securities LLC’s holdings in Autodesk were worth $65,248,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ADSK. Sky Investment Group LLC lifted its position in Autodesk by 5.7% in the 1st quarter. Sky Investment Group LLC now owns 8,456 shares of the software company’s stock valued at $2,024,000 after acquiring an additional 458 shares in the last quarter. Triad Wealth Partners LLC increased its holdings in Autodesk by 8.0% during the 1st quarter. Triad Wealth Partners LLC now owns 4,483 shares of the software company’s stock worth $1,073,000 after purchasing an additional 333 shares in the last quarter. Fortem Financial Group LLC raised its stake in shares of Autodesk by 21.4% in the first quarter. Fortem Financial Group LLC now owns 11,121 shares of the software company’s stock worth $2,662,000 after purchasing an additional 1,961 shares during the last quarter. E. Ohman J or Asset Management AB raised its stake in shares of Autodesk by 0.4% in the first quarter. E. Ohman J or Asset Management AB now owns 128,018 shares of the software company’s stock worth $30,648,000 after purchasing an additional 456 shares during the last quarter. Finally, Genesis Private Wealth LLC bought a new position in shares of Autodesk in the first quarter valued at approximately $229,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Stock Performance

Shares of ADSK stock opened at $187.72 on Tuesday. The firm’s 50 day moving average is $230.63 and its 200 day moving average is $250.72. The stock has a market capitalization of $39.61 billion, a P/E ratio of 27.36, a PEG ratio of 1.19 and a beta of 1.30. Autodesk, Inc. has a 12 month low of $185.50 and a 12 month high of $329.09. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, beating 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 business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period in the previous year, the business earned $2.29 EPS. Autodesk’s 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, sell-side analysts anticipate that Autodesk, Inc. will post 9.64 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Janesh Moorjani acquired 2,500 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were acquired at an average price of $197.67 per share, with a total value of $494,175.00. Following the acquisition, the executive vice president owned 50,993 shares of the company’s stock, valued at approximately $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 the SEC website. Also, Director Stacy J. Smith bought 3,435 shares of the business’s stock in a transaction on Friday, May 29th. The stock was bought at an average price of $231.17 per share, with a total value of $794,068.95. Following the purchase, the director owned 26,517 shares in the company, valued at $6,129,934.89. This trade represents a 14.88% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.14% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on ADSK. BNP Paribas Exane started coverage on Autodesk in a report on Thursday, June 18th. They set an “outperform” rating and a $295.00 price target for the company. Stifel Nicolaus dropped their price target on Autodesk from $375.00 to $285.00 and set a “buy” rating on the stock in a report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Autodesk from $375.00 to $330.00 and set a “buy” rating on the stock in a research report on Monday, March 2nd. Royal Bank Of Canada lowered their target price on Autodesk from $335.00 to $305.00 and set an “outperform” rating on the stock in a research note on Friday, May 29th. Finally, Barclays dropped their price target on Autodesk from $315.00 to $300.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 13th. Two 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.com, the company has an average rating of “Moderate Buy” and a consensus target price of $326.10.

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.