Autodesk, Inc. $ADSK Stock Holdings Raised by D.A. Davidson & CO.

D.A. Davidson & CO. grew its stake in Autodesk, Inc. (NASDAQ:ADSK) by 7.7% during the first quarter, HoldingsChannel.com reports. The firm owned 108,244 shares of the software company’s stock after purchasing an additional 7,760 shares during the period. D.A. Davidson & CO.’s holdings in Autodesk were worth $25,914,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ADSK. Norges Bank acquired a new position in Autodesk in the fourth quarter worth about $867,480,000. Northwestern Mutual Wealth Management Co. raised its stake in Autodesk by 44,345.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,280,515 shares of the software company’s stock valued at $675,055,000 after buying an additional 2,275,384 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Autodesk by 46.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,989,372 shares of the software company’s stock valued at $884,884,000 after buying an additional 952,343 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Autodesk by 103.5% during the 4th quarter. Wellington Management Group LLP now owns 1,868,159 shares of the software company’s stock worth $552,994,000 after buying an additional 950,149 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its holdings in Autodesk by 80.2% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,103,376 shares of the software company’s stock worth $503,521,000 after buying an additional 936,388 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Insider Buying and Selling at Autodesk

In other news, Director John T. Cahill purchased 2,000 shares of the stock in a transaction dated Tuesday, June 23rd. The stock was acquired at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the completion of 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. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Janesh Moorjani acquired 2,500 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was purchased at an average cost of $197.67 per share, for a total transaction of $494,175.00. Following the acquisition, the executive vice president owned 50,993 shares in the company, valued at approximately $10,079,786.31. This trade represents a 5.16% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have purchased 7,935 shares of company stock worth $1,666,644. 0.14% of the stock is owned by insiders.

Autodesk Stock Up 1.5%

NASDAQ:ADSK opened at $208.98 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78. The stock has a 50 day moving average of $218.63 and a 200-day moving average of $239.07. The firm has a market capitalization of $44.09 billion, a PE ratio of 30.46, a price-to-earnings-growth ratio of 1.27 and a beta of 1.32. Autodesk, Inc. has a 52 week low of $185.50 and a 52 week high of $329.09.

Autodesk (NASDAQ:ADSK) last announced its quarterly 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 return on equity of 57.14% and a net margin of 19.49%.The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter last year, the business posted $2.29 EPS. The business’s revenue was up 18.4% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. Analysts predict that Autodesk, Inc. will post 9.64 EPS for the current year.

Analyst Ratings Changes

ADSK has been the subject of a number of research analyst reports. Loop Capital lowered their price target on Autodesk from $250.00 to $235.00 and set a “hold” rating for the company in a report on Friday, May 29th. Rothschild & Co Redburn reduced their price objective on Autodesk from $375.00 to $360.00 and set a “buy” rating on the stock in a research note on Monday, June 1st. BNP Paribas Exane assumed coverage on shares of Autodesk in a report on Thursday, June 18th. They issued an “outperform” rating and a $295.00 price objective for the company. Piper Sandler lowered their target price on shares of Autodesk from $383.00 to $369.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $330.00 target price on shares of Autodesk in a report on Monday, June 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Autodesk currently has an average rating of “Moderate Buy” and a consensus price target of $326.10.

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.