Hsbc Holdings PLC increased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 11.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 917,395 shares of the software company’s stock after acquiring an additional 90,645 shares during the quarter. Hsbc Holdings PLC’s holdings in Autodesk were worth $271,686,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC bought a new position in Autodesk in the 3rd quarter worth approximately $25,000. Kemnay Advisory Services Inc. acquired a new position in shares of Autodesk during the fourth quarter worth approximately $25,000. Torren Management LLC bought a new stake in shares of Autodesk in the fourth quarter valued at approximately $25,000. Archer Investment Corp boosted its position in shares of Autodesk by 112.2% in 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 during the period. Finally, Prosperity Bancshares Inc acquired a new stake in shares of Autodesk in the fourth quarter worth $27,000. Institutional investors own 90.24% of the company’s stock.
Insider Transactions at Autodesk
In other Autodesk news, EVP Janesh Moorjani bought 2,500 shares of the 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 completion of the purchase, the executive vice president directly owned 50,993 shares in the company, valued at $10,079,786.31. The trade was a 5.16% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Stacy J. Smith purchased 3,435 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was acquired at an average cost of $231.17 per share, with a total value of $794,068.95. Following the transaction, the director directly owned 26,517 shares of the company’s stock, valued at approximately $6,129,934.89. This 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 currently owned by company insiders.
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Autodesk Stock Performance
Shares of NASDAQ ADSK opened at $193.82 on Friday. The business has a fifty day simple moving average of $231.38 and a 200 day simple moving average of $251.95. 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 firm has a market capitalization of $40.90 billion, a price-to-earnings ratio of 28.25, a PEG ratio of 1.19 and a beta of 1.29. Autodesk, Inc. has a one year low of $190.86 and a one year high of $329.09.
Autodesk (NASDAQ:ADSK – Get Free Report) last issued its earnings results on Thursday, May 28th. The software company reported $2.99 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 firm had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period last year, the business earned $2.29 earnings per share. Autodesk’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 expect that Autodesk, Inc. will post 9.64 EPS for the current year.
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.
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