Autodesk, Inc. $ADSK Shares Sold by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC trimmed its holdings in Autodesk, Inc. (NASDAQ:ADSKFree Report) by 53.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,886 shares of the software company’s stock after selling 2,174 shares during the period. Chicago Partners Investment Group LLC’s holdings in Autodesk were worth $387,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Torren Management LLC purchased a new stake in shares of Autodesk in the fourth quarter valued at about $25,000. Measured Wealth Private Client Group LLC purchased a new stake in Autodesk in the 3rd quarter valued at approximately $25,000. Kemnay Advisory Services Inc. purchased a new stake in Autodesk in the 4th quarter valued at approximately $25,000. Archer Investment Corp grew its holdings in Autodesk by 112.2% during the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after buying an additional 46 shares during the last quarter. Finally, Prosperity Bancshares Inc purchased a new position in Autodesk during the fourth quarter worth $27,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Autodesk

In other news, Director Stacy J. Smith acquired 3,435 shares of Autodesk stock in a transaction dated Friday, May 29th. The shares were acquired at an average cost of $231.17 per share, with a total value of $794,068.95. Following the purchase, the director directly owned 26,517 shares of the company’s stock, valued at approximately $6,129,934.89. This trade represents a 14.88% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John T. Cahill bought 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were acquired at an average cost of $189.20 per share, with a total value of $378,400.00. Following the transaction, the director owned 4,000 shares in the company, valued at approximately $756,800. This represents a 100.00% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 7,935 shares of company stock worth $1,666,644 in the last quarter. 0.14% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ADSK. The Goldman Sachs Group started coverage on Autodesk in a report on Tuesday. They issued a “neutral” rating and a $260.00 price target for the company. Citigroup lifted their price objective on Autodesk from $246.00 to $252.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Royal Bank Of Canada cut their target price on shares of Autodesk from $335.00 to $305.00 and set an “outperform” rating for the company in a research note on Friday, May 29th. Rosenblatt Securities restated a “buy” rating and issued a $330.00 target price on shares of Autodesk in a report on Monday, June 1st. Finally, Guggenheim assumed coverage on shares of Autodesk in a research note on Wednesday, July 22nd. They set a “buy” rating and a $245.00 price target on the stock. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Autodesk currently has a consensus rating of “Moderate Buy” and an average target price of $321.07.

Read Our Latest Stock Analysis on Autodesk

Autodesk Stock Down 2.4%

Shares of NASDAQ:ADSK opened at $251.66 on Friday. 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 cap of $53.10 billion, a price-to-earnings ratio of 36.69, a PEG ratio of 1.58 and a beta of 1.29. The stock’s 50-day moving average price is $216.31 and its two-hundred day moving average price is $232.28. Autodesk, Inc. has a 12-month low of $185.50 and a 12-month high of $329.09.

Autodesk (NASDAQ:ADSKGet Free Report) last announced its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share 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 business had revenue of $1.93 billion for 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 company’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. On average, research analysts forecast that Autodesk, Inc. will post 9.7 EPS for the current year.

Autodesk Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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