Cambient Family Office LLC acquired a new position in shares of Autodesk, Inc. (NASDAQ:ADSK – Free Report) in the 4th quarter, HoldingsChannel reports. The firm acquired 18,193 shares of the software company’s stock, valued at approximately $5,385,000.
A number of other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Autodesk in the 4th quarter worth approximately $867,480,000. Northwestern Mutual Wealth Management Co. increased its holdings in Autodesk by 44,345.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,280,515 shares of the software company’s stock valued at $675,055,000 after purchasing an additional 2,275,384 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Autodesk by 46.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,989,372 shares of the software company’s stock valued at $884,884,000 after purchasing an additional 952,343 shares in the last quarter. Wellington Management Group LLP raised its position in Autodesk by 103.5% in the 4th quarter. Wellington Management Group LLP now owns 1,868,159 shares of the software company’s stock valued at $552,994,000 after purchasing an additional 950,149 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Autodesk by 197.1% in the 3rd quarter. First Trust Advisors LP now owns 910,768 shares of the software company’s stock valued at $289,324,000 after purchasing an additional 604,235 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.
Insider Activity
In other news, Director Stacy J. Smith acquired 3,435 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was purchased at an average cost of $231.17 per share, for a total transaction of $794,068.95. Following the completion of the transaction, the director directly 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 purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Janesh Moorjani acquired 2,500 shares of the company’s stock in a transaction on Monday, June 15th. The shares were purchased at an average cost of $197.67 per share, with a total value of $494,175.00. Following the completion of the acquisition, the executive vice president directly owned 50,993 shares in the company, valued at approximately $10,079,786.31. The trade was a 5.16% increase in their position. The SEC filing for this purchase provides additional information. 0.14% of the stock is owned by company insiders.
Analysts Set New Price Targets
Get Our Latest Analysis on Autodesk
Autodesk Stock Up 0.4%
NASDAQ:ADSK opened at $193.82 on Friday. The company has a market cap of $40.90 billion, a price-to-earnings ratio of 28.25, a P/E/G ratio of 1.19 and a beta of 1.29. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 0.83. The stock’s fifty day moving average price is $232.32 and its two-hundred day moving average price is $252.36. Autodesk, Inc. has a 52-week low of $190.86 and a 52-week high of $329.09.
Autodesk (NASDAQ:ADSK – Get Free Report) last released its earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, beating the consensus estimate of $2.84 by $0.15. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The business’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period last year, the firm earned $2.29 EPS. 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, analysts anticipate that Autodesk, Inc. will post 9.64 EPS for the current year.
Key Stories Impacting Autodesk
Here are the key news stories impacting Autodesk this week:
- Positive Sentiment: BNP Paribas Exane initiated coverage on Autodesk with an Outperform rating and a $295 price target, signaling meaningful upside versus the current share price. Benzinga report on BNP Paribas Exane coverage
- Positive Sentiment: Autodesk shareholders approved governance measures and re-elected the board at the annual meeting, which can reduce uncertainty around leadership and oversight. Autodesk Shareholders Reinforce Board, Approve Governance Measures
- Positive Sentiment: CEO Andrew Anagnost made a fresh insider share purchase, a move investors often read as a vote of confidence in the stock. Top Autodesk Insider Makes Bold Move With Fresh Share Purchase
- Positive Sentiment: Pearson CEO Omar Abbosh joined Autodesk’s board as a non-executive director, adding another experienced executive to the leadership team. Pearson CEO Omar Abbosh Joins Autodesk Board
- Neutral Sentiment: One article reviewed Autodesk’s performance within the broader design software sector in Q1, which is more of an industry check-in than a direct stock-moving catalyst. Spotting Winners: Autodesk and Design Software Stocks in Q1
- Neutral Sentiment: Another piece noted unusual put options activity near recent lows, suggesting some traders are positioning for more downside, but it does not change Autodesk’s fundamentals by itself. Autodesk Stock At Recent Lows Spurs Unusual Put Options Activity
- Negative Sentiment: A recent downgrade on the stock pointed to uncertainty around near-term profitability due to MaintainX, which may have contributed to caution after the pullback. Autodesk: Rating Downgrade As MaintainX Makes Near-Term P&L Uncertain
- Negative Sentiment: Broader market pressure and higher-rate concerns weighed on equities yesterday, which can also cap gains in software names like Autodesk. Stocks Retreat as Fed Signals Possible Higher Interest Rates
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.
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