DSM Capital Partners LLC increased its stake in Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 39.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 432,363 shares of the software company’s stock after buying an additional 123,299 shares during the quarter. Autodesk makes up 1.8% of DSM Capital Partners LLC’s holdings, making the stock its 19th biggest position. DSM Capital Partners LLC’s holdings in Autodesk were worth $103,508,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Childress Capital Advisors LLC increased its holdings in shares of Autodesk by 88.8% during the 1st quarter. Childress Capital Advisors LLC now owns 2,011 shares of the software company’s stock worth $482,000 after acquiring an additional 946 shares during the last quarter. Navalign LLC boosted its position in Autodesk by 3.6% during the first quarter. Navalign LLC now owns 2,924 shares of the software company’s stock worth $700,000 after purchasing an additional 101 shares during the period. Resonant Capital Advisors LLC increased its holdings in shares of Autodesk by 35.7% in the first quarter. Resonant Capital Advisors LLC now owns 1,244 shares of the software company’s stock valued at $298,000 after purchasing an additional 327 shares during the last quarter. Appleton Partners Inc. MA raised its position in shares of Autodesk by 1.2% in the first quarter. Appleton Partners Inc. MA now owns 27,792 shares of the software company’s stock valued at $6,653,000 after purchasing an additional 335 shares during the period. Finally, Bogart Wealth LLC lifted its stake in shares of Autodesk by 3.0% during the 1st quarter. Bogart Wealth LLC now owns 27,321 shares of the software company’s stock worth $6,541,000 after buying an additional 804 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. Royal Bank Of Canada reduced their price target on Autodesk from $335.00 to $305.00 and set an “outperform” rating for the company in a research note on Friday, May 29th. Bank of America reaffirmed a “buy” rating and set a $300.00 price target on shares of Autodesk in a research report on Tuesday, May 12th. Zacks Research lowered shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. UBS Group reaffirmed a “buy” rating on shares of Autodesk in a report on Friday, May 29th. Finally, Robert W. Baird reduced their price target on Autodesk from $355.00 to $312.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Autodesk has an average rating of “Moderate Buy” and a consensus price target of $326.10.
Insiders Place Their Bets
In other news, Director Stacy J. Smith bought 3,435 shares of the company’s stock in a transaction 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 owned 26,517 shares of the company’s stock, 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 legal filing with the SEC, which is available at this link. Also, Director John T. Cahill purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The shares were purchased at an average cost of $189.20 per share, for a total transaction of $378,400.00. Following the completion of the purchase, the director directly owned 4,000 shares of the company’s stock, valued at approximately $756,800. This represents a 100.00% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought a total of 7,935 shares of company stock valued at $1,666,644 in the last 90 days. Corporate insiders own 0.14% of the company’s stock.
Autodesk Price Performance
ADSK stock opened at $206.04 on Thursday. The stock has a market cap of $43.47 billion, a price-to-earnings ratio of 30.03, a P/E/G ratio of 1.31 and a beta of 1.32. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.83. The company has a 50 day simple moving average of $221.75 and a 200 day simple moving average of $242.24. Autodesk, Inc. has a 1 year low of $185.50 and a 1 year high of $329.09.
Autodesk (NASDAQ:ADSK – Get Free Report) last posted its earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, topping 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 firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the previous year, the firm posted $2.29 earnings per share. 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. Research analysts anticipate that Autodesk, Inc. will post 9.64 EPS for the current fiscal 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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