Autodesk, Inc. $ADSK Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. decreased its holdings in Autodesk, Inc. (NASDAQ:ADSKFree Report) by 28.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,221 shares of the software company’s stock after selling 4,833 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Autodesk were worth $2,376,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Moss Adams Wealth Advisors LLC grew its stake in shares of Autodesk by 1.0% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 4,267 shares of the software company’s stock worth $1,263,000 after purchasing an additional 41 shares during the period. CENTRAL TRUST Co lifted its stake in shares of Autodesk by 6.2% in the fourth quarter. CENTRAL TRUST Co now owns 759 shares of the software company’s stock valued at $225,000 after purchasing an additional 44 shares during the period. Smithfield Trust Co boosted its holdings in Autodesk by 5.3% during the fourth quarter. Smithfield Trust Co now owns 893 shares of the software company’s stock worth $266,000 after buying an additional 45 shares in the last quarter. Calydon Capital boosted its holdings in Autodesk by 1.7% during the fourth quarter. Calydon Capital now owns 2,726 shares of the software company’s stock worth $807,000 after buying an additional 45 shares in the last quarter. Finally, Archer Investment Corp grew its position in Autodesk by 112.2% during the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after buying an additional 46 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Up 3.4%

ADSK stock opened at $257.96 on Friday. 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’s 50 day simple moving average is $215.88 and its 200-day simple moving average is $232.15. Autodesk, Inc. has a 12 month low of $185.50 and a 12 month high of $329.09. The firm has a market capitalization of $54.43 billion, a PE ratio of 37.60, a P/E/G ratio of 1.53 and a beta of 1.29.

Autodesk (NASDAQ:ADSKGet Free Report) last issued its quarterly earnings data 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. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The company’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $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. Equities analysts expect that Autodesk, Inc. will post 9.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Autodesk in a report on Tuesday. They issued a “neutral” rating and a $260.00 target price for the company. Wells Fargo & Company decreased their price target on Autodesk from $350.00 to $330.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. Citigroup raised their price objective on Autodesk from $246.00 to $252.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. BTIG Research reaffirmed a “buy” rating and set a $300.00 price objective on shares of Autodesk in a report on Friday, May 29th. Finally, Barclays reduced their price objective on Autodesk from $315.00 to $300.00 and set an “overweight” rating for the company in a report on Wednesday, May 13th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and an average price target of $321.07.

Read Our Latest Analysis on ADSK

Insider Activity at Autodesk

In related news, EVP Janesh Moorjani acquired 2,500 shares of the firm’s 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 approximately $10,079,786.31. The trade was a 5.16% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John T. Cahill acquired 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were bought at an average price 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 $756,800. This represents a 100.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 7,935 shares of company stock valued at $1,666,644 over the last quarter. Insiders own 0.14% of the company’s stock.

About Autodesk

(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.

Further Reading

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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