4,602 Shares in Autodesk, Inc. $ADSK Acquired by EP Wealth Advisors LLC

EP Wealth Advisors LLC acquired a new position in shares of Autodesk, Inc. (NASDAQ:ADSKFree Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,602 shares of the software company’s stock, valued at approximately $895,000.

A number of other hedge funds have also recently bought and sold shares of the company. Torren Management LLC bought a new stake in shares of Autodesk during the fourth quarter worth $25,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Autodesk during the third quarter valued at $25,000. Kemnay Advisory Services Inc. bought a new position in Autodesk in the fourth quarter valued at about $25,000. Archer Investment Corp increased its position in Autodesk by 112.2% in the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after purchasing an additional 46 shares during the period. Finally, Prosperity Bancshares Inc acquired a new stake in Autodesk in the fourth quarter worth about $27,000. 90.24% of the stock is currently owned by institutional investors.

Autodesk Stock Down 0.0%

Autodesk stock opened at $253.82 on Monday. The company’s 50 day simple moving average is $219.71 and its 200 day simple moving average is $231.61. Autodesk, Inc. has a fifty-two week low of $185.50 and a fifty-two week high of $329.09. The firm has a market capitalization of $53.56 billion, a price-to-earnings ratio of 37.00, a PEG ratio of 1.55 and a beta of 1.29. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.83.

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, beating analysts’ consensus estimates of $2.84 by $0.15. The firm had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.29 earnings per share. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. As a group, sell-side analysts anticipate that Autodesk, Inc. will post 9.7 EPS for the current year.

Insider Activity

In other Autodesk news, EVP Janesh Moorjani bought 2,500 shares of Autodesk stock in a transaction on Monday, June 15th. The shares were purchased at an average cost of $197.67 per share, for a total transaction of $494,175.00. Following the completion of the acquisition, the executive vice president 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 acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Stacy J. Smith bought 3,435 shares of the firm’s stock in a transaction 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 completion of the purchase, the director 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 SEC filing for this purchase provides additional information. Insiders bought 7,935 shares of company stock valued at $1,666,644 in the last quarter. Company insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Loop Capital lowered their price target on shares of Autodesk from $250.00 to $235.00 and set a “hold” rating for the company in a research report on Friday, May 29th. BTIG Research reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Autodesk in a research note on Friday, May 29th. BNP Paribas Exane began coverage on shares of Autodesk in a report on Thursday, June 18th. They set an “outperform” rating and a $295.00 target price for the company. Guggenheim upped their target price on shares of Autodesk from $245.00 to $277.00 and gave the company a “buy” rating in a research report on Thursday. Finally, The Goldman Sachs Group assumed coverage on Autodesk in a research note on Tuesday, August 11th. They issued a “neutral” rating and a $260.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $321.65.

Get Our Latest Research Report on Autodesk

Autodesk Company 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.

Further Reading

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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