Corient Private Wealth LLC Grows Stock Position in Autodesk, Inc. $ADSK

Corient Private Wealth LLC grew its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 25.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 57,952 shares of the software company’s stock after buying an additional 11,723 shares during the period. Corient Private Wealth LLC’s holdings in Autodesk were worth $17,165,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Torren Management LLC purchased a new position in shares of Autodesk in the 4th quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC acquired a new stake in Autodesk in the 3rd quarter worth approximately $25,000. Kemnay Advisory Services Inc. purchased a new stake in Autodesk during the 4th quarter worth approximately $25,000. Archer Investment Corp grew its position in Autodesk by 112.2% during the 4th 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 last quarter. Finally, Prosperity Bancshares Inc acquired a new position in Autodesk during the 4th quarter valued at approximately $27,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Stock Up 0.6%

NASDAQ:ADSK opened at $188.78 on Wednesday. The firm has a market capitalization of $39.83 billion, a P/E ratio of 27.52, a PEG ratio of 1.16 and a beta of 1.29. Autodesk, Inc. has a 1-year low of $185.50 and a 1-year high of $329.09. The company’s fifty day moving average price is $230.04 and its 200-day moving average price is $249.88. 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:ADSK) last posted its earnings results 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. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the previous year, the firm posted $2.29 earnings per share. The firm’s quarterly 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. As a group, equities research analysts anticipate that Autodesk, Inc. will post 9.64 EPS for the current year.

Insider Buying and Selling at Autodesk

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Citigroup boosted their price objective on shares of Autodesk from $246.00 to $252.00 and gave the company a “neutral” rating in a report on Friday, May 29th. Loop Capital reduced their target price on Autodesk from $250.00 to $235.00 and set a “hold” rating for the company in a research note on Friday, May 29th. Deutsche Bank Aktiengesellschaft lowered their price target on Autodesk from $375.00 to $330.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Rothschild & Co Redburn dropped their price target on Autodesk from $375.00 to $360.00 and set a “buy” rating on the stock in a research note on Monday, June 1st. Finally, Morgan Stanley cut their price objective on Autodesk from $350.00 to $315.00 and set an “overweight” rating on the stock in a report on Tuesday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and an average price target of $326.10.

Autodesk Company 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.