Darwin Wealth Management LLC Boosts Holdings in Autodesk, Inc. $ADSK

Darwin Wealth Management LLC boosted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 52.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,180 shares of the software company’s stock after acquiring an additional 2,473 shares during the period. Darwin Wealth Management LLC’s holdings in Autodesk were worth $1,719,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Brighton Jones LLC increased its stake in shares of Autodesk by 14.5% during the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock worth $343,000 after purchasing an additional 147 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in Autodesk by 98.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock valued at $765,000 after buying an additional 1,224 shares in the last quarter. Schnieders Capital Management LLC. purchased a new stake in Autodesk in the 2nd quarter valued at approximately $466,000. Baird Financial Group Inc. grew its holdings in Autodesk by 7.5% during the 2nd quarter. Baird Financial Group Inc. now owns 10,048 shares of the software company’s stock valued at $3,111,000 after buying an additional 701 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in Autodesk by 25.3% during the 2nd quarter. NewEdge Advisors LLC now owns 13,860 shares of the software company’s stock valued at $4,291,000 after buying an additional 2,795 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ADSK. UBS Group reissued a “buy” rating on shares of Autodesk in a report on Friday, May 29th. BTIG Research reaffirmed a “buy” rating and set a $300.00 price objective on shares of Autodesk in a research note on Friday, May 29th. Barclays dropped their price objective on Autodesk from $315.00 to $300.00 and set an “overweight” rating for the company in a research report on Wednesday, May 13th. Zacks Research lowered shares of Autodesk from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Finally, BNP Paribas Exane assumed coverage on shares of Autodesk in a research note on Thursday, June 18th. They set an “outperform” rating and a $295.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $326.10.

Insider Buying and Selling at Autodesk

In related news, Director Stacy J. Smith bought 3,435 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were acquired at an average cost of $231.17 per share, with a total value of $794,068.95. Following the completion of the transaction, the director owned 26,517 shares of the company’s stock, valued at approximately $6,129,934.89. The trade was a 14.88% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Janesh Moorjani bought 2,500 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was bought at an average price of $197.67 per share, with a total value of $494,175.00. Following the completion of the acquisition, the executive vice president owned 50,993 shares of the company’s stock, valued at $10,079,786.31. This trade represents a 5.16% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 7,935 shares of company stock worth $1,666,644 in the last 90 days. 0.14% of the stock is owned by company insiders.

Autodesk Price Performance

ADSK stock opened at $208.45 on Friday. Autodesk, Inc. has a 52-week low of $185.50 and a 52-week high of $329.09. The stock’s fifty day simple moving average is $220.68 and its 200-day simple moving average is $241.36. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $43.98 billion, a price-to-earnings ratio of 30.39, a price-to-earnings-growth ratio of 1.28 and a beta of 1.32.

Autodesk (NASDAQ:ADSK) 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. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period in the prior year, the firm posted $2.29 earnings per share. The business’s quarterly revenue was up 18.4% compared to the same quarter last year. 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 research analysts expect that Autodesk, Inc. will post 9.64 EPS for the current 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.