Assetmark Inc. Has $14.72 Million Holdings in Autodesk, Inc. $ADSK

Assetmark Inc. boosted its stake in Autodesk, Inc. (NASDAQ:ADSK) by 13.3% in the first quarter, HoldingsChannel.com reports. The firm owned 61,471 shares of the software company’s stock after buying an additional 7,230 shares during the period. Assetmark Inc.’s holdings in Autodesk were worth $14,716,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of ADSK. Measured Wealth Private Client Group LLC bought a new stake in shares of Autodesk in the 3rd quarter valued at about $25,000. Kemnay Advisory Services Inc. bought a new stake in Autodesk in the fourth quarter valued at approximately $25,000. Torren Management LLC bought a new stake in Autodesk in the fourth quarter valued at approximately $25,000. Archer Investment Corp increased its position in Autodesk by 112.2% during the 4th quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after purchasing an additional 46 shares during the period. Finally, Prosperity Bancshares Inc acquired a new stake in Autodesk during the 4th quarter valued at approximately $27,000. 90.24% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Stacy J. Smith purchased 3,435 shares of Autodesk stock in a transaction on Friday, May 29th. The stock was acquired at an average cost of $231.17 per share, for a total transaction of $794,068.95. Following the completion of the acquisition, 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 position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John T. Cahill purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The stock was bought at an average cost of $189.20 per share, with a total value of $378,400.00. Following the completion of the purchase, the director owned 4,000 shares of the company’s stock, valued at approximately $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 ninety days. 0.14% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ADSK has been the topic of a number of recent analyst reports. Royal Bank Of Canada dropped their price target on shares of Autodesk from $335.00 to $305.00 and set an “outperform” rating on the stock in a research report on Friday, May 29th. DA Davidson reaffirmed a “buy” rating and issued a $325.00 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 research note on Thursday, June 18th. They set an “outperform” rating and a $295.00 target price for the company. Arete Research dropped their target price on shares of Autodesk from $460.00 to $456.00 and set a “buy” rating on the stock in a report on Thursday, March 26th. Finally, Weiss Ratings cut shares of Autodesk from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Autodesk currently has an average rating of “Moderate Buy” and a consensus price target of $326.10.

Autodesk Price Performance

Shares of ADSK opened at $218.35 on Monday. The firm has a market cap of $46.07 billion, a PE ratio of 31.83, a price-to-earnings-growth ratio of 1.34 and a beta of 1.32. Autodesk, Inc. has a 52-week low of $185.50 and a 52-week high of $329.09. The business’s 50 day moving average price is $217.43 and its two-hundred day moving average price is $237.90. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 0.83.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, topping the consensus estimate of $2.84 by $0.15. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.89 billion. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The company’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter last 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. On average, equities analysts anticipate that Autodesk, Inc. will post 9.64 EPS for the current year.

Autodesk 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.