Autodesk, Inc. $ADSK Position Trimmed by Caxton Associates LLP

Caxton Associates LLP trimmed its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 89.5% during the first quarter, Holdings Channel reports. The firm owned 4,522 shares of the software company’s stock after selling 38,397 shares during the quarter. Caxton Associates LLP’s holdings in Autodesk were worth $1,083,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Measured Wealth Private Client Group LLC bought a new stake in shares of Autodesk during the 3rd quarter valued at about $25,000. Kemnay Advisory Services Inc. acquired a new stake in Autodesk during the fourth quarter worth about $25,000. Torren Management LLC bought a new position in Autodesk in the fourth quarter worth about $25,000. Archer Investment Corp boosted its stake in Autodesk by 112.2% in the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after acquiring an additional 46 shares during the period. Finally, Prosperity Bancshares Inc acquired a new position in Autodesk in the fourth quarter valued at approximately $27,000. 90.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Morgan Stanley dropped their price target on Autodesk from $350.00 to $315.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 26th. Loop Capital reduced their price objective on Autodesk from $250.00 to $235.00 and set a “hold” rating for the company in a research report on Friday, May 29th. Guggenheim began coverage on Autodesk in a research note on Wednesday. They set a “buy” rating and a $245.00 price objective for the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $330.00 target price on shares of Autodesk in a research report on Monday, June 1st. Finally, Royal Bank Of Canada cut their target price on Autodesk from $335.00 to $305.00 and set an “outperform” rating on the stock in a research note on Friday, May 29th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $323.40.

Insiders Place Their Bets

In other Autodesk news, EVP Janesh Moorjani purchased 2,500 shares of the firm’s stock in a transaction dated 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 purchase, the executive vice president owned 50,993 shares in the company, valued at $10,079,786.31. This trade represents a 5.16% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stacy J. Smith purchased 3,435 shares of the stock in a transaction dated Friday, May 29th. The shares were 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 directly 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. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders acquired 7,935 shares of company stock worth $1,666,644. 0.14% of the stock is owned by company insiders.

Autodesk Stock Performance

ADSK opened at $209.75 on Monday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78. The business’s 50 day moving average is $214.93 and its 200-day moving average is $234.95. The stock has a market cap of $44.26 billion, a PE ratio of 30.58, a price-to-earnings-growth ratio of 1.29 and a beta of 1.32. Autodesk, Inc. has a twelve month low of $185.50 and a twelve month high of $329.09.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.15. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The business 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 company posted $2.29 EPS. The business’s revenue for the quarter 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. On average, analysts predict that Autodesk, Inc. will post 9.64 earnings per share for the current year.

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.