Advent International L.P. Decreases Stock Position in Autodesk, Inc. $ADSK

Advent International L.P. decreased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 21.3% during the first quarter, Holdings Channel.com reports. The fund owned 40,410 shares of the software company’s stock after selling 10,905 shares during the period. Autodesk accounts for approximately 0.2% of Advent International L.P.’s holdings, making the stock its 24th biggest holding. Advent International L.P.’s holdings in Autodesk were worth $9,674,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Torren Management LLC purchased a new stake in Autodesk during the 4th quarter worth approximately $25,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Autodesk in the third quarter worth $25,000. Kemnay Advisory Services Inc. purchased a new position in shares of Autodesk in the fourth quarter worth $25,000. Archer Investment Corp lifted its stake in shares of Autodesk by 112.2% during the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock worth $26,000 after buying an additional 46 shares during the period. Finally, Prosperity Bancshares Inc acquired a new stake in shares of Autodesk during the fourth quarter worth $27,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Up 7.7%

NASDAQ:ADSK opened at $225.91 on Tuesday. The firm has a market capitalization of $47.67 billion, a P/E ratio of 32.93, a PEG ratio of 1.29 and a beta of 1.32. 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 $214.58 and its 200-day moving average price is $234.47. 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 John T. Cahill acquired 2,000 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The stock was acquired at an average price of $189.20 per share, with a total value of $378,400.00. Following the acquisition, the director directly owned 4,000 shares in the company, valued at $756,800. This represents a 100.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stacy J. Smith acquired 3,435 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was bought at an average cost of $231.17 per share, with a total value of $794,068.95. Following the acquisition, the director owned 26,517 shares in the company, valued at approximately $6,129,934.89. This trade represents a 14.88% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 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 Ratings Changes

Several equities analysts recently issued reports on the company. Bank of America reissued a “buy” rating and issued a $300.00 target price on shares of Autodesk in a research report on Tuesday, May 12th. BTIG Research reaffirmed a “buy” rating and set a $300.00 price target on shares of Autodesk in a research report on Friday, May 29th. DA Davidson reiterated a “buy” rating and set a $325.00 price target on shares of Autodesk in a research note on Friday, May 29th. BNP Paribas Exane assumed coverage on Autodesk in a report on Thursday, June 18th. They issued an “outperform” rating and a $295.00 price objective on the stock. Finally, Robert W. Baird reduced their price objective on Autodesk from $355.00 to $312.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Three equities 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 company’s stock. According to MarketBeat.com, Autodesk currently has an average rating of “Moderate Buy” and an average price target of $323.40.

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.