111 Capital Sells 6,847 Shares of Autodesk, Inc. $ADSK

111 Capital cut its stake in Autodesk, Inc. (NASDAQ:ADSK) by 62.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,048 shares of the software company’s stock after selling 6,847 shares during the period. 111 Capital’s holdings in Autodesk were worth $1,198,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC purchased a new position in shares of Autodesk in the third quarter worth about $25,000. Torren Management LLC purchased a new stake in shares of Autodesk during the fourth quarter worth about $25,000. Archer Investment Corp boosted its holdings 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 purchasing an additional 46 shares during the period. High Point Wealth Management LLC purchased a new stake in shares of Autodesk during the fourth quarter worth about $44,000. Finally, iSAM Funds UK Ltd bought a new position in Autodesk in the third quarter worth about $46,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

More Autodesk News

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Autodesk signed a strategic collaboration agreement with AWS to bring cloud-based products into AWS Marketplace and improve cloud solutions for customers, which could widen distribution and strengthen enterprise adoption. Autodesk signs strategic collaboration agreement with Amazon Web Services
• Positive Sentiment: Autodesk lowered the minimum buy-in for Autodesk Flex to 33 tokens for $99 from 100 tokens for $300, making it easier and cheaper for small businesses to start using its products and potentially expanding its user base. Autodesk for Small Business update: Making it more affordable to get started with Autodesk Flex

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Robert W. Baird decreased their price target on shares of Autodesk from $355.00 to $312.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Argus raised shares of Autodesk to a “strong-buy” rating in a research note on Friday, March 6th. Loop Capital decreased their price target on shares of Autodesk from $250.00 to $235.00 and set a “hold” rating for the company in a research note on Friday, May 29th. Royal Bank Of Canada decreased their price target on shares of Autodesk from $335.00 to $305.00 and set an “outperform” rating for the company in a research note on Friday, May 29th. Finally, Bank of America reaffirmed a “buy” rating and set a $300.00 target price on shares of Autodesk in a research note on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Autodesk currently has a consensus rating of “Moderate Buy” and a consensus target price of $327.21.

Insider Buying and Selling at Autodesk

In other Autodesk news, Director Stacy J. Smith purchased 3,435 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were acquired at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the purchase, the director directly owned 26,517 shares of the company’s stock, valued at $6,129,934.89. The trade was a 14.88% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is owned by corporate insiders.

Autodesk Trading Down 1.6%

Shares of ADSK stock opened at $229.96 on Friday. Autodesk, Inc. has a 12-month low of $214.10 and a 12-month high of $329.09. The company has a current ratio of 0.83, a quick ratio of 0.85 and a debt-to-equity ratio of 0.78. The firm’s 50 day moving average is $237.72 and its 200 day moving average is $258.17. The stock has a market capitalization of $48.52 billion, a P/E ratio of 33.52, a P/E/G ratio of 1.48 and a beta of 1.29.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter last year, the company 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. Research analysts expect that Autodesk, Inc. will post 9.35 earnings per share 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.