Berger Financial Group Inc Has $5.75 Million Holdings in Autodesk, Inc. $ADSK

Berger Financial Group Inc grew its stake in Autodesk, Inc. (NASDAQ:ADSK) by 24.7% in the first quarter, HoldingsChannel reports. The fund owned 24,004 shares of the software company’s stock after acquiring an additional 4,751 shares during the period. Berger Financial Group Inc’s holdings in Autodesk were worth $5,747,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of ADSK. Norges Bank acquired a new stake in shares of Autodesk in the fourth quarter valued at approximately $867,480,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Autodesk by 44,345.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,280,515 shares of the software company’s stock worth $675,055,000 after buying an additional 2,275,384 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Autodesk by 46.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,989,372 shares of the software company’s stock valued at $884,884,000 after buying an additional 952,343 shares during the last quarter. Wellington Management Group LLP boosted its position in Autodesk by 103.5% in the 4th quarter. Wellington Management Group LLP now owns 1,868,159 shares of the software company’s stock valued at $552,994,000 after buying an additional 950,149 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its stake in shares of Autodesk by 80.2% in the 1st quarter. Pictet Asset Management Holding SA now owns 2,103,376 shares of the software company’s stock valued at $503,521,000 after buying an additional 936,388 shares during the period. 90.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ADSK. UBS Group restated a “buy” rating on shares of Autodesk in a research report on Friday, May 29th. Rothschild & Co Redburn lowered their price objective on Autodesk from $375.00 to $360.00 and set a “buy” rating for the company in a research report on Monday, June 1st. DA Davidson reissued a “buy” rating and set a $325.00 price objective on shares of Autodesk in a report on Friday, May 29th. KeyCorp cut their target price on shares of Autodesk from $365.00 to $341.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Finally, Loop Capital reduced their target price on shares of Autodesk from $250.00 to $235.00 and set a “hold” rating on the stock in a research note on Friday, May 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $326.10.

Insider Buying and Selling

In other news, Director John T. Cahill acquired 2,000 shares of Autodesk stock in a transaction that occurred on Tuesday, June 23rd. The shares were acquired at an average price of $189.20 per share, with a total value of $378,400.00. Following the purchase, the director directly owned 4,000 shares of the company’s stock, valued at $756,800. The trade was a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stacy J. Smith acquired 3,435 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were purchased at an average price of $231.17 per share, with a total value of $794,068.95. Following the acquisition, the director 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. The SEC filing for this purchase provides additional information. Insiders have bought 7,935 shares of company stock valued at $1,666,644 in the last 90 days. 0.14% of the stock is owned by insiders.

Autodesk Stock Performance

NASDAQ ADSK opened at $207.48 on Friday. Autodesk, Inc. has a 12 month low of $185.50 and a 12 month high of $329.09. The stock has a 50-day simple moving average of $223.32 and a 200 day simple moving average of $244.42. 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 company has a market capitalization of $43.78 billion, a PE ratio of 30.24, a P/E/G ratio of 1.28 and a beta of 1.32.

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 analysts’ consensus estimates of $2.84 by $0.15. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The company’s revenue was up 18.4% compared to the same quarter last year. During the same quarter last year, the business earned $2.29 earnings per share. 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 forecast 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.