Autodesk, Inc. $ADSK Shares Sold by Burney Co.

Burney Co. lowered its position in Autodesk, Inc. (NASDAQ:ADSK) by 55.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 34,477 shares of the software company’s stock after selling 42,097 shares during the period. Burney Co.’s holdings in Autodesk were worth $8,254,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Torren Management LLC purchased a new position in shares of Autodesk during the fourth quarter worth approximately $25,000. Measured Wealth Private Client Group LLC purchased a new stake in Autodesk in the 3rd quarter valued at $25,000. Kemnay Advisory Services Inc. purchased a new stake in Autodesk in the 4th quarter valued at $25,000. Archer Investment Corp boosted its stake in Autodesk by 112.2% during the 4th 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. Finally, Prosperity Bancshares Inc purchased a new position in Autodesk during the 4th quarter worth $27,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Autodesk

In other Autodesk news, Director John T. Cahill acquired 2,000 shares of the stock in a transaction on Tuesday, June 23rd. The shares were bought at an average price of $189.20 per share, with a total value of $378,400.00. Following the acquisition, the director owned 4,000 shares of the company’s stock, valued at $756,800. This trade represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stacy J. Smith bought 3,435 shares of the company’s stock in a transaction on 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 transaction, the director directly owned 26,517 shares in the company, valued at $6,129,934.89. This trade represents a 14.88% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have acquired 7,935 shares of company stock valued at $1,666,644. 0.14% of the stock is owned by corporate insiders.

Autodesk Stock Up 0.0%

Shares of Autodesk stock opened at $207.54 on Tuesday. Autodesk, Inc. has a one year low of $185.50 and a one year high of $329.09. The company has a market cap of $43.79 billion, a P/E ratio of 30.25, a PEG ratio of 1.28 and a beta of 1.32. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a fifty day moving average of $223.32 and a two-hundred day moving average of $244.07.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, beating 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 business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the previous year, the firm earned $2.29 earnings per share. The business’s quarterly revenue 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 forecast that Autodesk, Inc. will post 9.64 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Wells Fargo & Company dropped their price objective on shares of Autodesk from $350.00 to $330.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. Arete Research decreased their target price on shares of Autodesk from $460.00 to $456.00 and set a “buy” rating for the company in a research note on Thursday, March 26th. UBS Group reissued a “buy” rating on shares of Autodesk in a report on Friday, May 29th. Citigroup boosted their price target on Autodesk from $246.00 to $252.00 and gave the company a “neutral” rating in a research report on Friday, May 29th. Finally, KeyCorp reduced their price objective on Autodesk from $365.00 to $341.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $326.10.

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.