Earned Wealth Advisors LLC Buys 2,759 Shares of Autodesk, Inc. $ADSK

Earned Wealth Advisors LLC raised its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 195.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,172 shares of the software company’s stock after buying an additional 2,759 shares during the period. Earned Wealth Advisors LLC’s holdings in Autodesk were worth $999,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of ADSK. Dimensional Fund Advisors LP lifted its holdings in Autodesk by 9.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,391,855 shares of the software company’s stock valued at $333,183,000 after acquiring an additional 121,568 shares during the period. Parallel Advisors LLC grew its stake in shares of Autodesk by 12.6% during the 1st quarter. Parallel Advisors LLC now owns 3,901 shares of the software company’s stock valued at $934,000 after purchasing an additional 438 shares during the period. SEB Asset Management AB purchased a new stake in shares of Autodesk during the 1st quarter valued at about $104,371,000. Swiss National Bank increased its position in shares of Autodesk by 6.6% during the 1st quarter. Swiss National Bank now owns 622,160 shares of the software company’s stock valued at $148,945,000 after purchasing an additional 38,440 shares during the last quarter. Finally, World Equity Group Inc. bought a new position in shares of Autodesk in the 1st quarter worth approximately $292,000. 90.24% of the stock is owned by institutional investors.

Autodesk Stock Performance

ADSK opened at $218.35 on Monday. The stock has a market capitalization of $46.07 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 1.34 and a beta of 1.32. The company has a fifty day moving average of $217.43 and a 200 day moving average of $237.90. Autodesk, Inc. has a fifty-two week low of $185.50 and a fifty-two week high of $329.09. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 0.83.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 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 business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the previous year, the company earned $2.29 EPS. 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. As a group, sell-side analysts forecast that Autodesk, Inc. will post 9.64 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ADSK. Robert W. Baird dropped their price objective on shares of Autodesk from $355.00 to $312.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. Citigroup upped their target price on shares of Autodesk from $246.00 to $252.00 and gave the company a “neutral” rating in a report on Friday, May 29th. Wells Fargo & Company dropped their price target 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. KeyCorp dropped their price target on shares of Autodesk from $365.00 to $341.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. Finally, Weiss Ratings downgraded shares of Autodesk from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and an average price target of $326.10.

Insider Transactions at Autodesk

In other news, EVP Janesh Moorjani purchased 2,500 shares of the business’s stock in a transaction on Monday, June 15th. The stock was acquired at an average price of $197.67 per share, for a total transaction of $494,175.00. Following the acquisition, the executive vice president directly owned 50,993 shares of the company’s stock, valued at $10,079,786.31. This represents a 5.16% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John T. Cahill acquired 2,000 shares of Autodesk stock in a transaction on Tuesday, June 23rd. The stock was purchased at an average cost of $189.20 per share, for a total transaction of $378,400.00. Following the purchase, the director owned 4,000 shares in the company, valued at approximately $756,800. The trade was a 100.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have bought 7,935 shares of company stock valued at $1,666,644. 0.14% of the stock is currently owned by insiders.

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.