Andra AP fonden Trims Stock Position in Autodesk, Inc. $ADSK

Andra AP fonden trimmed its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 33.3% in the first quarter, HoldingsChannel reports. The firm owned 72,462 shares of the software company’s stock after selling 36,118 shares during the period. Andra AP fonden’s holdings in Autodesk were worth $17,347,000 at the end of the most recent reporting period.

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

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $217.80 on Tuesday. The company has a market cap of $45.96 billion, a P/E ratio of 31.75, a P/E/G ratio of 1.34 and a beta of 1.32. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.78. Autodesk, Inc. has a 52 week low of $185.50 and a 52 week high of $329.09. The business has a fifty day simple moving average of $217.06 and a 200-day simple moving average of $237.33.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, May 28th. The software company reported $2.99 EPS for the quarter, beating the consensus estimate of $2.84 by $0.15. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period in the prior year, the firm posted $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. Equities research analysts forecast that Autodesk, Inc. will post 9.64 EPS for the current year.

Insider Activity at Autodesk

In related news, Director John T. Cahill purchased 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was purchased at an average price of $189.20 per share, with a total value of $378,400.00. Following the completion of the transaction, the director owned 4,000 shares of the company’s stock, valued at approximately $756,800. This trade represents a 100.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stacy J. Smith bought 3,435 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was purchased at an average cost of $231.17 per share, for a total transaction of $794,068.95. Following the completion of the transaction, the director directly owned 26,517 shares in the company, valued at approximately $6,129,934.89. This trade represents a 14.88% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders purchased 7,935 shares of company stock worth $1,666,644. 0.14% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ADSK shares. UBS Group reaffirmed a “buy” rating on shares of Autodesk in a research note on Friday, May 29th. Weiss Ratings downgraded shares of Autodesk from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 10th. BTIG Research restated a “buy” rating and issued a $300.00 target price on shares of Autodesk in a report on Friday, May 29th. BMO Capital Markets decreased their price target on shares of Autodesk from $279.00 to $262.00 and set a “market perform” rating on the stock in a research note on Friday, May 29th. Finally, Jefferies Financial Group upgraded shares of Autodesk to a “strong-buy” rating in a report on Tuesday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $326.10.

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.