4,955 Shares in Autodesk, Inc. $ADSK Purchased by Global Retirement Partners LLC

Key Points

• Global Retirement Partners LLC purchased 4,955 Autodesk shares worth approximately $963,000 in the second quarter. Institutional investors collectively own 90.24% of the company.
• Analysts maintain a generally positive outlook, with Autodesk receiving a “Moderate Buy” consensus rating and an average price target of $321.07, despite mixed recent rating and target-price adjustments.
• Autodesk exceeded quarterly expectations, reporting $2.99 in earnings per share and $1.93 billion in revenue, with revenue up 18.4% year over year. Company insiders also purchased 7,935 shares worth about $1.67 million over the past three months.

Global Retirement Partners LLC acquired a new stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,955 shares of the software company's stock, valued at approximately $963,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Torren Management LLC acquired a new stake in shares of Autodesk in the 4th quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Autodesk in the third quarter valued at approximately $25,000. Kemnay Advisory Services Inc. acquired a new position in Autodesk during the fourth quarter worth $25,000. Archer Investment Corp grew its holdings in 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 acquiring an additional 46 shares during the period. Finally, Prosperity Bancshares Inc purchased a new position in Autodesk in the fourth quarter worth $27,000. Hedge funds and other institutional investors own 90.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Piper Sandler reduced their target price on Autodesk from $383.00 to $369.00 and set an "overweight" rating for the company in a report on Friday, May 29th. Zacks Research cut shares of Autodesk from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 14th. Jefferies Financial Group upgraded shares of Autodesk to a "strong-buy" rating in a report on Tuesday, May 26th. Citigroup raised their price objective on shares of Autodesk from $246.00 to $252.00 and gave the company a "neutral" rating in a research note on Friday, May 29th. Finally, BMO Capital Markets decreased their price objective on shares of Autodesk from $279.00 to $262.00 and set a "market perform" rating on the stock in a report on Friday, May 29th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Autodesk has an average rating of "Moderate Buy" and an average price target of $321.07.

Insider Buying and Selling

In other Autodesk news, Director John T. Cahill acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were purchased at an average cost of $189.20 per share, with a total value 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 purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Janesh Moorjani bought 2,500 shares of the company's stock in a transaction on Monday, June 15th. The shares were acquired at an average price of $197.67 per share, with a total value of $494,175.00. Following the completion of the acquisition, the executive vice president directly owned 50,993 shares in the company, valued at $10,079,786.31. This represents a 5.16% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 7,935 shares of company stock worth $1,666,644 in the last three months. Corporate insiders own 0.14% of the company's stock.

Autodesk Stock Performance

Shares of ADSK stock opened at $246.79 on Wednesday. The stock has a fifty day moving average price of $217.10 and a 200 day moving average price of $231.66. 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 stock has a market cap of $52.07 billion, a PE ratio of 35.98, a P/E/G ratio of 1.54 and a beta of 1.29. Autodesk, Inc. has a 1 year low of $185.50 and a 1 year high of $329.09.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted 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 return on equity of 57.14% and a net margin of 19.49%.The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the prior year, the company earned $2.29 earnings per share. Autodesk's 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. Sell-side analysts forecast that Autodesk, Inc. will post 9.7 earnings per share for the current fiscal year.

About Autodesk

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.

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