Beacon Pointe Advisors LLC Buys Shares of 6,476 Autodesk, Inc. $ADSK

Key Points

• Beacon Pointe Advisors initiated a position in Autodesk by buying 6,476 shares worth approximately $1.26 million. Institutional investors and hedge funds collectively own 90.24% of the company.
• Autodesk reported fiscal Q2 revenue of $2.05 billion, up 16% year over year, and adjusted EPS of $3.30, beating analyst estimates. However, its fiscal Q3 EPS guidance of $3.04–$3.09 fell below expectations, raising concerns about near-term margins and acquisition-related costs.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $321.07, versus the stock’s reported opening price of $260.66.

Beacon Pointe Advisors LLC acquired a new position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 6,476 shares of the software company's stock, valued at approximately $1,260,000.

Other large investors have also recently added to or reduced their stakes in the company. Torren Management LLC bought a new stake in Autodesk during the fourth quarter worth approximately $25,000. Measured Wealth Private Client Group LLC acquired a new stake in Autodesk in the third quarter worth approximately $25,000. Kemnay Advisory Services Inc. bought a new position in Autodesk during the 4th quarter valued at $25,000. Prosperity Bancshares Inc bought a new position in Autodesk during the 4th quarter valued at $27,000. Finally, Ascentis Independent Advisors acquired a new position in shares of Autodesk during the 1st quarter valued at $28,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on ADSK shares. Morgan Stanley cut their target price on shares of Autodesk from $350.00 to $315.00 and set an "overweight" rating for the company in a research note on Tuesday, May 26th. DA Davidson set a $325.00 price target on shares of Autodesk in a research report on Friday. BNP Paribas Exane upped their price target on Autodesk from $295.00 to $300.00 and gave the company an "outperform" rating in a report on Friday. Jefferies Financial Group upgraded Autodesk to a "strong-buy" rating in a research report on Tuesday, May 26th. Finally, KeyCorp reissued an "overweight" rating on shares of Autodesk in a research note on Wednesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $321.07.

Autodesk Price Performance

Autodesk stock opened at $260.66 on Monday. The company has a current ratio of 0.86, a quick ratio of 0.83 and a debt-to-equity ratio of 0.59. Autodesk, Inc. has a 1-year low of $185.50 and a 1-year high of $329.09. The firm's fifty day simple moving average is $225.93 and its 200-day simple moving average is $232.22. The company has a market capitalization of $55.00 billion, a P/E ratio of 33.72, a P/E/G ratio of 1.60 and a beta of 1.29.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.12 by $0.18. Autodesk had a return on equity of 58.63% and a net margin of 21.08%.The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the company earned $2.62 EPS. The company's revenue for the quarter was up 16.1% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. Sell-side analysts forecast that Autodesk, Inc. will post 9.7 earnings per share for the current fiscal year.

Insider Buying and Selling at Autodesk

In other news, Director John T. Cahill acquired 2,000 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were acquired at an average cost of $189.20 per share, for a total transaction of $378,400.00. Following the completion of the transaction, the director owned 4,000 shares in the company, valued at approximately $756,800. This trade represents a 100.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Janesh Moorjani acquired 2,500 shares of the company's stock in a transaction dated Monday, June 15th. The stock was acquired at an average price of $197.67 per share, with a total value of $494,175.00. Following the purchase, the executive vice president owned 50,993 shares in the company, valued at approximately $10,079,786.31. This represents a 5.16% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 0.14% of the company's stock.

Key Autodesk News

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Autodesk reported fiscal Q2 revenue of $2.05 billion, up 16% year over year, and adjusted EPS of $3.30, exceeding analyst expectations of $2.01 billion and $3.12, respectively. Growth was supported by strong renewals, cloud sales, construction activity and operating leverage. Autodesk fiscal 2027 second-quarter results
• Positive Sentiment: The company raised fiscal 2027 billings and revenue expectations, with full-year revenue guidance of approximately $8.6 billion to $8.7 billion. Management highlighted artificial intelligence, sales productivity and the MaintainX acquisition as longer-term growth drivers. Autodesk raises fiscal 2027 billings outlook
• Positive Sentiment: Several analysts remain constructive. BTIG reaffirmed a Buy rating with a $300 target, Bank of America maintained its Buy rating and $300 target, while BNP Paribas Exane raised its target to $300. Analysts cited subscription momentum and expectations that margins can improve despite MaintainX-related costs. Analyst rating coverage
• Neutral Sentiment: Autodesk is expanding its AI strategy and operations-management offerings through MaintainX. While these initiatives could broaden the company’s addressable market, investors are assessing execution risks and the timing of financial benefits.
• Negative Sentiment: Fiscal Q3 adjusted EPS guidance of $3.04 to $3.09 was below Wall Street expectations. The outlook for operating margins and costs was also viewed as cautious, raising concerns that acquisition expenses and AI investment could pressure near-term profitability. Autodesk quarterly profit forecast
• Negative Sentiment: The mixed outlook prompted profit-taking after the earnings beat. Although full-year revenue and EPS guidance exceeded some consensus measures, investors appeared more focused on the weaker quarterly profit outlook and margin trajectory.

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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