Brown Advisory Inc. Sells 635,108 Shares of Autodesk, Inc. $ADSK

Key Points

• Brown Advisory Inc. reduced its Autodesk stake by 21.8% in the fourth quarter, selling 635,108 shares and leaving it with 2.28 million shares valued at about $676 million.
• Autodesk reported stronger-than-expected quarterly results, posting EPS of $2.99 versus $2.84 expected and revenue of $1.93 billion, up 18.4% from a year earlier.
• Analyst sentiment remains broadly positive, with the stock carrying a consensus “Moderate Buy” rating and an average price target of $327.21, even as several firms trimmed their targets.

Brown Advisory Inc. lessened its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 21.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,283,617 shares of the software company's stock after selling 635,108 shares during the quarter. Autodesk comprises approximately 0.9% of Brown Advisory Inc.'s holdings, making the stock its 21st largest position. Brown Advisory Inc. owned about 1.08% of Autodesk worth $675,973,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Baldwin Investment Management LLC boosted its stake in shares of Autodesk by 65.1% during the 4th quarter. Baldwin Investment Management LLC now owns 4,832 shares of the software company's stock worth $1,430,000 after acquiring an additional 1,905 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Autodesk by 46.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,989,372 shares of the software company's stock worth $884,884,000 after acquiring an additional 952,343 shares in the last quarter. Aptus Capital Advisors LLC boosted its stake in shares of Autodesk by 18.6% during the 4th quarter. Aptus Capital Advisors LLC now owns 1,958 shares of the software company's stock worth $580,000 after acquiring an additional 307 shares in the last quarter. Kestra Advisory Services LLC boosted its stake in shares of Autodesk by 14.0% during the 4th quarter. Kestra Advisory Services LLC now owns 7,827 shares of the software company's stock worth $2,317,000 after acquiring an additional 960 shares in the last quarter. Finally, Transamerica Financial Advisors LLC boosted its stake in shares of Autodesk by 80.3% during the 4th quarter. Transamerica Financial Advisors LLC now owns 220 shares of the software company's stock worth $65,000 after acquiring an additional 98 shares in the last quarter. Institutional investors own 90.24% of the company's stock.

Insider Transactions at Autodesk

In other news, Director Stacy J. Smith purchased 3,435 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were purchased at an average cost of $231.17 per share, for a total transaction of $794,068.95. Following the completion of the purchase, the director directly owned 26,517 shares of the company's stock, valued at approximately $6,129,934.89. The trade was a 14.88% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is owned by corporate insiders.

Autodesk Price Performance

NASDAQ ADSK opened at $198.43 on Friday. Autodesk, Inc. has a twelve month low of $194.47 and a twelve month 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. The stock has a market capitalization of $41.87 billion, a PE ratio of 28.93, a P/E/G ratio of 1.22 and a beta of 1.29. The stock has a 50-day simple moving average of $235.55 and a 200 day simple moving average of $255.52.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, topping 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 business had revenue of $1.93 billion during the quarter, compared to analysts' expectations of $1.89 billion. During the same quarter in the previous year, the firm earned $2.29 EPS. The firm'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. Research analysts anticipate that Autodesk, Inc. will post 9.64 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on ADSK shares. Arete Research decreased their price target on Autodesk from $460.00 to $456.00 and set a "buy" rating for the company in a research note on Thursday, March 26th. KeyCorp cut their price objective on Autodesk from $365.00 to $341.00 and set an "overweight" rating for the company in a research report on Thursday, May 21st. Zacks Research cut Autodesk from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 14th. Piper Sandler cut their price objective on Autodesk from $383.00 to $369.00 and set an "overweight" rating for the company in a research report on Friday, May 29th. Finally, Robert W. Baird cut their price objective on Autodesk from $355.00 to $312.00 and set an "outperform" rating for the company in a research report on Friday, April 17th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $327.21.

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.

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