Callan Family Office LLC Acquires 4,782 Shares of Autodesk, Inc. $ADSK

Key Points

• Callan Family Office LLC increased its holdings in Autodesk, Inc. by 259.8%, acquiring an additional 4,782 shares, bringing its total ownership to 6,623 shares valued at approximately $2,050,000.
• Autodesk reported a $1.46 EPS for the last quarter, missing analysts' expectations of $2.45, while its revenue of $1.76 billion exceeded predictions of $1.72 billion.
• Research analysts remain optimistic about Autodesk, with a consensus target price of $359.13 and a rating of "Moderate Buy," supported by several institutions raising their price targets recently.

Callan Family Office LLC raised its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 259.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,623 shares of the software company's stock after purchasing an additional 4,782 shares during the period. Callan Family Office LLC's holdings in Autodesk were worth $2,050,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of ADSK. Brighton Jones LLC grew its holdings in Autodesk by 14.5% during the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company's stock valued at $343,000 after purchasing an additional 147 shares during the period. Wealthcare Advisory Partners LLC raised its position in shares of Autodesk by 132.0% in the first quarter. Wealthcare Advisory Partners LLC now owns 1,803 shares of the software company's stock worth $472,000 after buying an additional 1,026 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Autodesk by 5.4% in the first quarter. GAMMA Investing LLC now owns 5,617 shares of the software company's stock worth $1,471,000 after buying an additional 290 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Autodesk by 7.6% in the first quarter. Assenagon Asset Management S.A. now owns 17,942 shares of the software company's stock worth $4,697,000 after buying an additional 1,266 shares in the last quarter. Finally, Simon Quick Advisors LLC increased its stake in Autodesk by 13.1% in the first quarter. Simon Quick Advisors LLC now owns 787 shares of the software company's stock valued at $206,000 after acquiring an additional 91 shares during the last quarter. 90.24% of the stock is owned by institutional investors.

Autodesk Price Performance

NASDAQ ADSK opened at $303.50 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.76 and a current ratio of 0.76. The firm's 50 day moving average price is $308.24 and its 200-day moving average price is $294.35. Autodesk, Inc. has a 52-week low of $232.67 and a 52-week high of $329.09. The company has a market cap of $64.65 billion, a PE ratio of 62.84, a P/E/G ratio of 2.69 and a beta of 1.49.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its earnings results on Thursday, August 28th. The software company reported $1.46 EPS for the quarter, missing analysts' consensus estimates of $2.45 by ($0.99). The firm had revenue of $1.76 billion for the quarter, compared to analysts' expectations of $1.72 billion. Autodesk had a net margin of 15.75% and a return on equity of 51.23%. The company's revenue was up 17.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.15 EPS. Autodesk has set its FY 2026 guidance at 9.800-9.980 EPS. Q3 2026 guidance at 2.480-2.510 EPS. Sell-side analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. HSBC set a $343.00 price objective on Autodesk and gave the company a "buy" rating in a research note on Wednesday, October 1st. Citigroup lifted their target price on shares of Autodesk from $376.00 to $393.00 and gave the company a "buy" rating in a report on Tuesday, September 2nd. Rosenblatt Securities boosted their price objective on shares of Autodesk from $345.00 to $355.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Barclays lifted their target price on shares of Autodesk from $355.00 to $385.00 and gave the stock an "overweight" rating in a research report on Friday, August 29th. Finally, UBS Group lifted their target price on shares of Autodesk from $370.00 to $385.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Autodesk currently has an average rating of "Moderate Buy" and a consensus target price of $359.13.

Insider Activity

In related news, EVP Steven M. Blum sold 22,420 shares of the firm's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $323.75, for a total transaction of $7,258,475.00. Following the sale, the executive vice president owned 13,099 shares in the company, valued at approximately $4,240,801.25. This trade represents a 63.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ruth Ann Keene sold 2,761 shares of Autodesk stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total transaction of $869,991.10. Following the completion of the sale, the executive vice president owned 80,255 shares in the company, valued at approximately $25,288,350.50. This trade represents a 3.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,386 shares of company stock worth $11,433,201 in the last ninety days. Corporate insiders own 0.15% of the company's stock.

About Autodesk

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.

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