Callan Family Office LLC Takes Position in Autodesk, Inc. $ADSK

Callan Family Office LLC acquired a new position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,172 shares of the software company's stock, valued at approximately $1,589,000.

Other large investors have also added to or reduced their stakes in the company. Keating Financial Advisory Services Inc. acquired a new stake in shares of Autodesk during the 2nd quarter worth about $44,000. Green Alpha Advisors LLC acquired a new position in Autodesk in the 2nd quarter valued at about $561,000. Patron Partners LLC bought a new position in Autodesk in the 2nd quarter valued at about $709,000. Allworth Financial LP acquired a new stake in Autodesk during the second quarter worth approximately $378,000. Finally, B. Metzler seel. Sohn & Co. AG acquired a new stake in Autodesk during the second quarter worth approximately $6,254,000. Institutional investors and hedge funds own 90.24% of the company's stock.

Autodesk Stock Down 0.0%

Shares of NASDAQ ADSK opened at $253.82 on Monday. The stock has a market capitalization of $53.56 billion, a P/E ratio of 37.00, a PEG ratio of 1.55 and a beta of 1.29. The stock's fifty day moving average is $219.71 and its 200 day moving average is $231.61. Autodesk, Inc. has a 52 week low of $185.50 and a 52 week 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.

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 net margin of 19.49% and a return on equity of 57.14%. 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 prior year, the business posted $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.

Insider Transactions at Autodesk

In other news, Director Stacy J. Smith purchased 3,435 shares of Autodesk stock in a transaction that occurred on Friday, May 29th. The shares were acquired at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the transaction, the director 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 document filed with the SEC, which is available through this link. Also, Director John T. Cahill acquired 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 23rd. The stock was purchased at an average cost of $189.20 per share, for a total transaction of $378,400.00. Following the completion of the purchase, the director directly owned 4,000 shares of the company's stock, valued at $756,800. The trade was a 100.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders bought 7,935 shares of company stock valued at $1,666,644. Company insiders own 0.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. BNP Paribas Exane started coverage on Autodesk in a report on Thursday, June 18th. They issued an "outperform" rating and a $295.00 price objective on the stock. UBS Group reissued a "buy" rating on shares of Autodesk in a research report on Friday, May 29th. DA Davidson restated a "buy" rating and issued a $325.00 price target on shares of Autodesk in a research note on Friday, May 29th. Loop Capital lowered their price target on shares of Autodesk from $250.00 to $235.00 and set a "hold" rating on the stock in a research report on Friday, May 29th. Finally, Royal Bank Of Canada cut their price objective on shares of Autodesk from $335.00 to $305.00 and set an "outperform" rating for the company in a report on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $321.65.

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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