Empowered Funds LLC Boosts Stake in Autodesk, Inc. $ADSK

Key Points

• Empowered Funds LLC more than doubled its Autodesk stake by 127.1% in the first quarter, ending with 38,132 shares valued at approximately $9.1 million. Institutional investors collectively own 90.24% of Autodesk.
• Autodesk reported quarterly EPS of $2.99 and revenue of $1.93 billion, exceeding analyst estimates, while revenue increased 18.4% year over year. The company issued FY2027 EPS guidance of $12.40–$12.65.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $321.07. Recent insider purchases totaled 7,935 shares worth about $1.67 million, although Autodesk shares recently traded down 2.4%.

Empowered Funds LLC boosted its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 127.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,132 shares of the software company's stock after acquiring an additional 21,341 shares during the quarter. Empowered Funds LLC's holdings in Autodesk were worth $9,129,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC lifted its stake in shares of Autodesk by 14.5% in 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. Sivia Capital Partners LLC grew its position in Autodesk by 98.1% during the second quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company's stock worth $765,000 after buying an additional 1,224 shares during the period. Schnieders Capital Management LLC. purchased a new position in Autodesk in the second quarter valued at about $466,000. Baird Financial Group Inc. increased its holdings in Autodesk by 7.5% in the second quarter. Baird Financial Group Inc. now owns 10,048 shares of the software company's stock valued at $3,111,000 after buying an additional 701 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Autodesk by 25.3% during the 2nd quarter. NewEdge Advisors LLC now owns 13,860 shares of the software company's stock valued at $4,291,000 after acquiring an additional 2,795 shares during the period. Institutional investors and hedge funds own 90.24% of the company's stock.

Autodesk Trading Down 2.4%

Shares of ADSK opened at $251.66 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.83. Autodesk, Inc. has a 1-year low of $185.50 and a 1-year high of $329.09. The stock has a market cap of $53.10 billion, a price-to-earnings ratio of 36.69, a price-to-earnings-growth ratio of 1.58 and a beta of 1.29. The firm has a 50 day simple moving average of $216.31 and a 200-day simple moving average of $232.28.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.84 by $0.15. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.Autodesk's revenue was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.29 EPS. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. Equities analysts forecast that Autodesk, Inc. will post 9.7 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on ADSK. Wells Fargo & Company decreased their price target on Autodesk from $350.00 to $330.00 and set an "overweight" rating on the stock in a research note on Friday, May 29th. Bank of America reaffirmed a "buy" rating and set a $300.00 price objective on shares of Autodesk in a report on Tuesday, May 12th. BNP Paribas Exane assumed coverage on Autodesk in a research report on Thursday, June 18th. They set an "outperform" rating and a $295.00 target price on the stock. BMO Capital Markets lowered their target price on Autodesk from $279.00 to $262.00 and set a "market perform" rating on the stock in a report on Friday, May 29th. Finally, BTIG Research restated a "buy" rating and issued a $300.00 price target on shares of Autodesk in a research report on Friday, May 29th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $321.07.

Insider Activity

In other news, Director John T. Cahill bought 2,000 shares of the business's stock in a transaction that occurred on Tuesday, June 23rd. The stock was purchased at an average price of $189.20 per share, with a total value of $378,400.00. Following the purchase, the director owned 4,000 shares of the company's stock, valued at $756,800. This trade represents a 100.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Janesh Moorjani bought 2,500 shares of Autodesk stock in a transaction on Monday, June 15th. The stock was purchased at an average price of $197.67 per share, for a total transaction of $494,175.00. Following the completion of the acquisition, the executive vice president 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 purchased 7,935 shares of company stock worth $1,666,644 over the last three months. 0.14% of the stock is currently owned by corporate insiders.

Autodesk 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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