EP Wealth Advisors LLC Takes Position in Autodesk, Inc. $ADSK

Key Points

• EP Wealth Advisors purchased 4,602 Autodesk shares worth approximately $895,000 in the second quarter. Institutional investors and hedge funds collectively own 90.24% of the company.
• Autodesk reported quarterly EPS of $2.99, beating estimates by $0.15, while revenue rose 18.4% year over year to $1.93 billion. The company issued fiscal 2027 EPS guidance of $12.40–$12.65.
• Analysts maintain a generally positive view, with Autodesk carrying a “Moderate Buy” consensus rating and an average price target of $321.65, compared with a share price of $253.82.

EP Wealth Advisors LLC bought a new stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,602 shares of the software company's stock, valued at approximately $895,000.

A number of other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Autodesk in the 2nd quarter valued at approximately $4,828,855,000. Norges Bank acquired a new position in shares of Autodesk in the fourth quarter valued at $867,480,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Autodesk by 44,345.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,280,515 shares of the software company's stock valued at $675,055,000 after purchasing an additional 2,275,384 shares in the last quarter. Deutsche Bank AG bought a new position in Autodesk in the second quarter worth $322,851,000. Finally, Bank of New York Mellon Corp acquired a new stake in Autodesk during the second quarter worth $228,908,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Stock Down 0.0%

Shares of NASDAQ:ADSK opened at $253.82 on Monday. The company's fifty day moving average is $219.71 and its 200-day moving average is $231.61. 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, Inc. has a 52 week low of $185.50 and a 52 week high of $329.09. The company has a market capitalization of $53.56 billion, a PE ratio of 37.00, a P/E/G ratio of 1.55 and a beta of 1.29.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced its quarterly earnings results on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.15. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.89 billion. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The firm's quarterly revenue was up 18.4% on a year-over-year basis. During the same period last year, the firm posted $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 research analysts predict that Autodesk, Inc. will post 9.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

ADSK has been the topic of several analyst reports. Piper Sandler lowered their price target on shares of Autodesk from $383.00 to $369.00 and set an "overweight" rating on the stock in a report on Friday, May 29th. Rosenblatt Securities reiterated a "buy" rating and set a $330.00 target price on shares of Autodesk in a research report on Monday, June 1st. UBS Group reissued a "buy" rating on shares of Autodesk in a research note on Friday, May 29th. BNP Paribas Exane began coverage on shares of Autodesk in a research note on Thursday, June 18th. They set an "outperform" rating and a $295.00 price target for the company. Finally, KeyCorp reaffirmed an "overweight" rating on shares of Autodesk in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Autodesk presently has an average rating of "Moderate Buy" and an average target price of $321.65.

Insider Buying and Selling

In other Autodesk news, Director Stacy J. Smith bought 3,435 shares of the firm's stock in a transaction dated Friday, May 29th. The shares were bought at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the completion of the acquisition, the director owned 26,517 shares of the company's stock, valued at approximately $6,129,934.89. This trade represents a 14.88% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John T. Cahill bought 2,000 shares of the stock in a transaction dated Tuesday, June 23rd. The stock was acquired at an average price of $189.20 per share, with a total value of $378,400.00. Following the completion of the purchase, the director owned 4,000 shares of the company's stock, valued at $756,800. This represents a 100.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 7,935 shares of company stock worth $1,666,644 in the last three months. Insiders own 0.14% of the company's stock.

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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